🔗 What if Ed Zitron is an optimist?
Transformative innovation is priced in to the Big Tech stocks including their legacy businesses, and there’s only so much remaining crime that they can use to fill in the gaps between investor expectations and what they can realistically deliver. Yes, buying a gilded ballroom for the President of the USA will help them get away with more crime for longer, but in the absence of newly created value they can’t keep extracting more and more. The disruption from the coming AI crash could result in a decline in some other revenue streams previously considered safe.
💬 Don Marti