alt Hacker News> no expectation for companies to succeed or to turn in profit in the US, and hasn't been for over a decade.
It's been a lot longer than a decade. The initial dot-com boom was nearly 30 years ago.
It's very much institutionalized at this point. And the US continues to produce the most valuable companies in the world.
The US continues to produce "most valuable companies" by the absolute non-sensical value called "market share" and "market capitalization".
Menawhile almost every single of those "valuable" companies are either actively harmful, or keep offloading the effects of their operations onto society.
Prime example: Uber lost 20 billion dollars, will never get them back, and offloaded all the issues of gig workers on workers themselves, or the society. It's "value" (market cap) is "175 billion dollars" (it's not)