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Silicon Valley has forgotten what normal people want (www.theverge.com)
submitted 3 months ago by to c/LongformIndepth@lemmy.world
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[–] [S] 1 point 3 months ago (4 children)

the tricky part is that it is not even like real money - it is mostly a perceived worth

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  • [–] 2 points 3 months ago (2 children)

    It's real enough to let them borrow millions upon millions of real money against.

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  • [–] 1 point 3 months ago

    It's not about the cash they have in their pocket it's what they control. It's about power not dollars.

    Apart from buying immediate needs, holding wealth in cash is usually a bad idea.

    When Bezos got fed up that his cock rocked wasn't ready, he had no trouble liquidating several billion to push it over the finish line. So, yeah, it's "real enough" in that it's real when they want it to be.

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