this post was submitted on 11 Aug 2026
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There isn't a better example. This level of FOMO bullshit hasn't happened since the Dutch went bonkers over tulips.
Chatbot labs have the worst unit economics of any companies in recent memory. They only reason they still have doors open is VC money & that is now drying up. Unlike Uber, they will never become profitable. That's why you are seeing the push to IPO so they can loot your retirement accounts via the stock market.
Haha, now that's a great comparison! I mentioned to a co-worker a couple weeks ago that we should get ready to invest in the next bubble coming up after this one pops, probably tulip bulbs (again).
Good points, thanks.