/biz/ - Business & Finance

>>56495186
>At its peak in 2000, Cisco stock traded above $79 a share, for a market cap of $546 billion -- surpassing Microsoft as the world's most valuable company and inspiring estimates that it could surpass a $1 trillion valuation.

>Unfortunately, the runaway success was not to last.

>The networking industry had, for all intents and purposes, never before experienced a steep downturn, and unchecked optimism about the growth of the internet prompted the company to ramp up production and expectations to unreasonable levels. This excess exuberance later translated into a $2.25 billion inventory writedown in 2001, when the dot-com bubble deflated

Feels like we could in Dot Com Bubble 2.0 but this time its with AI and cloud shit...

can anyone confirm if amazon warehouses and jobs are fucked? I have been browsing on twitter, reddit, discord and youtube shit related to amazon gigs;

apparently shifts in major cities have been non existent and entire warehouses have been vacant for months. sounds really bearish.

>>56471128
>>56471134
Sky doesn't have to fall for the lines on the map to change and the bridges to regain their tolls.
The whole economy was based on US using defeated Japan as a cornerstone to control china. Nixon fed and clothed the beast for cheap labor. But now the beast is attacking the man we are using as a bridge. And we are too preoccupied to help him b/c of an aegis of corruption spreading through the powerful classes, due to a lack of soundness of money. If politicians don't wield true power to restrain capital pirates, then soon the pirates are better dressed than their betters. If they're better dressed and better fighters they are in fact the true leaders, while the man in the suit whimpers I'm in charge here. And Bane responds.