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I find it weird to report on this like it's a race or competition. His net worth bump right now is entirely due to rash market speculation and the recent tech b
by efficax 9y ago
I find it weird to report on this like it's a race or competition. His net worth bump right now is entirely due to rash market speculation and the recent tech bubble. When the crash comes (and it will), AMZN could easily be down to $500 in a week, and he'll just be insanely rich again.
- zoren 9y agoWhen will this crash come? And how do you know?
- efficax 9y agoBecause markets move in cycles? We've had multiple crashes in the past 40 years, most recently in 2008. Markets always crash, it's what they do.
- zoren 9y agoOh I understood you as if you where claiming we are currently in a tech bubble that will burst soon. That's why I asked when this would happen.
- HillaryBriss 9y agothey've been saying that since 1997
- efficax 9y agoAnd the tech stock market crashed in 2000-02. We're back on a rebound, especially in the past 5 years. Bubbles burst, it's literally the one reliable law of markets since the advent of joint stock companies.
- undersuit 9y agoI bought some Amazon stock when it was ~190. I sold at ~310 because I was happy with my profits. The crash is always coming.