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Mark Zuckerberg Just Got Rather Badly Humiliated (futurism.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 4 points 4 months ago (2 children)

yeah, i know the argument you’re trying to make, but that doesn’t change the actual capital and labor being used to create these things. whether it’s profitable once the investors run out of money is another story.

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  • [–] 7 points 4 months ago (1 child)

    I see what you mean, but I'm still not sure I would describe that as a "market."

    Usually a market has both buyers and sellers.

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  • [–] 1 point 4 months ago

    yeah, i mean it’s all bit abstract, but that’s essentially what it is.

    a concrete example would be Nvidia. they’re wildly profitable, and they don’t care how overleveraged you are as long as their barrels full of cash keep coming in.

    i agree with you that there is a concerning amount of debt and leverage going on, but it’s undeniable there’s money changing hands.

    but also, speaking of abstract, all this shit is made up and most of the money “moving” is just flipping some bits in a database somewhere. i also agree with you that it’s all a bit of a facade for people with power to play with power while the true “value” of society such as cost of living and quality of life take a low priority cuz “AI has a $T valuation”. but if you live in this system, this is what it is.

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