Tag:

tech bubble

A quick review of my technology (FANG+T) market predictions

About four months ago, I made a prediction that Netflix (NFLX) was about to replicate the cryptocurrency curve in terms of valuation, or more appropriately, overvaluation:

My estimate for BTC’s value is close to $0 (but not exactly $0). NFLX on the other hand at least produces something not easily replicable, so while it may not be valued close to $0,

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Debunking Netflix stock price propaganda: Subscriber Growth™!

My Debunking BitCoin Propaganda series of articles during the boom-and-bust period of cryptocurrencies was relatively well-read, mainly because it takes a step back from all the noise and carefully dissects the loud cheers and platitudes crypto pumpers were using to drown out rational thought.

Considering the accurate forecasting of those articles, … Read more

Goldman Sachs sets the Netflix trap

The pump-and-dump is on.

Back when BitCoin and other cryptocurrencies were ascending to unprecedented and irrational highs, I churned out article after article detailing all the analysis from first principles why the real valuation of cryptos is zero, and not $20,000/BTC.

I started writing about the cryptocurrency bubble when BTC was hovering around $… Read more

Netflix jumps quarterly always on subscriber numbers, but never on profitability and sustainability

The pack leader in this debt-driven bubble, Netflix, made another 8% leap today with glowing media reports everywhere noting that subscriber growth beat analyst estimates in the latest earnings report.

If there’s any indicator big enough saying how much risky speculation is fueling this stock market, it is today’s wall-to-wall media co… Read more

Facebook incriminates itself, but that doesn’t matter when the lawmakers are on your side

Consider it a shareholders meeting.

With Mark Zuckerberg testifying in front of the U.S. Senate in what is looking to be the frontrunning dog-and-pony show of 2018, it is laughable to see the feigned concern of government officials in the wake of Facebook’s antics that include but are not limited to censorship, biased algorithms and selling privacy … Read more

Poorly designed convenience technology strikes again: risk $50,000 to save 5 seconds with keyless car starters

A good follow up to Thursday Thoughts: more reasons not to fully trust technology with your life and Another Tesla Autopilot fatality: man selflessly gives up his life to train AI, the popularity of trivial, high-priced conveniences continues to plague modern society.

People are extending their poor spending choices past the impractical thousand d… Read more

Thursday Thoughts: more reasons not to fully trust technology with your life

Add Panera Bread to the growing list of companies that can’t even secure your basic personal data

Joining Equifax, Uber, FedEx, DHS, Saks Fifth Avenue, and more, Panera was found to be negligent of its customers’ data, leaving full names, e-mails, home addresses, phone numbers and credit card information exposed in plain text off of its websi… Read more

Thursday Thoughts: the promise for more “free” things and the bursting of bubbles

Any politician should be endlessly ridiculed for using the word “free”

“Free” means without cost, and clearly every “free” thing promised by the government comes at a steep cost — the complete opposite of free.

The “free” daycare promised by the current Ontario government which would saddle Ontar… Read more

A new religion is born: are we living in a giant computer simulation?

Very recently, a theory has been gaining traction that ponders whether we are living in a giant computer simulation, not much unlike The Matrix:

The theory of life as simulated reality isn’t particularly new, but due to prevalence of computer technology in our daily lives, many agnostics and atheists attempt to fill their “God of the GapsR… Read more

The pot calling the kettle black Part 2: Tim Cook criticizes Facebook for out-Appling Apple

In a prior article I wrote about a different pot, George Soros, calling the same kettle, Facebook, black, noting the similar approaches of both parties profiting off of propaganda, whether it be through the Open Society Foundation, media and academia on Soros’ end or social media on Zuckerberg’s end.

Recently, Tim Cook has come out in favouRead more