When the dotcom bubble burst
dfarq.homeip.net
The hunt for the next Microsoft created an era of excess that wasn't sustainable
    • KairosEnglish
      53·
      2 hours ago

      Ive been saying that it’s gonna cause another great depression and literally nobody has been taking me seriously.

        • KairosEnglish
          7·
          10 hours ago

          The whole tech industry, which is basically the entire US economy at this point, is so horny for i"AI" that they’ve basically bet everything on it. And we have a casino joke economy to. Crashes in any major field bring down everything as idiot investors trade without an idea of what they’re doing. Or the only idea they know is most everyone is using this “AI” stuff too.

          • S13Ni@lemmy.studioEnglish
            3·
            9 hours ago

            For what it’s worth, I buy this. We had tech bubbles before but this is so big, while also one of the few sources of growth anymore, while real economy is stagnating.