One day the game of musical chairs that is keeping the American stock market afloat like it’s 1929 is going to come to an end. There’s nothing wrong with being a humanoid robotics startup. But a humanoid robotics startup with a market capitalization of $1.44 trillion, with a terrible record of delivering on robo-cars? It’s all inevitably going to come crashing down …
I think historians will look back at this, and the MAGA phenomena, as closely related pathologies and psychotic breaks from reality.
One day the game of musical chairs that is keeping the American stock market afloat like it’s 1929 is going to come to an end. There’s nothing wrong with being a humanoid robotics startup. But a humanoid robotics startup with a market capitalization of $1.44 trillion, with a terrible record of delivering on robo-cars? It’s all inevitably going to come crashing down …
I think historians will look back at this, and the MAGA phenomena, as closely related pathologies and psychotic breaks from reality.
Ahem.
https://www.ft.com/content/c7e23f07-70b3-43a7-8e1d-040ca93d6d90
Microsoft stock dropped 12% today.
In one day.
12%.