alt Hacker NewsFeb 2021 was peak covid tech bubble stemming from ZIRP. There are a number of companies that hit highs during that period that they'll likely never see again (or for quite some time) despite being profitable.
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SpicyLemonZest • today at 12:37 AM
There are, but there are also a number of companies (including not-particularly-AI ones like Netflix and Oracle) that are above their ZIRP peak. I think it's hard to definitively say that this story is inconsistent with one explanation or the other.
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2021 was when Square pivoted to Block in the great Blockchain pivotting