Profile: c3f2eeaa...
The tech bubble that people have been expecting to pop since the dotcom crash finally popped this year. The list of startups getting acquired for pennies on the dollar, doing down rounds or simply running out of cash grows every day.
The sad truth about any economic situation is that if it looks too good to be true then it is. This crash was harder than expected since even profitable big techs laid of tens of thousands.
https://www.theinformation.com/articles/the-unicorn-fire-sales-ahead
nostr:npub19qm2trjs3p32nwqwry4ufxl4fk9q4utkq53ywueg0yk8cvggra5s79sn8k sadly the VC world won’t learn from this as they haven’t learned from previous bubbles. Some of these “investments” are pure gambling.
nostr:npub19qm2trjs3p32nwqwry4ufxl4fk9q4utkq53ywueg0yk8cvggra5s79sn8k prior to social media (or the mass reach of the internet) it was difficult for people to get these ideas out there or connect with people who were like minded. That’s now changed so groups of people who would normally be lone wolfs are now part of massive organized groups.
nostr:npub19qm2trjs3p32nwqwry4ufxl4fk9q4utkq53ywueg0yk8cvggra5s79sn8k a CEO once made an off handed comment in a catered breakfast meeting asking why there were chocolate chip and cranberry muffins but no blueberry ones. He meant it as a joke. Months later he noticed that every breakfast meeting he went to had a ton of blueberry muffins and asked someone why there are always so many blueberry muffins at every morning meeting. Little things we don’t mean can be taken as direction to people and leaders always have to be aware of it.
nostr:npub19qm2trjs3p32nwqwry4ufxl4fk9q4utkq53ywueg0yk8cvggra5s79sn8k Siri is borderline unusable. I don’t know how they feel about it internally at Apple but it should be a huge embarrassment. Google Assistant is better but still has it’s moments of stupidity. The other day I asked it what the weather would be like for somewhere I’m going next week and it knew. I then asked for a specific day, and it got confused. ChatGPT generally doesn’t have issues understanding prompts. It should be a huge improvement in terms of understanding what I’m asking.
nostr:npub19qm2trjs3p32nwqwry4ufxl4fk9q4utkq53ywueg0yk8cvggra5s79sn8k can’t use it to buy 99.99999% of goods and services and can’t use it as collateral. What an amazing currency.