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863 points IdealeZahlen | 1 comments | | HN request time: 0.74s | source
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jongjong ◴[] No.43719241[source]
The most surprising thing about big tech is that most of them seem to be less useful than ever and yet they are making more money than ever.

For example, it seems like nobody uses Oracle products anymore, yet Oracle stock is at an ATH.

Microsoft Windows is less popular than ever and yet Microsoft stock is at an ATH.

Apple peaked years ago and yet ATH.

Does anyone still use Facebook regularly? FB stock is ATH.

Something doesn't add up.

replies(3): >>43719332 #>>43719474 #>>43719716 #
1. disqard ◴[] No.43719474[source]
> Something doesn't add up

The economy moved away from being founded on Marx's C-M-C to firmly being fixated on M-C-M' which in plain English, means "We now use Money to make more Money, leveraging Commodities as an intermediate step. The Money is all that matters, not the social benefit/harm" -- IMO, that helps explain why, even though many people are suffering financially, the market is at an ATH.