CEOs who were brought into companies with huge sign on bonuses, stock grants, bloated salaries, and LTI just to cut staff and “revive” a company must be investing in AI companies like crazy with all of their new money. They are selling out the US, the employees and the customers just to make a profit, hype AI, and buy more cattle for their ranch. . They know the BS they are spreading about AI is just hype, and won’t admit that they cut too deep, too fast and Ai isn’t scaling like they scream it will. They don’t care. They are just here for the profit. Yes, CEos like that are true d!ckheads.
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Everyone’s 401K is going to absorb the cost of building out these incredibly inflated AI companies because the index funds are required to buy their stock once their IPO is allowed on the market with approval. When they crash your 401K will also crash. The AI companies will then restructure and the CEO’s will make incredible fortunes after your retirement account built it out for them. The rick will get richer and you will work until you die because they stole your retirement.
All of the corrupt CEOs will be exposed for hyping something that they knew would never last.
When it bursts—and it will burst, like a cheap balloon from a dollar store—all those fake Silicon Valley companies will go belly up. The coders, they’ll have to get real jobs. Maybe they can work for me, building beautiful golf courses.
And as for Verizon? They’ll finally have to do what they should have been doing all along: fixing the cell tower behind the Arby's in Scranton so people can actually make a phone call! It's going to be incredible. We're going to bring back real intelligence—human intelligence—the kind of intelligence that knows how to make a deal. Big deals. The best deals. Believe me!
We all go buy our own islands since everyone owns leveraged ETFs associated with AI infrastructure - and are making bank?
@OP Since you say "when," I assume you're shorting related stocks. Right?
@a4 Everybody and their dog know that by now. He is absolutely useless and even stopped pretending he isn't
He is a caricature of a CEO
Anyway, when a bubble bursts, many conservative investors move their money into utility companies and Verizon is effectively a utility company with a high dividend
Dan will lose his ability to blame AI for layoffs and will have to come to terms with the fact he has no idea what he is doing