4 ms·
> is worth 1.1 Trillion dollars That's the reason why it's a systemic risk. When the financial value of something and the real value diverge so much...people r
by GDC7 5y ago
> is worth 1.1 Trillion dollars
That's the reason why it's a systemic risk. When the financial value of something and the real value diverge so much...people rage will mount when inevitably the financial value collapses back to the real value.
People wanted Ballmer's head for keeping things together and allow the real value of Microsoft to catch up with the financial value which was so elevated at the height of the dot com bubble.
People have really strong emotions when it comes to their money, if they were raging at Ballmer because the MSFT stock stayed flat after a huge bubble (while all the other tech stock crashed and burned) , I can only imagine what will happen when Tesla implodes.
> certain area and can't "end"
The dream of Japan becoming a technological powerhouse essentially ended with the Japan stock market bust in the late 90s.
So yes, geographical areas characterized by irrational exhuberance can end, when things go south.
- CyberDildonics 5y agoYou said it was a scam and now instead of actually explaining that hyperbolic statement you are ignoring it and now saying "system risk" and throwing in irrelevant nonsense. Tesla isn't going anywhere whether you like them or not and they aren't even staying in silicon valley. Saying they are a scam is nonsense and saying silicon valley will "end" is nonsense.
- GDC7 5y ago> You said it was a scam and now instead of actually explaining that hyperbolic statement you are ignoring it and now saying "system risk" and throwing in irrelevant nonsense. It's your 101 financial scam where the CEO aims to divorce his net worth from the real life impact of the company he is at the helm of. Again he's doing so using your 101 deceit techniques such as empty promises, constant stock pumping, cult of personality and UsvThem mentality and creative accounting. It's Enron all over again.
- CyberDildonics 5y agoThat's not a scam, that's you being upset at Tesla's stock price. You said Tesla would fold and silicon valley would end and what you really meant was "I'm frustrated with people buying into hype on twitter". This seems like the same old pattern of being hyperbolic to get attention, then walking everything back or ignoring what you actually said once someone replies to you.
- GDC7 5y ago> That's not a scam It's a scam. Tesla FSD/Autopilot or whatever they call it is the same thing as Theranos blood test. On top of that you have some other 10-15 avenues of crime, including the creative accounting , the constant lying , the securities fraud, the violent threats to whistleblowers, the rampant drug usage on the factory floor..shall I continue?
- CyberDildonics 5y agoA scam would be if people gave them money and didn't get a car in return because there never was a car. This is an unsourced list you repeat out of frustration. A public company valued way above what people can explain with hard assets is not the definition of a scam. Also you didn't explain why it would be the "end" of silicon valley even though they are already moving to austin.