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Cake day: October 6th, 2024

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  • They behave exactly like black mold. They start coalescing in some adjacent space and suddenly BOOM. Online storefront, starts hosting its own servers, that becomes part of the business. Starts building out warehouses, that becomes part of the business. IoT things that run on their servers, then cameras, gobbles up Blink. They even had a pilot project for restaurant delivery, we’ll probably see that again once they can tie it into their parcel delivery fleet



  • My only guess is that they’re trying to prop up investment in tech/semiconductors so as not to be left behind. That high growth stuff is really sensitive to lots of things including inflation/interest rates because a big payoff in the future that is eroded by inflation isn’t nearly as appealing as a big payoff with future currency having the same value as currency right now, that kind of thing, discounted models and all that hooplah, next thing you know everyone’s rotating into consumer staples, dividends, those kinds of safe havens where the money comes sooner and more consistently

    Edit: perfect example probably COVID, US Fed rate target was 0.05% in April 2020 and a lot of people might recall tech stocks being on an absolute rampage afterwords (also due in part to stay at home Zoom stuff but still)

    Double edit: and if I’m right in my hunch I think most people aren’t accurately assessing geopolitical risk for western semiconductors/tech (Taiwan sits in that basket). I mean, if they’re thirsty for dominance they’re thirsty for dominance