After the 2008 crash. Central banks opened the faucet and started printing money like crazy. It was supposed to be temporary but it has continued. All this money went primarily to the financial industry which is flush with cash to invest in "the next big thing".
The result today is that there are just a small handful of companies (Meta, Google, Microsoft, Nvidia, Apple, Amazon, Tesla) have a combined market cap of $19 Trillion. More than the GDP of Germany, Japan and India.
It's all a speculative bubble.
https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fyoutu.be%2FS7NHhYlb1Gk%3Fs...

It's like there are at least two layers of funny money accounting going on here.

First, you have the strange way that people equate market cap with value. There's no guarantee that holding shares with a current market value of $X will eventually return $X or more in dividend payments plus maybe some eventual disposal of assets, and these are usually the only tangible values involved. A market cap based on ludicrously high P/E ratio will be high, but trading those shares is like trading Bitcoin: it starts to look more like a Ponzi scheme than a genuine value-based investment.

Second, even the market cap is mostly theoretical here, because any shares held can't be freely traded on an open market. The asset is almost completely illiquid other than occasional anomalies like the secondary sale we're talking about. The first IPO of an AI unicorn could be the pin that bursts the bubble.

It's the difference between being one of the AI unicorns that doesn't actually make any real profit yet and is largely funded based on hype and hope, and being a supplier like Nvidia that is actually being paid real money (funded by all the AI investment) and has a P/E ratio that is high but not off-the-charts stupid.

Zuck didn't fall asleep at the wheel. He was driving straight for the cesspool, wide awake, and on purpose from the beginning. Anyone who couldn't see where he was going was simply not looking.

I don't disagree, but if you want to supplant the public square with an online space, it needs to be decentralized and ideally should actually belong to the public.

FSD is not anything close to self driving. You have to constantly monitor it to correct the frequent screwups.
It really a poor level 2 drive assist and not even close to level 5 which is real FSD.

Except their car autonomy (autopilot, full self driving). These "features" work poorly and are dangerous. They've been trying to get it right for almost 10 years and keep promising "by the end of the year" but they still are not ready for prime time. I think part of the problem is that they are stuck using "vision only" whereas other autonomous car systems use a combination of sensors (vision, ultrasound, radar, lidar, etc.) which seem to work better.

OTOH, the frequent software updates have improved many other aspects of the car.

It is common knowledge that the planets Albedo (Level of light reflection) has been dropping. The mean reasons are less snow and ice (a large portion of Albedo loss) and fever overall clouds. It's one of the runaway cascading effects of man-made global warming. This really isn't news anymore. Well, perhaps for some, I guess. ... Errrm, nevermind, carry on.

Because the capitalists control the government.
I personally believe that all health care should be non-profit.
Profit seeking corporations just leech off of the health care system. They add expense and barriers.

Fortunately, solar, wind (and battery storage) are cheaper than fossil and nuclear power. This keeps the greedy capitalists happy to invest in green energy.
Even the massive subsidies for fossil fuels can't overcome solar and wind cost advantage.

The US medical system is designed to ensure profit insurance companies, hospital corporations, pharma.
Any benefit to health is merely a secondary side effect.

Social Security is only in financial trouble because the politicians are bribed and don't raise taxes on rich people who get a real bargain with their SS tax capped at a ridiculously low income level. They get a real bonus far beyond their contributions.
Everyone else gets a fair return on their contributions to the fund.

Most people don't want to live under US fascism.
People and leaving the US (especially the educated).

Notions of "noon" is a relic of a preindustrial lifestyle.

I am amazed at the laggard US banks.
20 years ago I lived in Switzerland. Banks had no checks. All payments were electronic. I could pay and receive money from anyone without hassle or fees.
The US is backwater slowly slipping into irrelevance.

I've found Venmo cheaper to use since it doesn't have transaction fees for many transfers.
PayPal extracts fees from most transactions.
Who is the idiot?