This is a most excellent place for technology news and articles.
That means the peak is here. The insider of all insiders sold? Dump everything!
Imagine if he waits for people to panic and sell off and then buys back into the market.
In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they're an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.
I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.
The word is regulatory capture, and the game is upwards wealth transfer.
I imagine this should count as illegal stock market manipulation, but the government would be too in on the scam to prosecute it.
FTFY
Sucks that even though I'm not invested in anything, when this pops I won't be able to buy food. Thanks a lot, wealth and "security" chasers.
Isn't this an interesting property of market economies?
Software and silicon chip manufacturing has literally nothing to do with food production and yet a 'disaster' (I.E. going back to the status quo as of a few years ago) in that industry will affect your ability to eat. Nothing has happened to the farmers or their fields, or to the logistics system that moves food from one place to another, and yet somehow things suddenly can't find their way from where they are produced to where they are needed.
Remember, this is supposed to be the most efficient way to allocate resources.
They'll wave it off as him deciding Elon is the antichrist he's been moaning about
i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone
My bet is that he's trying to start a panic in the markets. That way he can clean up on a short.
Oh, it will. Bad for everyone human.
This goes back to September.
Don't make actions today based on something someone did months ago. Look at the situation now.
Nvidia is still being given piles of money. Everybody knows it's gonna blow eventually... but if there's a dip today it will rise again until a real crash once buyers stop paying.
DRAM going to the moon right now over demand is not a good sign of nvidia losing steam any time soon.
To shreds you say?
And how’s his wife?
To shreds you say?
Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked
when you see the rats running from the end of the ship that's settling a little lower in the water... that water ain't outside the hull anymore.
I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.
When we are in the middle of a tech bubble and one of the richest and most connected men on earth decides to cash out, then that is not "stonks crap", but relevant tech news. Some companies stock price rising by 2% is not news, but this? Yes.
Unfortunately, these stocks being high are directly related to so much of the tech world being complete shit right now.
The underlying story is the AI bubble that we all know will end badly. They are shoving lying and hallucinating AI on our devices and into our employment without consent. It's going to come down, its a matter of when, not if.
AI bubble that we all know will end badly.
7 to 11X bigger than sub prime crash in 2008. NGL: watching Real Estate agents eating in soup kitchens was not a tragedy.
I want to see it, lemmys got a bigger problem with individuals trying to control what everyone else sees, you have many options like blocking the poster
Peter Thiel sells his Tesla stake
Telsa price goes up
Lolz. Lmao even.
Buy toilet paper.
"You mean toilet paper stocks right?"
Did I stutter?
Sooooo that gives us how long, exactly, until we dive nose first into a huge world wide recession?
Remove the rich
Nobody should be allowed to be a billionaire, put max caps on netwoths. Anything over 10-20 million should go 100% to tax
We don't let individuals own nuclear weapons. We shouldn't allow individuals to wield financial weapons.
Peter Thiel and Donald j Trump are both best friends with Jeffrey r Epstein and child rapists.
*Scooby-Doo voice
ruh oh
I hope your 401K is diversified because this will bring down a lot with its fall.
If it isn't diversified, then you're not investing. You're gambling.
Microsoft, Oracle, Nvidia, AMD, etc. all inking new partnerships to generate a headline and valuation increase. Meanwhile AI companies PE ratios creep upward.
The top few companies can only helicopter cash at eachother for so long before the bubble eventually busts. That's not new income being generated, it's more akin to check-kiting in a public trading context.
Hope he loses everything
Anyone hear a loud hissing sound?
