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It is "pump and dump", hyping is pumping.
by Jensson 2y ago
It is "pump and dump", hyping is pumping.
- xk_id 2y agoVCs just need to make sure there is enough hype by the time AI startups IPO, so that they can cash out. It's part of a bigger trend in finance, arguably caused by quantitative easing. It's why Uber could IPO, while they had never made a profit; but because of the hype, their stock price did great on day 1.