• givesomefucks
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    6 hours ago

    Lol, tech companies don’t have to be profitable…

    The product is the stock price. Being the “biggest” search engine, means people buy your stock driving up the price. Soley because they figure the biggest search engine is making tons of money.

    Back in the day being profitable meant the stock went up, we’ve just skipped that part now. The numbers always go up, and the amount they go up is literally just based on vibes.

    • Rothe@piefed.social
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      2 hours ago

      Well, that is because of the AI-circlejerk bubble. At the center of that is Nvidia, so hopefully those days are over.