• 4 Posts
  • 267 Comments
Joined 1 year ago
cake
Cake day: July 1st, 2023

help-circle





  • Yh, I’m not for bailing out companies that are “too big to fail”, I see it as socialism for the rich and capitalism for the poor, but that’s a separate debate.

    Tech stocks were a interesting case as they bloated far beyond their actual value during COVID, what happened in 2023 was probably somewhat of a renormalization and now they’re back to business as usual. There will always be peaks and valleys, but I’d be very surprised to see tech stocks fail in the long term.


  • I’m not going to argue that there has been no progress, just that it’s not on the same scale.

    Look at the difference between phones from 2004 to 2014, then from 2014 to 2024 and surely you’d have to agree. We’re looking at huge leaps in tech and innovation Vs much smaller incremental improvements.

    And I’d once again like to state that this is not a complaint, just a point of view showing that astonishing amounts of technological innovation are not necessarily required to keep companies in business.


  • On the contrary, I absolutely appreciate it. I was about 15 when mobile phones first became a thing that everyone owned, so I’ve lived through the entire progression from when they were something only a well to do businessman would have all the way through to today. The first iPhone was 2007, 17 years ago btw.

    When mobile phones became popular, each new generation of phones saw HUGE improvements and innovation. However, the last ten years has pretty much just been slight improvements to screen/camera/memory/CPU. Form wise and functionally, they’re very similar to the phone of ten years ago.

    I understand that some technophiles will always be able to justify why the new iPhone is worth £1600 and if that’s what they want to spend their money on then good for them, but I personally think that they are kidding themselves. Today you can get a brilliant phone for £300 or even less.