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Cake day: July 7th, 2023

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  • I’m not an expert, but I’ve been observing investment behavior for a while now. I’ve watched VC behavior, and the behavior of retail investors on the stock market. I’ve watched analysts, owned some stocks and worked with investor relations for a technology company, and I’ve participated in an IPO. I’ve also listened to executives talk about ‘valuations’ behind the scenes. Over time, I’ve become convinced that there is no real “market” operating the way that most people who advocate for the benefits of market dynamics define it. It’s not allocating capital based on anything related to merit and it isn’t efficient in any real way. These valuations are largely arbitrary and manipulated by a choreography of marketing, fraud, and the continuously nurtured delusions that some parts of the market (like journalists and analysts) are objective, and that the majority of normal investors are actually able to make informed decisions. In short, I have no confidence that Neuralink is actually worth that much. But, in the end, almost no one cares and almost no one participating in these “markets” has any interest in the supposed benefits to society that markets bring. That is why society keeps getting worse the longer it is being shaped by the parlor game that is our economy.








  • xenomor@lemmy.worldtoAsklemmy@lemmy.ml*Permanently Deleted*
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    3 months ago

    It’s probably a downstream effect of the souring mood in the United States as the consequences of the current administration and our slide into fascism become increasingly apparent. Can’t speak for the rest of the world, but it’s hard to believe things are getting better out there.


  • I hope that people outside the US are aware of how quickly the rhetoric is shifting within the US. The right wing machine is rapidly spinning up a normalization of the ideas that: the US doesn’t need allies at all, the US has zero obligation to abide by international treaties, and the rest of the world is available for us to take. By ‘take’ I mean utter economic dominion and/or military conquest and/or territorial annexation.

    The speed at which things are deteriorating here is shocking. An imperial US is a terrifying prospect. This deranged, entitled joke of a country has both an effectively endless supply of armaments and a depraved indifference to the suffering of people abroad and here at home.

    The world has a metastasizing US problem.


  • There’s nothing redeemable about Russia’s oligarchic regime. People who do support it are either excited about doing right wing bigotry, or providing peasant-brained support for the idea of having feudal lords that will supposedly protect them.

    As much as I hate the authoritarian regime in China, at least they have achieved meaningful outcomes for many of their people and seem to be investing in a long-term plan to continue that momentum.

    As others have expressed on this thread, it’s important to apply your righteous sense of justice to the US as well. When you do, you will start to realize that we’ve been an unspeakably damaging force for both the wellbeing of our own people, and people globally. As an American, I can tell you that it’s quite a shock to wake up from decades of programming and realize the scale of violence my own country has perpetuated.







  • Not sure why any developer who isn’t a self-loathing masochist would work for these clowns ever again. Rose was a brittle little bitch who threw his own dev team under the bus when Digg 4 bombed. Somehow I doubt that years of fattening up while marinating in venture capital and crypto wealth have matured that shallow tea-sucking fucker in any meaningful way.