You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan?

[notsoloud@expressional.social]

@lexinova
UK had a rail mania right after the invention of the railroad, then the bubble burst.

Railroad became very economically important but many companies from the first wave weren't around for that.
@sarajw @marco @nixCraft

[zbrown@floss.social]

@synlogic4242 @nixCraft this just in: person has name common in their culture

[shadsterling@mastodon.social]

@mvrenselaar @nixCraft lies.

[gullevek@famichiki.jp]

@nixCraft Very smart to fire the people who build your product

[infosec812@foojay.social]

@violetmadder
Larry Ellison and Oracle are not making as bad of a bet as some may think. I suspect there is a bailout waiting in the wings from the Trump administration. Yet more waste of taxpayer money.
@liquor_american @rotnroll666 @nixCraft

[rytmis@hachyderm.io]

@nixCraft

Specifically _other_ people’s money, too. What was that Thatcher quote about socialism again?

[antopatriarca@mathstodon.xyz]

@jordgubben @nixCraft It still looks like madness to me. Banks has been cautious for some time now as they already invested a lot and the companies do not seem closer to give the money back (with maybe the exception of Nvidia) and continue to ask for more. Banks are not as irrational as the stock market. And this layoff will apparently only give Oracle a 10 billion cash flow when they needed 150+ billion. I don't see how this help achieve their goal. It surely doesn't help convince banks and the cash flow is still much lower than needed for the planned expansion. And they are laying off the people who may help develop their products. But I suppose big tech is now convinced they can survive by using AI to build everything.

[jordgubben@mastodon.gamedev.place]

@antopatriarca Was there ever an (actually achievable) goal in the first place? Or was it always ’cool toys’ spinning out of cost control?

If in the end the eventual burst of this bubble takea a few tech giant things down with it, then perhaps that’s the best outcome we can hope for.

Going to hurt a bit while all who’d made themself dependent on products and services no longer maintained migrate to smaller (and hopefully open source) options though.

@nixCraft

[antopatriarca@mathstodon.xyz]

@jordgubben @nixCraft With goal here I simply mean building the data center. But I certainly agree with you this is just speculation and trying to get as much money out of the bubble as possible before it eventually blows up

[tijgertje1987@mastodon.online]

@nixCraft
I just hope that it mainly the economie of the USA is what is going to be wrecked.

They have destroyed the world economie often enough now with their dumb behaviour.
Like every 15 years

[amt@hachyderm.io]

@nixCraft Does that mean Warner Bros Discovery wont be sold to that dipshit's son who is a bigger dipshit? No more bank money to give as pocket money.

[mlanger@mastodon.world]

@nixCraft @User47 Is this the start of the bubble burst?

[user47@vmst.io]

@mlanger @nixCraft sure feels like it. This, plus Blackrock limiting withdrawal in its private equity arm, klaxons must be ringing somewhere

[b_cavello@mastodon.publicinterest.town]

@nixCraft I don’t feel that confident, but it does seem like a real possibility

[fenixmaster@mastodon.social]

@nixCraft En wat dacht je van al die copyright rechtzaken die worden aangespannen na het ongevraagd kopieën van boeken en teksten.

[kaito02@mastodon.social]

@marco @nixCraft if they're working for a toxic company like Oracle anyway, maybe it's a good opportunity to move on

[wooshell@chaosfurs.social]

@nixCraft If Oracle were to die or split up thanks to AI, that would a be a fair, if late, punishment for killing Sun Microsystems.
Me, holding a grudge? Nevarrr!