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bert hubert 🇺🇦🇪🇺🇺🇦 2 weeks ago • mastodon (AP)

So to mentally prepare for an eventual bursting of the AI-bubble, perhaps this Friday, this is how it went for the dot com boom. There was an initial retraction, followed several partial recovery/bust events, and finally the NASDAQ lost 80% of its value: https://en.wikipedia.org/wiki/Dot-com_bubble

graph showing the NASDAQ index, starting at 800, rising to 5000 in March 2000, then dropping precipitously, recovering somewhat, dropping again, and going through several such cycles until the bottom was reached at the end of 2002, at a value of 2000.

historic speculative bubble covering roughly 1997–2000

^{Contributors to Wikimedia projects (Wikimedia Foundation, Inc.)}

bert hubert 🇺🇦🇪🇺🇺🇦 2 weeks ago • mastodon (AP)

Context: https://www.bbc.com/news/articles/cvgz237n40jo

SpaceX says it’s worth $1.75tn as it targets largest stock market debut

Elon Musk’s space exploration company set a target share price for buyers earlier than expected.

^{Kali Hays (BBC News)}

bert hubert 🇺🇦🇪🇺🇺🇦 2 weeks ago • mastodon (AP)

You can do it bubble!

Marjolein Tamis 2 weeks ago • mastodon (AP)

@bert_hubert

A ninja poking an AI bubble with a stick. He says 'C'mon, burst...'

@bert hubert 🇺🇦🇪🇺🇺🇦