This is a most excellent place for technology news and articles.
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.
Peter Thiel sells his Tesla stake
Telsa price goes up
Lolz. Lmao even.
Anyone hear a loud hissing sound?
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.
The whole fucking thing needs to crash to the ground.
Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked
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.
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.
Hope he loses everything
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.
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.
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.
I do believe he is starting investments into new projects and needed liquid cash. I wouldn’t dig too deep into this.
