eicker comments on The Tech Industry Went All in on Trump, and Now They’re in Serious Danger Now That Americans Have Turned on Him: They gambled... and lost.

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[–] eicker@lemmy.world [S] 72 points 1 week ago (3 children)

For an industry obsessed with risk models, betting everything on Trump’s popularity was quite a choice. Especially while telling ordinary people to accept higher power bills and endless data centers. Turns out the electorate wasn’t as easy to disrupt as the CEOs hoped.

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[–] panda_abyss@lemmy.ca 22 points 6 days ago

I’ve worked in tech a long time and never have I seen an actual risk model used.

I have had CEOs tell me they don’t like my analysis and there’s gold in them thar bad decision hills, and they don’t care what my numbers say.

I get some schadenfreude watching the disaster unfold, but it usually ends in decent people getting fucked over by management.

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[–] CultLeader4Hire@lemmy.world 11 points 6 days ago

They’re venture capitalists they’re obsessed with risk in the sense they believe big risk = big reward and are vain enough to believe they can force several hundred million people to vote against their best interests with some poorly done smoke and mirrors. They forgot most VC ventures are failures because they’re too far up their own asses to see reality anymore

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[–] Grandwolf319@sh.itjust.works 3 points 6 days ago

I think what happened was a FOMO moment in which Elon’s contributions worked really, really well in 2024 so everyone else just jumped on that bandwagon.

The rich believe that the endgame is near so they are very ready to take as much power as they can.

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