FediThing Jun 22, 2024

The worst kind of tech hype is when something is portrayed as inevitable and unstoppable, with criticism or doubt blithely dismissed as "they don't get it".

Just because a giant tech company pours vast amounts of money down a toilet, that doesn't mean the toilet is going to start spewing gold coins into the air.

#Hype #Tech #TechBros #Journalism #TechNews

Show threadOrthiaJun 23, 2024
@FediThing When I would talk about the Metaverse being a pile of shit I would literally see comments telling me "but Meta are pouring Billions into it". Same with NFTs, Crypto....

People either don't learn or we have an unending supply of idiots.
Show threadFediThing 

@Orthia

Yeah, that's the most concerning thing. The "google plus is here to stay" article claims that it must succeed because Google is pouring so many resources into it.

Maybe some people are so convinced by the wisdom of markets, they cannot comprehend the existence of bubbles?

Jun 23, 2024 at 10:18pmWeb
Show threadSamuel LeuenbergerJun 24, 2024
@FediThing @Orthia Or maybe the people behind these projects understood the sunk cost fallacy but not the journos reporting on them...