I mean stuff like Meta, crypto and all that obvious scam shit that rich people seem to be diving dick first into lately.
Zuck supposedly spent BILLIONS on Meta, and when you look at the result, yeah, it's clear that the money wasn't being spent on the actual product. So where did that money really go?
Or are billionaires just really that bad with money and ideas?
Something is sus about just how stupid with their money they've become. I mean, they were always stupid, but when you have that much money and power you have to be a special kind of inept to do what Zuck and Musk have been doing to their companies.
I think it's chasing the dragon.
Financial miracles happened in the late 90s and early 2000s and the people that peaked then are still chasing that dragon, expecting to do it again and again.
Yep, I think this is the right answer. They're all just elaborate gambling schemes. These companies lucked into billions of dollars by just happening to be among the first movers in a few things that looked weird and niche, but ultimately took off. They're obsessed with chasing that experience again, and are willing to throw hundreds of millions of dollars at the dumbest fucking shit you've ever heard of, just on the off chance that it's the next social media. Their business strategy is to use their incredible capital power to try to be the first mover in every single space in the hope that one of them is the thing that will make them all trillionaires. In addition, they've all convinced themselves that it wasn't luck but rather their Very Special Market Genius that put them on top, so they think anything that seems like a good idea to them is just bound to be a hit with the masses.