The best comedies will be made by them… like the NFT cartoon that was made using the bored ape pictures that was so bad that even the biggest advocates of NFTs had no idea what the hell they were doing.
No, but when the AI bubble bursts it will wipe out between roughly 40% and 60% of the value of the US’s stock market, depending on which estimate you go by. For comparison, the initial crash of 1929 saw the stock market losing around a third of its value.
So either the government does bail them out, or it’ll be worse than that crash was.
Man, I cannot wait for the comedy movies that come out based on this farce, explaining exactly how these jokers lost all their money.
Lost? More like took all our money.
The best comedies will be made by them… like the NFT cartoon that was made using the bored ape pictures that was so bad that even the biggest advocates of NFTs had no idea what the hell they were doing.
Unless someone bails them out.
Who’s going to do that? Everyone with any money is already leveraged up to the eyeballs in this shit.
oh honey, it’s going to be tax dollars
So you’re saying they’re too big to fail?
Oh, we’ll see about that.
The key difference between tech giants and the banks, is the tech giants aren’t holding everyone’s money hostage.
Sure, those gen Z kids will lose all their photos of grandma because they couldn’t fathom a world without Instagram, but we’ll cope.
No, but when the AI bubble bursts it will wipe out between roughly 40% and 60% of the value of the US’s stock market, depending on which estimate you go by. For comparison, the initial crash of 1929 saw the stock market losing around a third of its value.
So either the government does bail them out, or it’ll be worse than that crash was.
Neither option is good for the little people