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Sheryl Sandberg is out of Meta
Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?
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Rising Star
The tech bubble from 1994-2001 was much bigger, much broader, and crashed spectacularly.
Pro
I agree with MD1. I was in college and had three interviews on Wall Street as a research analyst and they canceled all hiring when the crash happened. Also I worked for IBM GBS when I got out of grad school in 2006. And I had an older coworker that was with PWC before IBM bought them…and he would tell some wild stories of consulting in the late 90’s to the banks.
Tulip bulbs were hot for a while in Denmark.
Pretty sure they were popular beyond the Netherlands, but NL was where the biggest markets were
Pro
Tulips
Chief
/endthread
The most dangerous thing you can say is, " This time it's different." Of course all bubbles have in common is that it doesn't feel like a bubble until it bursts.
Pro
Beanie babies
isnt there a new documentary in HBO about beannie babies?
This is my 4th cycle 🎉
Just learn to farm. I collect 15k last month and am on pace to collect more this month. This has some risk but it’s way less than trading.
Social media means people can talk about their successes and have it seen by more people.
Cryptocurrencies don't have any inherent value so there are losers on the other ends of lots of those trades. They just don't talk about them.
Chief
Yes. Property in Second Life
Beanie Babies
Dotcom circa 1994-2002. 95% of a companies were worthless yet the stocks were only capable of going north.
Sound familiar?
Rule of thumb: Once something is marketed to the masses (and particularly the older crowd), you’re probably too late to make a killing. Sure, there is still money to be made…but the average boomer watching Matt Damon on a Crypto.com commercial during a prime time football game doesn’t have the appetite for the type of volatility that the early adopters did (and even craved). They’re looking for some upside but not a huge amount of risk.
There will always be exceptions and I’m sure new cryptocurrencies will come along that will make some people rich who time it right, but those will become rarer the more common it becomes.