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TacticalCoderyesterday at 3:09 PM1 replyview on HN

And capitalism also works with crashes taking unprofitable companies down. And frauds, eventually, gets companies valuation like Enron and FTX to zero. And people go to jail.

Now I'm not saying OpenAI or Anthropic are frauds. What I'm saying is that, eventually, things revert to what is just.

The late 90s SV tech-bros behind pets.com or webvan for example faked it for 18 months to 36 months or so. At some point when the expenses outnumber the revenues, capitalism does its thing.


Replies

arisAlexisyesterday at 6:44 PM

Yes and since there is no fraud there is no reason for this panic they know what they are doing