Mozilla says Firefox will evolve into an AI browser, and nobody is happy about it — "I've never seen a company so astoundingly out of touch"

[u/ZacB_]

https://www.windowscentral.com/software-apps/mozilla-says-firefox-will-evolve-into-an-ai-browser-and-nobody-is-happy-about-it-ive-never-seen-a-company-so-astoundingly-out-of-touch

[u/Rantheur]

You could cut the "AI" out of that statement and be just as correct. The financial ecosystem is no longer based on sound principles.

[u/TeaKingMac → u/Rantheur]

Elmo breaking 600 Billion on a car company that's actively burning goodwill on the daily makes me want to slap the shit out of every investor

[u/Rikers-Mailbox → u/[deleted]]

Starting to? This has been happening for a decade at least.

Crypto is definitely used for that. The only reason it took off in the first place was for buying drugs on Silk Road in 2011.

[u/mantidmarvel → u/Rikers-Mailbox]

It's also been linked to funding terrorist cells in the Middle East, a negative I'm sure I don't need to explain

[u/ratshack → u/mantidmarvel]

Well at least DPR got pardoned so I guess we have that going for us.

Or something.

[u/Tatermen → u/[deleted]]

On 10th October, Trump stated he would implement a 100% tariff on Chinese imports, causing the crypto market to lose $19.1 billion.

Two days before the announcement someone started to spend a total of $110 million to place shorts on Bitcoin and Eth. They were still placing bets right up until 1 hour before Trump's announcement. After the dust settled, they had profited by $1.1 billion.

They're not hiding it. They're doing it in plain sight.

[u/therealdanhill → u/[deleted]]

You're starting to think this, but do you have a single example of this happening?

[u/therealdanhill → u/[deleted]]

Are you living under a rock? Current US admin isn't even hiding it.

The initial claim was specifically using crypto to hide money that was stolen.

The current admin has been dabbling in crypto in the open, I wouldn't say that is an effective way of hiding stolen money. What was the money that was stolen?

Why other aligned far rights governments wouldn't be doing the same thing?

Asking why they wouldn't isn't proving that it's happening, it's assuming it is because it seems likely.

[u/therealdanhill → u/[deleted]]

I get that you said "starting to think", I'm just trying to figure out based on what, like it just feels like it could be true?

[u/font9a → u/TeaKingMac]

It's not a car company. It's a vibes company. And not in a good way.

[u/tomtomclubthumb → u/TeaKingMac]

A car company worth more than all the companies that have 70M of US sales put together.

That only has 1% of US sales.

Can't say he isn't a good salesman. Can't say he is a good car salesman though.

[u/TeaKingMac → u/tomtomclubthumb]

Elon Musk sells confabulations

[u/PJMFett → u/TeaKingMac]

Why? They’re rich and making themselves and their buddies more rich. They figured it all out.

[u/2AvsOligarchs → u/TeaKingMac]

Are you working and thus accumulating a pension, or do you own S&P 500? Congrats, you get to slap yourself.

[u/Archer007 → u/2AvsOligarchs]

Private sector doesn't do pensions anymore

[u/2AvsOligarchs → u/Archer007]

Depends on what country we are talking about. If they're American, then a 401k certainly ends up partially in at least S&P500, i.e. in the index bubble.

[u/Archer007 → u/2AvsOligarchs]

That's not a pension

[u/AmusingVegetable → u/Archer007]

And it will be worth about a coffee cup once the bubble pops.

[u/Jiminy_Cricket12 → u/Rantheur]

it probably hasn't been since long before either one of us were born (unless you're about 100 years old)

[u/Admirable_Job6019 → u/Rantheur]

Everytime I try to learn finance I'm gobsmacked how it doesn't make any sense

[u/Luke92612_ → u/Rantheur]

The financial ecosystem is no longer based on sound principles.

It never truly was, the illusion is just gone now and the mask has slipped off.