The Slop Debt (Trillions of Dollars, Money That Does Not Exist) is Causing the Collapse of GAFAM et al
This morning we saw reports of more "Big Tech" layoffs due to "Monumental Debt Excused as "Investment" (in Slop)". This is a bunch of companies that shrink while pretending there is a "boom" and that they're moreover more valuable than ever before.
This is 'Enron' all over again, except vastly bigger (risks magnified by orders of magnitude).
We've since then stumbled upon this report which says "Oracle has drawn up plans for a new round of layoffs this month" (August). They have whistleblowers and they have a good track record.
Also see "Oracle Reportedly Planning Fresh Layoffs This Month" (might be a slopfarm) and some other sites that cite the above.
It is not just an Oracle problem, we see the same at Microsoft, Google, and Facebook ('Meta').
This slop hype will end up like "metaverse", except "metaverse" never ended up justifying trillions of dollars in "investment". █