• rumschlumpel@feddit.orgEnglish
    0·
    10 days ago

    “for U.S. households”

    Makes it sounds like regular people actually benefit from it, but we all know that’s a fucking lie.

  • darkmarx@lemmy.worldEnglish
    0·
    10 days ago

    And of the top 10, only Meta and Alphabet have a p/e under 30. Amazon and Apple are in the 30s, but Tesla; 260+. There’s no value there. The list is ridiculously inflated. When the bubble pops, most of these companies have no earnings to fall back on.

    These companies are invested in each other, grossly increasing the price, one propping up the next. This is the exact fraud FTX did with Alameda.

    • reddig33@lemmy.worldEnglish
      0·
      10 days ago

      I doubt Apple and Microsoft will be affected much by the pop. They make plenty of money on other products and their AI investments have been an afterthought.

      Tesla will plummet someday because it is vastly overpriced, but their business model has little to do with AI either.