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Gradually_Adjusting
joined 1 year ago
No mystery there. Good video.
A distant cause is likely the changes in monetary policy (rate hikes). The tech sector has been structuring their capital as if borrowing would always be cheap, and they were unprepared for a sudden flight toward sustainable cash flow.
I think their only hope for "fuck you money" at this point is to cash out at IPO and watch it burn.
Continue to recall that when one person snaps up all the shares of a company at once, that company continues to trade. What we are testing is what happens when you distribute that process over many thousands of people and many thousands of transactions.
I'm so much happier without it. Having a big number next to your name is such a tired little ego trip