Is There a New Dotcom Bubble?

[Juan]

EU urged to investigate ex-politician's Uber links and rein in tech lobbyists
MEPs call for inquiry into Neelie Kroes while cab-hailing firm could lose access to European parliament

 

[Juan]

Judge grants Twitter fast-track trial to decide fate of $44bn Musk deal

 

[Juan]

Just imagine what Google, or Facebook, or Apple would have to pay in the EU for "vile" breaches of data laws if those useless EU politicians actually enforced the laws of the European Union.

Didi fined over $1bn by Beijing for 'vile' breaches of data laws

 

[Juan]

Snap shares plummet as advertising demand slumps

 

[Juan]

I can´t wait to hear the lies of Jay Powell and his useless FED this week...

 

[Juan]

Oh boy...

Live news updates: Rising fuel and food prices drag down US consumer confidence

 

[Juan]

Facebook parent Meta reports first decline in revenue

 

[Juan]

Good news for airlines (old technology maybe...)

British Airways parent IAG returns to profit for first time since pandemic

 

[Juan]

The FED has run out of excuses to maintain the interest rates so low:

US adds 528,000 jobs in surprise gain for labour market

Unemployment rate dropped to 3.5%, the lowest level since before the onset of the pandemic

 

[Juan]

The FED is considering another 75 basic points interest rate raise for September. They are still going slowly. And NOT reducing the balance sheet in the amount Powell promised, they are betraying their "word"...

 

[Juan]

TikTok employees complain of 'kill list' aimed at forcing out London staff

 

[Juan]

Amazon has been fined in Spain and investigated for breaking labour laws and not paying social security for his employees.

That's why I stopped purchasing stuff on Amazon a long time ago.

 

[Juan]

Elliott dumps SoftBank stake after souring on Masayoshi Son

Hedge fund effectively exits position in Japanese tech investor having lost faith in founder's ability to lead turnround

 

[Juan]

US chipmakers hit by sudden downturn after pandemic boom

 

[Juan]

The second dotcom bubble is going to collapse soon:

SoftBank sold Alibaba shares to reassure investors, finance chief admits

Yoshimitsu Goto says Japanese technology group wanted to 'instantly show' its finances were solid

 

[Juan]

Facebook should also recognise it is faking data and it's full of inactive accounts:

Twitter covered up security flaws and fake accounts, says whistleblower

Social network dismisses 'false' claims that could bolster Elon Musk's attempt to abandon $44bn deal

 

[Juan]

Nvidia earns 72% less in the second quarter.

 

[Juan]

Those Singaporeans clearly know that cryptocurrencies are a scam:

Singapore to tighten retail access to cryptocurrencies

Regulator says further measures are required 'to reduce consumer harm'

 

[SmallRonnie]

Those Singaporeans clearly know that cryptocurrencies are a scam:

Singapore to tighten retail access to cryptocurrencies

Regulator says further measures are required 'to reduce consumer harm'

First of all, all of crypto is not a scam, that is ridiculous. There are huge amounts of scams in it but you cannot label the entire asset class as a scam.

Secondly, the reason they want to restrict retail from trading is the same reason why retail is restricted from trading any other asset class. They all want to get rich quick and just end up losing all their life savings.

 

[Juan]

you cannot label the entire asset class as a scam.

I do not even think of crypto as an "asset"...

 

[SmallRonnie]

I do not even think of crypto as an "asset"...

You're trying to tell me that Shiba Inu isn't an asset?

Most of it is pure garbage but I understand the potential benefit of Bitcoin and some others. Some of the DeFi coins are actually useful for financial services such as lending and then Ethereum and other blockchains power all those services. It's still pretty early from a development point of view. Ethereum itself needs many more upgrades to increase the transactions per second.

 

[Juan]

You're trying to tell me that Shiba Inu isn't an asset?

That's garbage too. It's a total scam.

But hey you can believe what you want. There are people who believe in Jesus Christ. That's a great brand... haha.

 

[SmallRonnie]

That's garbage too. It's a total scam.

Sorry, I was being sarcastic

The whole asset class is worth a Trillion Dollars. Not really something you can just write off as a scam anymore. People have been saying that non stop for over ten years now.

 

[Juan]

Sorry, I was being sarcastic

The whole asset class is worth a Trillion Dollars. Not really something you can just write off as a scam anymore. People have been saying that non stop for over ten years now.

View attachment 51480

Wow... a trillion dollars is going to be wiped out from the market soon. That's going to be quite a shock.

 

[SmallRonnie]

Wow... a trillion dollars is going to be wiped out from the market soon. That's going to be quite a shock.

It's already down 2 trillion from the ATH lol.

What makes you think it will all go to actual zero?

The S&P lost over a trillion dollars in value on last Friday alone haha.

 

[Juan]

This is the company that will dominate the automotive industry:

Toyota to invest up to $5.3bn in battery production

 

[Stuart-T]

Snap shares plummet as advertising demand slumps

Obviously without advertising - the whole shebang collapses. Personally - In 25 years of using the internet - I have never clicked on an ad and bought a product - never. I suppose if all net users were like me - there would be no Facebook, no Google etc. I also skip YouTube ads and turn off the sound on those that have to play out. Maybe ad demand is falling because advertisers are getting such poor returns for their money? More and more people like me perhaps.

 

[Juan]

This is how money goes down the drain:

MicroStrategy founder Michael Saylor accused of tax fraud

 

[Juan]

OPEC is cutting down oil production and this is going to make oil prices and inflation go up.

The ECB should raise rates this Thursday by at least 100 basic points. Anything short of that would be a total joke...

 

[Juan]

Instagram owner Meta fined €405m over handling of teens' data | Instagram | The Guardian