this post was submitted on 10 Jul 2026
748 points (99.0% liked)
Technology
86249 readers
3739 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Railroads were not made or built by a bubble.
Amazon did not invent remote shopping by mail. That's been around since 1800s. They weren't even the first website to do that.
and loans and interests are abstract concepts that have existed for millennia so I don't know what you're talking about there.
Bubbles and speculation don't create wealth, new tech or products. Like what aspect of bubbles are you trying wash here? They're bad for everybody except for the few rent seekers at the top.
Yes the railroad was a bubble. A ton of people lost money in that investment.
Amazon was a bubble, it lost 92% value when it popped.
Bubbles don't create wealth, i agree
The housing bubble lost people a ton of money that that investment, and people also lost their pensions when the Bible popped.
A bubble is when people start heavily investing in a product to the point it's a losing bet because that sector doesn't need the money, or can't produce the returns bubble investors are looking for. So when the AI bubble pops a lot of people will lose money, but the product will be here to stay because of the investment.
My point is that when a bubble pops the product is here forever, where most people think a Bible popping is the product is a failure and will disappear.