No. His stock has cratered. He’s announced they intend to spend $250B over the next 10 years on metaverse/VR/AR with not much to show for it yet.
That’s due to Jerome Powell.
The world’s richest man is yet to be confirmed as a good businessman. Also, the CEO of two of the largest tech companies in the world is not that smart. How a poor businessman with average at best intelligence could accomplish so much is a miracle.
I love it, Brisket. Keep it up.
A pipe dream. And just moves our dependency to a different, stronger adversary.
I think the solution is more central planning. Specifically, I’m cool with whatever Rep Krishnamoorthi thinks will take care of it. He seems to have his finger on the pulse of the problem in a totally righteous way and will be ready to adapt as his policies change how our economy works.
Long thread from an Austin based crypto tweeter.
TL;DR
DeFi still hasn’t accomplished anything justifying the massive amounts of capital it has accumulated. The clock is ticking.
I don’t know if he’s an Elon fluffer, but he’s far from some right wing stooge.
Kara Swisher is totally not a partisan actor.
She ran cover and claimed she talked to a guy for an hour that literally needs to read words told to him.
She was proven to be absolutely full of shit less than a week ago after trashing someone else that was just being honest.
You don’t need legislation to do that. Just keep hiking rates or leave them where there currently are for a period of time. US 2 year Tbill yield is 4.65%. Compare that to 5% cap rate and everything that goes with rental properties and for sure new purchases will dry up. Or they will start being sold.
Again all this shit starts with the Fed.
That’s an interesting reaction to it being proven that you’re either dishonest, or absurdly easy to manipulate.
This is part of the information war. It’s not this clean, but one side is upset that they potentially lost control of a vital information/propaganda dissemination vehicle. The other side thinks they’ll get a fairer shake. I tend to think Elon will piss both sides off.