THE PREVIOUS post had a little video about pyramid schemes, but this one is better for those who are not familiar with imaginary assets, much like software/BM patents and bad mortgages, even 401(k).
Apologies for steering a little off topic. A detailed analysis worth reading, especially to those who have not read it yet, seems almost prophetic these days. It related to topics that we cover.
This situation is not about stock valuation, product quality or whether or not Microsoft has monopoly power in its markets. Nor is it part of a pro or anti-Microsoft movement. This situation is instead a shining example of financial fraud and corruption enabled by bad government policy. If not quickly and aggressively addressed, we will all be losers as credibility in our financial markets is destroyed.
The more things change, the more they may stay the same. ⬆
Many sites will go offline and many social control networks will shut down once they realise or even openly admit they spend money and time gardening a bunch of bots and slop
it would rightly seem like the era of centralised "social" sites (they're not social, they're about controlling the users) is ending, not overnight but gradually
The next few years will be interesting because if Microsoft lays off tens of thousands of workers each year, there won't be much left except mountains of debt and dying brands
