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Investors don't know what they're doing. This is laughably apparent. They're monkeys throwing bananas at dart boards. There's that whole negative externality th
by observationist 2y ago
Investors don't know what they're doing. This is laughably apparent. They're monkeys throwing bananas at dart boards. There's that whole negative externality thing. There aren't alternatives to FAANG because they've viciously used their VC money to drive out competition, used their lawyers to litigate competition into extinction, and every other tool at their disposal to press an advantage in consumer exposure. This isn't a fair market where the best product wins; it's a game of "who's got the most money."
https://en.wikipedia.org/wiki/Enshittification https://en.wikipedia.org/wiki/Enshittification
This is how the world gets shittier. It's a whole thing. It's a large part of why things are as bad as they are.
But hey, yeah, don't worry about it, they obviously know what they're doing.