/biz/ - Business & Finance

[Anonymous No.51592953]

Where is the money coming from that prop up all these tech companies? 90% of them provide no value or products anyone uses and are mainly just vaporware. How can this continue to go on?

[Anonymous No.51593057]

>>51592953
Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value. Ever escalating recessions, poverty, wealth inequality, monopolies, disease, pollution, slavery, conflict and wars are fundamental, necessary and intended functions of it, NOT glitches, and every single financier or crypto dudebro is a literal parasite.

If finance sector which is purely parasitic can be allowed to exist then so can a tech sector.

[Anonymous No.51593100]

>>51592953
You also provide no value or products, yet you have money to buy shit. Now who gives you money?

[Anonymous No.51593184]

>>51592953
Low interest rates. The Fed is fixing this. Expect many techie tears.

[Anonymous No.51593230]

the thing is the 10% that do provide value is so huge that it makes up for the 90% of loses the institutions do take

[Anonymous No.51593286]

its literally the biggest con in the world creating something out of thin air and attaching a price to it and thus separating idiots from their money

[Anonymous No.51593424]

Tech companies are extremely overvalued and not nearly as infallible as previously believed with as we can see from the Meta/Google layoffs. These stocks are going to fall big time, and when the market caps see 30-40% reductions all those codemonkeys that claim to make 6 figs while working 10 hrs a week will find themselves out of a job and virtually unhirable.

Also, the fact that the barrier to entry is so fucking low that literal janitors and baristas can take 12 week coding bootcamps, bag entry level jobs and then end up performing at the same level as CS grads in under 2 years makes things even worse. The tech job market is extremely flooded, 2 yrs later all these juniors will become mid-level experienced and drive the wages down on those levels too, it's going to be a domino effect that will cause salaries to plummet big time in the next half decade.

There's certain areas where tech is basically infallible, but 90% of the positions including the ones FAANG companies pay 6 figs to new grads for will see significant down turn in value. Tech is a bubble, and it's become bloated to the point that an industry upsetting explosion is imminent in the near future.

[Anonymous No.51593628]

>>51592953
its funded from the future by a technocratic singularity reaching backwards in time to self actualize. It's an inevitable product of capitalism that has been building since the 1600s
just read Nick Land

[Anonymous No.51593656]

>>51592953
>where does the money come from
banks print it
whenever you take a loan, banks conjure the money from nothing into your bank account.

https://positivemoney.org/how-money-%20works/how-banks-%20create-money/

[Anonymous No.51593763]

>>51592953
its just boomers money laundering

[Anonymous No.51593940]

>>51593057
>Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, exploitative and unsustainable with a built in expiration date. All finance assets like money,crypto,debt,bonds etc are purely parasitic in nature and serve no purpose nor have any inherent value. Ever escalating recessions, poverty, wealth inequality, monopolies, disease, pollution, slavery, conflict and wars are fundamental, necessary and intended functions of it, NOT glitches, and every single financier or crypto dudebro is a literal parasite.
>If finance sector which is purely parasitic can be allowed to exist then so can a tech sector.

[Anonymous No.51593999]

>>51593424
>codemonkeys will find themselves out of a job and virtually unhirable
>virtually unhirable
kek
But in all seriousness, no I have plenty of other skills.

[Anonymous No.51594017]

>ITT: brainlets think they are clever for regurgitating mainstream normie talking points about muh tech bubble
Tech really wasn't that overvalued. We're talking average PEs in the 20s, nothing like 1999 where if you picked a random tech stock it was almost certainly vaporware with above-100 PEs.

Quite frankly, if you were too young to have been investing around the time of the dotcom bubble, then you should probably stop providing your irrelevant opinion.

[Anonymous No.51594108]

>>51594017
stop serious posting we’re demoralizing potential coooders

[Anonymous No.51594141]

Can you provide an example of some tech companies youre referring to?

[Anonymous No.51594186]

you know how hedge funds have all the money? you know how they use automated trading? you know it’s not ALL frontrunning? they actually want REAL metrics on what people ACTUALLY buy when they go to the mall
data is purchased by hedge funds , this data is collected by websites and phone apps, who sell it to data aggregators, who sell it to anyone with $
advertisers want this data as well, and they buy it
https://themarkup.org/privacy/2021/09/30/theres-a-multibillion-dollar-market-for-your-phones-location-data

[Anonymous No.51594353]

>>51592953
Venture capital funds. They invest a large amount of money very widely. They know most will fail, but the winners more than cover the costs of the losers.

[Anonymous No.51594497]

>>51593057
>>51593940
To a certain extent, anon is correct but it's not capitalism itself, it's democratic capitalism. Having no true authority results in what we have today where people/corporations with money buy out the given elected officials of the moment (lobbying) which suits their immediate needs at the expense of everyone else's. Look at intellectual property law and health insurance policy as examples. Having a monarchy or something similar would place responsibility of the nation doing well on the shoulders of a consistent leader as opposed to having people make careers out of being a part of some committee that in the end does nothing but make life worse for everyone elde while lining their own pockets. Democracy working well with capitalism ended when people with no stake in society got to choose who was in charge

[Anonymous No.51594854]

>>51592953
Uber is simply a tool to convince white females to get into cars with strangers they meet on the internet. It's never turned a profit and it doesn't have to because its only purpose is to kill whitey. To certain (((investors))) that alone justifies the price.