The "Media" Does Not Only 'Miss' Mass Layoffs
Yesterday: The Scandal Bigger Than IBM/Red Hat Layoffs is the de Facto "Media Blackout" About Those Layoffs
Earlier this month: 2026 Microsoft Mass Layoffs in So-called 'AI' Datacentres, Why Doesn't the Mainstream Media Cover The News?
Today:
Looks like a pyramid.
Hours ago:
Techrights posted an image of the US debt - its latest snapshot - just hours ago, noting that even before the oil crisis borrowings were spinning out of control again.
For decades already - probably since the 1990s - Wall Street (and pension money which shouldered it, among other "speculation" or deeply speculative/overly optimistic factors) was in effect like a giant Ponzi scheme with a nice story to justify fake valuations all across the board. Right now we see lots of storytelling about "hey hi" "efficiency". Never mind if efficiency is decreased when people lengthen/saturate with slop, then abbreviate with slop, so lots is lost in translation, including reliable information. It's a waste of time and energy, it's unscientific as well.
As usual, when exiting a pyramid scheme (technically the same thing as a "run on the bank") those who run first take all the "Real Money". The rest have scraps or "Created Out Of Thin Air" 'funny money'.
From what we've heard, many so-called (rebranded as) "AI companies" began paying their workers in fictional money or "hey hi tokens" or shares in their own worthless companies (that helped inflate their fictional "worth").
This will not end well. █
A year ago: No, Microsoft Does Not Invest $80B in Hey Hi (AI), It's Just Full of BS, Lies, and Over $80B in Debt (the debt has since then eclipsed 123 billion dollars)