The underlying story is the AI bubble that we all know will end badly. They are shoving lying and hallucinating AI on our devices and into our employment without consent. It’s going to come down, its a matter of when, not if.
Comment on Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears
CosmoNova@lemmy.world 10 hours ago
I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.
jdredbeard@lemmy.world 4 hours ago
SaveTheTuaHawk@lemmy.ca 2 hours ago
AI bubble that we all know will end badly.
7 to 11X bigger than sub prime crash in 2008. NGL: watching Real Estate agents eating in soup kitchens was not a tragedy.
rafoix@lemmy.zip 10 hours ago
Unfortunately, these stocks being high are directly related to so much of the tech world being complete shit right now.
CosmoNova@lemmy.world 10 hours ago
You see that is exactly the problem I have with these posts. You don‘t actually know if the trading portfolio of a mega evil asshole actually has any impact on the technology world. Stocks are just gambling and he could make the wrong move here. Like 90% of high traffic posts in r/technology was just random billionaires trading stocks at some point. It was utterly pointless.
khepri@lemmy.world 1 hour ago
While true, I gotta suspect that Peter Thiel, specifically, gets to peak under the hood before he makes his bets to a degree that most of us can only imagine.
Aceticon@lemmy.dbzer0.com 2 hours ago
This is the American version of Kremlinology: just like then all manner of non-political actions of members of the Soviet elites were studied to try to predict the direction of the Soviet Union, now all manner of non-political actions of members of the American elites are studied to try to predict the direction of the United States.
The reason for that kind of thing is that in systems were almost all of the real thinking, motivations and even politically revelevant actions of the elites controlling those nations are hidden or disguised, the only way to try and deduce what’s going on is to look at those things which by need or because they’re deemed to unimportant aren’t hidden or disguised.
Peter Tiel’s bulk stock sales and purchases are one such non-political data points that might be important in predicting the short- and mid-term future of the US, at least Economically, which in turn Political implications and more broadly for the future of American and Americans.
Sadly what American elites do in the Stockmarkets tells us a lot more about were they see the country going to than what they say.
dil@lemmy.zip 9 hours ago
I want to see it, lemmys got a bigger problem with individuals trying to control what everyone else sees, you have many options like blocking the poster
echodot@feddit.uk 7 hours ago
It’s a lot better than the practise of posting basically every news story because it tangentially involves a computer.
JensSpahnpasta@feddit.org 5 hours ago
When we are in the middle of a tech bubble and one of the richest and most connected men on earth decides to cash out, then that is not “stonks crap”, but relevant tech news. Some companies stock price rising by 2% is not news, but this? Yes.