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I have a theory on this. I think the next leg of the downturn will start once people actually figure out that the economy has been completed hollowed out all t
by yc_theorist 6y ago
I have a theory on this.
I think the next leg of the downturn will start once people actually figure out that the economy has been completed hollowed out all the money printing. At that point, of all the tech giants, Facebook is the most likely to collapse because their only moat is to collect even more of your data or acquire companies who do the same. Given that their "moonshot" cryptocurrency project was (thankfully) basically dead on arrival, they now don't have nearly as many tentacles into our lives as the other tech giants.
Now, imagine being the only social network where the President of the USA is allowed to write whatever he wants. That's a sure-shot bailout package isn't it?