Comment by Zigurd
5 months ago
I would readily believe "Not so well" but there is over a trillion dollars in enterprise value based largely on a cult of an unstable personality. The underlying business has stopped growing which almost always signals a collapse in valuation in high-growth tech companies.
Stock market bubbles that depend on temporary manias about whole tech sectors, like routers or e-commerce aren't that big. If BMW somehow got a valuation of over a trillion and their CEO was behaving erratically and using ketamine, that would be a big topic of discussion.
It's the bomb that could blow a big hole in tech, in general.
> > It's the bomb that could blow a big hole in tech, in general.
It already has in some sense, during the 20 years tenure of Bill Gates at the top of the Forbes 400, myself (and I suppose many other people) considered him the asshole dealer you'd have to bear with in order to get the goods and get high. But with some spells of being the total opposite of asshole and for example allowing piracy for those wise enough to exploit it. Same for however Bezos was at #1 .
This guy is like 1000x the asshole and is not bringing any quality of life to people. All his companies are performance art. 2005 Mercedeses are more durable and better designed than 2025 Teslas, some would say better looking (especialy the interiors) the Self Driving that should have been the first revolution in automotive since the Model T never came about.
SpaceX is performance art too, it's contentious that even African Nations would be better off using satellite Internes such as Starlink as opposed to invest in mobile 5G which has been working real well historically as a strategy when they ditched landline in the 90s
And quite frankly in the developed world nobody or almost nobody needs Starlink.
I for one lost faith in tech and I am trying to enjoy the variety of activities that a human can do today across millions of domains and are possible thanks to the tech progress UP TO NOW, from now on the progress will become less and less exponential . We'll never discover something more revolutionary than fire or the wheel anymore.
It seems like Peter Thiel was right with his theory about stasis in tech but ironically his buddy is one of the worst offender in that sense, even more ironic is that the very big leap of recent years (the mRNA vaccine which solved to COVID crisis) is barely talked about and the BS stuff promoted by Musk and Musk-a-like assholes is flying to the moon both financially and media exposure wise.
Aahh it's no longer worth getting mad about this shit, logging off to test the limits of my new mountain bike, a 300 year old tech that I never mastered though, so it's new for ME and that's the only thing that matters. As for the automotive side I'll keep enjoying my 2005 Mercedes and avoid being fooled by the hype pushed by conmen.