Sucks that even though I’m not invested in anything, when this pops I won’t be able to buy food. Thanks a lot, wealth and “security” chasers.
eyup. I mean considering it was more about not having housing before and now its about not having food we can see where things are going.
To shreds you say?
The whole fucking thing needs to crash to the ground.
when you see the rats running from the end of the ship that’s settling a little lower in the water… that water ain’t outside the hull anymore.
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.
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.
Unfortunately, these stocks being high are directly related to so much of the tech world being complete shit right now.
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.
While true, I gotta suspect that Peter Thiel, specifically, gets to peek under the hood before he makes his bets to a degree that most of us can only imagine.
Or he simply got cold feet because Nvidia‘s stocks didn‘t implode yet as far as I‘m aware. The truth is this is pure speculation just like the entire slop ma- excuse me, stock market. There are better communities for tinfoil hatters and rocket monkeys.
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 of 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 has 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, which itself already tells us way more than what Politicians say.
I think your post just really proves my point because nothing you said is really about the topic of this community anymore. There are better places on the Fediverse specifically designed for politics or economics. As a rule of thumb, if a headline is about stonks, it shouldn‘t be posted because the comments will only derail further away from the technology topic.
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.
Well if we gonna make a post every time some rich fucker sells tech stonks now it will quickly evolve into spam. I mean, we already know AI is overblown and we don‘t need to take a single glance at someone‘s portfolio to know that because this is a technology community and we‘re informed about what big tech keeps promising and underdelivering for 3 years straight.
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
Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked
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Peter Thiel sells his Tesla stake
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Telsa price goes up
Lolz. Lmao even.
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Peter Thiel and Donald j Trump are both best friends with Jeffrey r Epstein and child rapists.
The next year before the Midterms is going to be a wild circus.
Hope he loses everything
Anyone hear a loud hissing sound?
*Scooby-Doo voice
ruh oh
Here Comes Another Bubble v1.1 - The Richter Scales https://youtu.be/I6IQ_FOCE6I
Can we get a TL;DR for those who hate clickbait, please?
From what I can tell, it looks like there are a lot of loans out right now, the rate at which they are issued has increased since the beginning of the Trump presidency has increased dramatically, and this is like really bad because If those loans don’t get paid back then pillars start collapsing underneath the financial system. Lose too many of those and the whole thing comes crashing down.This one graph doesn’t represent all of the bad that is going on, it’s just a sort of a weathervane to tell you which way the wind is blowing. …and right now it’s blowing where the sun don’t shine.
