Message from @beaker
Discord ID: 506755343255339020
its happoening becuase of uncertainty
I would not bet against you
people are worried what will happen if dems win
so theres always a decline before an election
that and feds raised interest rates
I've been tellling people the economy is going to tank once we get serious internet regulation.
But Europe is already doing that.
Tech has been propping the economy up for awhile and it's based on growth projections.
Plz explain?
We have had net neutrality for years
But as GDPR comes into effect, stuff like AI becomes difficult or impossible.
The economy is still fine
Simultaneously, people start abandoning and losing faith int he companies and they start looking less like a growth sector and more like and established and stagnant market.
This causes the values of these companies to tank, and it takes everything else out too.
Likely via the banks.
Are you talking about tech companies or telecommunications companies?
You have to understand, privacy is kryptonite to Google and Facebook.
The Silicon Valley companies in general, but mostly the big ones involved in stuff like advertising.
They've been overvalued for awhile.
they will simply buy people's privacy i think
They already do.
and people will sign up in droves
They pay you with a service.
By any means, that's money out of their coffers. Which hurts their valuation.
they're almost too big to fail really.. for every service that takes a hit, they will develop new services
When the banks don't make return on investment, they become more careful and it slows growth elsewhere.
they have unlimited resources
I agree. I'm not saying they die.
I'm saying they experience a hit to the stock price and it takes out the economy at large.
Exactly what's meant by too big to fail.
what i hate most is the centralised bias control these company have, and everyone still uses them
But like, Tim had that article about how FB lost half it's young users. That's going to *sting*
I think that's the general feeling around here.
They're not neutral platforms.
reddit, twitter, etc banning everyone left and right they disagree with
I actually have bigger worries with respect to Tech.
AI?
We haven't even seen the tip of the iceberg on the kind of control that's possible.
Most companies like Facebook own multiple social media platforms
They were never good sites in the first place though