It's not collapsing, it's getting back to the pre-pandemic levels. They made tons of disposable money during that time and now they can dispose of the cash and staff alike. They won't lose, not yet at least.
I recommend you check out "Salty Cracker" on youtube who I think is streaming soon as of this comment, usually streaming Fridays and Sundays and you'll be surprise whats going on with the US.
My sister picks grocery's for Walmart. They are actually investing more employees into picking items for online orders than people into cashiering. They don't want you in the store anymore, they want you to buy it online and wait in the parking lot, it's almost like they would rather be warehouses. Very frightening to think that one day we might not be able to access food without technology.
Brainwashed little monkey. Its frightening that the only way moat people get food is by walking into a brightly lit metal box filled with brightly packaged food from all over the world, music and cctv face tracking. We're already fucked!! I'm going to feed the hens...
Someone should make a Black Mirror episode about a family that's starving, because they've been banned on every super market website for a politically incorrect remark their teenage son did on facebook.
Walmart is also really annoyed with shoplifting, and the whole people of Walmart experience is disgusting, mostly because Walmart doesn't crack down on crazies. So the answer is order online, because it's literally the best for everyone. You avoid the mouth breathers spreading COVID, plumbers crack, homeless wanderers, camels toe whales, people asking you to grab items for them or whatever, the guy who doesn't bathe, etc. I agree we are losing the store experience, but if society isn't willing to crack down on the filth ruining it like California, well normal people will have to find work arounds. I think one idea that could save Walmart is forcing all old people and disabled to use online shopping, give them free Walmart+ accounts. If they're not in the store ruining the experience for everyone else, it would make more sense to actually shop in store.
@@JohnDoe-ip3oq I can agree with you to an extent, I personally have only had one bad experience at a Walmart. Considering I've shopped there semi regularly for as long as I can remember, it's not all that big of a deal to me. My city has really gone downhill these past few years and I still haven't had any issues, so I'm sorry the ones in your area are shitty. I reference specifically Walmart, but the only 2 grocery stores in my area that don't do pick up are Aldi and WinCo, which a lot of cities don't have anyway. I feel like these companies are just using issues like shoplifting, the customer experience, constantly rising prices, and card-only registers to exert control over food. Id rather be around the person with their ass out than be forced to use apps and accounts which my information can be stolen from in order to purchase food.
We are not creating tech to benefit humanity. Tech is thriving for pure profit. Not to mention things are more expensive and salaries have not been increased to compensate. It is all a downward spiral.
"public companies are making profit" you understand that because of the nature of it being a public company, the board of directors has a legal responsibility to maximize returns for all shareholders, correct? it is literally their job and they have legal repercussions if they do bad. also saying tech doesn't benefit humanity is so stupid. what device did you type this on? what platform are you commenting on? both of those are made, manufactured, and programmed by public companies for a profit.
Games are collapsing... I been a HUGE gamer for about 30 years and I recently slowed down to almost a halt. Nothing is finished anymore. If I'm going to spend my money on something unfinished I might as well be the one to build it... Race cars are my new obsession. Why? Because I can guarantee I'm getting what I paid for and then be able to admire my own progress in life.
ya, this is the first time i didn't buy a single game on steam during the holiday sales, nothing on sale appealed to me, even when 90% off, like i probably wouldn't finish playing the game either, in many cases because the story starts to fall flat half way through or it's like you said.. they're unfinished games that either get patched to a somewhat finished state years later or they're given up on, i'm just so done with this.
@@orektez I been forcing myself to try to find something that is good AND finished for years, but I can't. The last good games in my opinion were released in 2008-2010. Recently it's been remake on top of remake of games I played 10-15 years ago or just some unfinished unplayable mess.
The tech boom in 2008 saved the economy, less people can afford the services they provide but the biggest irony is that the more businesses cut costs the bigger the problem will be kinda like a hydra paradox since employment levels directly affect consumer trends. The west can't handle this as they have relied on industrialisation and mass marketing for so long that not as many people are as self sustainable as in Eastern Europe and Asia.
my dudes, I give raises and my budget was so low for my team this round, I cried. It truly messed me up. We need to get on Congress to get to work. They deflect to the WH waaay to much.
Consumer choice is the single most important form of market regulation, full stop. When governments protect companies from competition, whether with finance or legislation, they're actually DEregulating.
The problem with most of these organizations is being top heavy, too much management and not enough people actually doing work. Meetings about meetings, impromptu meeting about useless stuff etc
Not only that, but people are sick of being trained for these jobs only to lose it due to instability only a few months later, you go through a month of training only to be laid off. There is no security in any position anymore. They train employees only to replace them with more trainees that have equally no experience. it’s such a self destructive cycle.
We are all in on the joke... At least from my perspective as someone who has worked in tech for a while, people with experience have become better at sensing when we're in a bubble. It's happened many times over the past century in the market in general (and not just tech).
What do you mean overvalued? Compard to what? Microsoft, Apple, Amazon, Alphabet(Google) are incredible influential and unless you live with no technology or live on another planet you'll use one of these companies tech daily
I agree and disagree with that TH-cam is one of the best social media platforms but that is for another time. I do really agree with the active disregard for the well-being of the customer from bigger companies. The main one is Gacha! systems and also FOMO. Literally companies will hire people who specialize in how the brain works to get more from their customers with these tactics. I also think it's active disregard for some staff as well because due to the pandemic, people will do anything to keep their jobs and those companies really cut down on their staff earnings.
@@ayoCC TH-cam also uses machine learning to corral conversations so people only see what you're allowed to see. It's actually one of the worst for that reason alone.
The video misses the part where the Repo markets pumped BILLIONS of interest free money into the market weekly during Covid. And now, that money is being cut back and interest rates are rising which is why 2020-2021 had all-time high records for the stock market and now 2022 is having a huge drop off. The rest sounds nice but you have to ask -- Was there a reason these companies increased 2-3x the past few years?
i was wondering WHY the video Asmon is watching is so off to me. I now remember this guy making a fear-mongering video about Discord, that i don't care. I sadly watched that video, and I wished I watched grass grow instead of watching that video. L for me
Here's my personal experience. We had decided to get a minority hire sales director who knew nothing about our industry or knowledge of how to make appointments with C-level tech leaders in large businesses that did over 1B in revenue. As a result our sales team suffered, and instead of getting rid of the director who made 200k, we got rid of 4 BDR's who made 50k each, who were actually doing things (setting meetings with prospects). Middle management can quickly destroy an organization.
@@M1ndTerror he's an Andrew Tate simp. Of course he's triggered by the guy (I assume he's a guy, if he was wasn't he would've mentioned it, guaranteed) being minority. Never take what !ncel naz!s say at face value. Upvoters either got bamboozled or they're fellow cultists.
@@sojtus8681 not sure if you're aware but it is possible to fulfill diversity quote with qualified minorities. From my experience when a company hires an unqualified person, the person who hired them is at fault for not vetting properly. Can't really be upset at the person for not knowing the job...they were hired lol 😂
Big tech companies keep having issues because they keep making blatantly bad decisions and refuse to pull out of a bad choice. Meta is the best example of this. If when Meta was first mocked they backed off their stock would be substantially better off. Not the only reason for these issues of course but it is a massive reason
Growth companies have traditionally had tough times when interest rates are raised. Since valuations of growth companies are made based on their anticipated growth (which was often achieved using debt), when interest rates go up, it's expected that companies will face headwinds in the short term. That's why valuations have come down. I wouldn't read too much into it. Twitter and Tesla notwithstanding, tech companies are still making plenty of profit. They are just trimming down the less profitable parts and going lean in anticipation of lower expected growth in the coming years.
While the assessment that monetary policy is responsible for these valuations is entirely correct, I wouldn't underestimate the extent to which the entire data-based fairy dust make-believe economy is all too reliant on that as a whole for these profits to hold up against indirect influence from market conditions, should the Fed not pivot. Profits do not happen in a vacuum. They are just as subject to incentivized careless spending as everything else.
Its a very wish washy way of saying its not going to go under/bankrupt anytime soon. Though I find it hard to even look at the charts without looking at the last 5yrs to see whats been happening. The Federal Reserve has only started increasing rates to curb inflation and theres already some people in pure copium buying in the market thinking it will bounce back like the last 2 yrs. You are right big tech isnt going under and more so investors problem, HOPEFULLY any tech companies have strong leadership and not caving to shareholders. Though I have my doubts with anti-consumer tactics in WotC, subscription payments for software while removing one time payment plans.
We were told the world was over in the 90s b4 I reached my teens, we were told the world was over when the Cuba missile crisis happened , the apocalypse has been coming for forever.
As a parent myself, I can assure you, we are all terrified of social media. We struggle with what we should do. We're the first generation of parents than have to deal with this shit. My parents, now the grandparents, don't even understand what I'm worried about. They tell me I'm freaking out over nothing, that it'll be okay. Regarding what to do: If you simply take all social media away, your kid will be an anti-social loner, but if you allow everything, they'll be easily manipulated into all sorts of trouble. The trick is finding the middle ground, how far do you allow your kid to go, etc. And I'm saying this while still not knowing what the answer is. Personally, I think kids under 10 shouldn't be allow on social media at all... Once they get to 11, then things get complicate... My daughter is still little, only 7yo, so I still have some time to figure it out. But my wife and I have already chosen a school based on the fact that they don't allow smartphone in school, period.
At this point, video game addiction seems like a much better fate than tiktok and social media addiction that many of the latest zoomers face. In a way, games facilitate some personal growth as a person, you can find so much more value in games in contrast to fkin tiktok scrolling xD.
Facts. I'm not a parent but I'm 20 years old & I'm glad that my parents didn't allow me to have a smartphone til i was 16. I can imagine that if my parents didn't do those limitations on me I would be an NPC right now filled with hate
I'd be 100% on board with age restrictions for social media or smartphones in general. Can't give me many good reasons for a 12 year old needing more than the ability to call/text
Positively surprised that he made sure to talk about data having to be adjusted for inflation. There's a book called "The Competitive Advantage of Nations" by Michael Porter which was written in the 1980s. It does a very good job of explaining the interdependencies between companies, governments, markets and random events. There are also many great books on decision theory and consumer behaviour in general, which explains a lot about why businesses have changed their business model and how society as a whole changes through behavioural trends (basically informing random events). You could also look to resource theory for that, but all of this is in general a very important and very complex topic that will affect and has affected generations.
We don't use the term collapse. It's called a merger. Kind of how one animal will merg another dead animal into it's mouth. Although in relation to people with economic problems, with an overwhelming majority of control being inherited instead of earned. A thoughtful and intelligent restructuring and redistribution of labor ( all the people being laid off across the nation.) seems highly unlikely. And I would expect local officials and authorities to offer a more Canadian or Chinese solution of labor redistribution. Where we cut back on people by merging them with the ground. Either through hunger or government oversight.
I called someone a rocket and got suspended for 2 days. Like a month before someone told me I shouldn’t be allowed outside because of my disability and they did nothing. Fuck Facebook.
They've just become too desperately greedy. Starting to put fast money over any possible long term survivability. That together with the myth of 'Too big to fail" most of them have convincend themselves of.
I dont think its collapsing, its just no one makes new good products anymore in those big companies. they make exactly the same thing over and over and charge more, like intel did for years, and might start doing again judging by their new products.
Large portion of the population spends 100% of their yearly the last money they have to spend the last money there is in economy so then there's an economy downturn when there's hyperinflation social security is a safety net that hasn't gone up in a very long time needs to go up the majority of the population needs to make more money hyperinflation needs to stop basically stopped giving CEOs everything they want
Why is everyone missing the fact that during pandemic there was a huge bubble due to free money? Compare things with pre-pandemic levels if you want more relevant data. Finally, evaluating a company solely on market cap is stupid... No company is actually worth their market cap. Market cap = current stock price x no of shares You could have a sharp increase on stock price driven by a few people, that doesn't every single share owner values their share at the same (peak) price.
The Chinese government is litteraly the one that started regulating their own companies the most over the past few years so Idk w the guy is talking about in the video they were litteraly dismantling the tencent monopoly on the music market in China, when there was supposed to be a merger of the two biggest streaming platforms in China the government stopped it, to prevent a twitch like monopoly It's also interesting how China is definitely the most competitive smartphone market where they have many options for good phones unlike in the US, it's also the most competitive market in the EV space, Tbh the Chinese government is still not doing enough to regulate the companies, the competition is just insane over there and many times it's also really underhanded to say the least, (especially when Tencent is trying to unsuccessfuly shoot down mihoyo), And how would TikTok being propped up by the government help, people are using TikTok more not because China told them to but because they like it, TikTok is growing because they have a product that people currently want, there is no way the Chinese government is somehow magicaly propping up demand for TikTok, like how the fuck would they do that?
It's a brainwashed westerner who thinks anything chinese is evil. The "I hate the government not the people" line is the new "I have a black friend i'm not racist" mask these people have when they wanna do a veiled racist attack on "da chynese"
Getting rid of kids on social media, or at least so free of review a social media as it is now, would be amazing. You hear the dumbest things every single day, the effects as you said are pretty harsh. Hell my sister said she would not let her daughters have at it till way older.
I'm glad that my parents withheld social media from me. Heck, the only reason I had an email at 10 was because I was chatting with my sister on MSN messenger while she was at college! XD
I am trying to mentally prepare myself for this video, as someone who came from a really poor family I decided to go into debt to have a chance at gaining employment with one of these big tech companies. 3 years later and now this shit! lmao all my life I felt like I had bad luck but good thing I am a very optimistic person. Although that sometimes comes back to bite me in the butt. Anyways here we go 😢....
The tech industry is doing great, speaking as someone with years spent in the industry. You just need to stop hyper-focusing on the big 4. These companies are heavily overrated by graduates anyway. Like they're great jobs, but have plenty of downsides. Once you stop ignoring the rest of this massive industry, you'll realize that you have tons of career options as a dev.
my man these companies are not going anywhere. they're reducing headcount because they've exploded in employees over the last 3 years. in a manner that's disproportionate to revenue growth. amazon for example more than doubled employee count since Q1 2020. these companies aren't going bankrupt and are continuing to grow. you're panicked about a video made by someone who has no idea what they're talking about as it relates to financial markets and especially not the fundamentals of the mentioned companies.
I’m a new MBA and if you have coding experience, this will not affect you. People like me are getting cut this round of layoffs (albeit I’m in a different industry, but every company in this video except twitter was recruiting up to December break for people with coding experience). The coding headcount will recover much faster than people like me.
@@yt_nh9347 I agree with your view of them, but I called the companies overrated because in my experience pretty much all the graduate devs I've talked to have treated a job at the big 4 as the ultimate goal and pinnacle of any dev's career. It's really not, and you're right. They pay great and look excellent on a resume, but the jobs themselves are not all that. The "perfect" dev career would probably see 1-4 years spent at a FAANG/MATANA/whatever company before moving on to better things with a nice pool of stocks/savings and a great resume.
the advertising is so fkn toxic, all media has descended into propoganda, we have to come to people like Joe Rogan, News without the B, and even Asmon. boycott TV, Boycott Hollywood, boycott censorship.
@@michaelh878 Actually you're right, I just checked and it was two months ago (Nov 03). Even still it was $89.25 when I bought in and now it's over $134...same difference.
Not Exactly Video Game's May have Progress Far but That's not the only thing Computer's can do they could make Better Car's or even make Cyborgs Or Android's Or Another Form Of AI And Part Computer Part Human Could Be the Cure to Death itself Computer Technology could make Us Like Darth Vader Where We Could Live For Centuries or Even Millennia We would be immortal If that Long of Year's if that's Even Possible don't think People won't try to Cure Death With Computer's Because They Definitely will Asmongold the Going to Hell or Heaven wouldn't Matter Because Death would be Conquered So Mankind would no Longer Need God that's Something Crazy to Think about
@0:25 Asmon, yes "they" (investors in Meta) had 1 trillion dollars equity at peak...2.6 billion shares issued at 379 dollars each...It's not the same as when Mizkif 'valued' your org at 1 billion, and just made it up...this is real, publically traded business...Not like in 'private capital market' world where you can sell 10 to 40x revenue, nope, this was actual real dollars invested in the company
VC's are all about what is the potential. If you can convince them the upside is big enough, they are then more willing to bet on details like does it actually work, somehow magically sorting itself out.
You’re completely off base. You’re dealing with copious amounts of money. If the market or buying power changes slightly, it means billions in difference between valuation because of the value of advertisements due to overall purchases (excluding meta because that was an expensive passion project not gaining any revenue). It really doesn’t have much to do with inflation. Also, yes the bubble popped, but it’s a cycle that will recover
We need to ask the question. IF videos are being demonetized for what TH-cam DEEMS as promoting violence or whatever. Then where in the fuck are the money on the advertisement I see on those videos going? The advertisement is still on a video that TH-cam deems inappropriate right? They still put it on there despite promoting ads for it right? And if the TH-camrs aren't getting paid for putting adverts that aren't even being paid to them. Where the hell is the money going? Follow the money.
As someone that works for one of these well known fortune 500 companies its not really a sector thats collapsing. Sure there have been large layoffs due to bloat and over hiring during pandemic ... in other tech companies they were just going after frivolous ideas and started cutting out all those teams. Thankfully for me and my role in tech its very unlikely myself or my team would get cut unless the entire company went under. My company already went through a massive layoff and my team was unscathed as we are so small and touch so many areas needed by other teams. Even then without trying I get so many random recruiters on linkedin trying to hire me from other tech companies I'm honestly not worried about job security if I eventually get laid off one day anyways. Obviously its not all 'secure', some tech companies will implode while others will thrive once interest rates go back down and we get out of this recession phase. But I've always been an absolute hermit and frugal person so I still live dirt cheap despite the 'standard of living' most in the tech sector at my pay grade live. I mean I watch Asmonggold videos for crying out loud lol. I only care about video games outside of work for the most part lol, I ain't got any expensive hobbies really once the pc is built or consoles are bought, I barely even buy new games becasue I don't trust the AAA game industry anymore lol
In a similar situation. This video is a bit of fearmongering. The tech industry has been on a tear for about a decade and placed some huge bets on future growth and speculative technologies. Many of those bets haven't paid off and now the industry is pulling back. This was the standard for tech prior to 2010 - the current layoffs feels more like a return to form than a grand collapse.
@@SuperNovice007 Yep. Also I am well aware regardless of how secure a job position is there is of course always a chance you can get let go. But I'd say anyone in the tech industry long enough your are being smart with your money and (hopefully) saving a lot of it. Thats at least what I am doing so when an eventual downfall comes I'll fine for a good while. My largest goal is to eventually retire early if I keep living ultra low cost and then whatever happens to the tech industry it won't matter for me anymore becasue I won't be reliant on a full time job anymore. So even if all the fearmongering turns out to be even partially true I've been planning for the worst while hoping for the best for years already lol
@@SuperNovice007 Yeah, a lot of people are panicking over things they don't understand with regard to this. I'm in a similar situation, and I had relatives calling me up asking me if I still had a job, and I had to explain that a lot of these 'cuts' were on things that were based on pandemic projections continuing to go up, and were effectively things that got canceled when it became obvious that coof rates weren't going to continue.
youtube is about to require people that get their videos demonetized to Pay back the amount made.. it might even happen retroactively to all of their content like what happened to RTGAME with all of his videos getting age restricted, imagine someone like pewdiepie having to pay back everything he made. i think soon it'll be all over for youtube too.
The biggest problem is government overspending which causes more printing of money since thats how they get the money. Every time the government passes a spending bill thats over the total tax amount they get every year it causes more inflation since they print more money to pay for these spending bills since the populus isnt taxed enough to pay for these bills not that im saying taxes should go up because no they shouldnt. Both sides have ignored the debt crisis for 40 years now and the pandemic spending was so much that its caused inflation way more then the usual 3% from overspending. Everyone in D.C. needs to be fired and replaced. Personally idc how and who gets it done anymore thats how desperate I have become and I suspect others have as well.
I'm glad this guy's channel is called moon because he always presents factual information and then draws conclusions from it that can't be based on anything earthly. This video is rare form for him where he kind of makes sense 🤣
Chinese companies can always claim that they are not in anyway cooperating with the government, which is true. It's just that the law gives the government full power to investigate, meddle, and direct companies when they choose to. This is the model of Socialism with Chinese characteristics AKA authoritarian state capitalism.
It also has to do with people slowly waking up and realizing that big tech doesn't want the best for you . Also the fact that they've been proven to be completely biased
Yeah a lot of people are unplugging from a lot of major tech companies. Because of the reputation of Twitter no one wants to be on Twitter and everyone not on Twitter hates Twitter users. It’s own customer base in this instance is a poison. When Elon first came on people signed up purely to troll during its destabilization. Apple price gouges its products and theirs plenty of cheaper alternatives. Microsoft has done so much I don’t know where to begin. Big Tech thought they were too big to fail.
Why are minors on social media? That's a good question. The problem is the line between video games and social media blur sometimes. Are we going to say kids aren't allowed to play Xbox live anymore either?
Revenue collapsing in big tech??? Maybe I am wrong but I dont know a single big tech company wich declined in revenue this year let alone "collapsed". What a joke of a video
The investor thing, its not so much that they dont understand what it is that they are investing in, they dont, but they are so rich they can put millions into hundreds of projects on a whim and one or two take off and they have made their money back, possibly more.
I am engineer, I am getting rejected by companies, it does not matter if they are big or small. But they do keep telling us that they do need engineers.. Find the error.. 😂🥳😏
you know all these people loosing their jobs are al collage grads. went to university with promise of high paying tech job. now in debt with student lones with no job security...
Asmon’s “personal censorship” idea sounds like an echo chamber. Road to hell is paved by good intentions. I think it would better for people to see the stuff they don’t want to see, and learn to live with it rather than ignore it. Sure, people have the right to be fat and drink alcohol. But these things only harm yourself. Ignorance has a high tendency to hurt the world. Or am I wrong?
Maybe if they focused more on their business and less on identity politics, then they wouldn't be in such big trouble right now ( on top of ) the recession. I don't watch movies or play games to learn about (identity politics) or (politics.) I do it to escape that shit. (Everyone's) OR most everyone, is sick of that trash and the numbers show it across the board.
I am sorry, but this videos is just STUPID. The moment he said "they have all seen massive revenue drops" when he talks about the stock price falling, it was clear the guy has no idea of anything :D
Stocks are almost as disconnected from values as NFTs are. This is all ultimately a result of the Federal reserve making money artificially cheap (and it's made yet cheaper for the stock market by state incentives for people to invest retirement money there).
all of these companies will continue to grow revenue at a respectable pace. the one most concerning is meta. advertising is cyclical and when in a recessionary environment, advertising becomes less profitable due to more restrictive financial conditions. all of these companies will continue to grow for the foreseeable future because of their respective competitive advantages
Just got fired from an Amazon center, went from 1.2k people to 300 in one day. Was absurd. They dont have less job to do, and its not more automatized, they just want to do the same job with 1/4 of the workers.
sounds like walmart.. the produce dept was supposed to have at min 3 people during the day, the chart says it recommends 7 people handling it, it's a larger section in our local store btw and now only 1 person is there and nobody at night, and i feel bad for the guy. he can't cull through 1000s of fresh foods properly on his own on top of cleaning the dept, unloading the truck, stocking it, etc i left because even electronics downsized till it was just me left, btw they've also been doing things like spacing products out further apart ever so slightly so nobody notices they're selling less and in some area's they rearranged and moved the aisles further apart to remove an entire row without anyone realizing. there's less people working there and less products for sale, i'm pretty sure this was happening to kmart before they closed.
It's post-pandemic. People spend less on tech when spending more on travel. Combined with recession, it exacerbates the issue. Silicon valley isn't going anywhere lol. Going from bloated to tightened-up doesn't mean they're going out of business, it means they aren't hiring endlessly.
Sad thing with all the stuff being so expensive is that its artificial. It was found that the corps are doing it just cus they can and want to make more money. Its not going to overhead or to employees, its all going to the higher ups.
Self checkout is not computers replacing employees ... it's customers replacing employees. If they could figure out how to get the customer to stock the shelf, they would.
At IKEA they make the costumers pick up stuff in storage themselves. They have three guys on the floor helping people too stupid to understand where to get things and one security guard making sure people don't just steal stuff. They also have self checkout. So basically the only thing they do is transport the stuff from big trucks with little lift trucks to the isle in storage.
The 13 or older is contract law, the courts ruled that under 13 it's not possible for you to sign a contract. It's not related to "protect the children from what's being shown/talked about".
Food prices here in germany in stores has risen between 50-120%. Its kinda crazy. Like a pack of noodles 500g own brand from discounter was 39 cents before covid, now its 99cent and probably keeps rising
It starts with slowing down. Companies try to make the best for everyone around us Making things easier and faster so people are instantly happy We forget to see the people around us instead we choose ourselves happiness. The companies CEO, Presidents with the gratification of high salary and no work and problems of building it up and working for their self won't understand cause of it boiling down to the main problem existing... Slow down and don't care. Connectivity is one thing and self care is another. Meet it in the middle. Creatures of curiosity
Grocery prices are disgusting. I buy 3 things from Publix and it's $30. I started buying from Aldi now since it's so much cheaper. Inflation happens but companies are definitely taking advantage of it.
its actually fairly simple... investors started pulling their money out after realizing the company isn't going anywhere after years of holding out... like Elon is just a "Hype Man" to attract investors for new startups..
Inflation makes sense, because US accumulated huge debt, higher the inflation (1$ looses value) cheaper the debt. That was the case for this strategy for US in the past(other countries too) for debt management
If we are strictly talking stocks, Tech has/had some of the largest multiples in the market especially for companies who don’t have rev or profitability they need the market to raise capital. any weakness and down they go. Combine that with shorting and it’s an investors wet dream. Turn the charts upside down and you’ll see the crazy dollars smart money has been making lately and guess what they will make it again on the way up. Rinse and repeat.
![[TH] FS vs BME - VCT Ascension Pacific - Lower Bracket Final](http://i.ytimg.com/vi/wnygqsR2Fig/mqdefault.jpg)
It's not collapsing, it's getting back to the pre-pandemic levels. They made tons of disposable money during that time and now they can dispose of the cash and staff alike. They won't lose, not yet at least.
Now is a really good time to buy if you have the extra cash.
I recommend you check out "Salty Cracker" on youtube who I think is streaming soon as of this comment, usually streaming Fridays and Sundays and you'll be surprise whats going on with the US.
and that's capitalism for ya. totally unrealistic video title. if big tech collapses then all capitalism collapses which... will never happen
This
@@JRichardsonBoston id rather not compromise my integrity.
My sister picks grocery's for Walmart. They are actually investing more employees into picking items for online orders than people into cashiering. They don't want you in the store anymore, they want you to buy it online and wait in the parking lot, it's almost like they would rather be warehouses. Very frightening to think that one day we might not be able to access food without technology.
Brainwashed little monkey. Its frightening that the only way moat people get food is by walking into a brightly lit metal box filled with brightly packaged food from all over the world, music and cctv face tracking.
We're already fucked!!
I'm going to feed the hens...
Someone should make a Black Mirror episode about a family that's starving, because they've been banned on every super market website for a politically incorrect remark their teenage son did on facebook.
Walmart is also really annoyed with shoplifting, and the whole people of Walmart experience is disgusting, mostly because Walmart doesn't crack down on crazies. So the answer is order online, because it's literally the best for everyone. You avoid the mouth breathers spreading COVID, plumbers crack, homeless wanderers, camels toe whales, people asking you to grab items for them or whatever, the guy who doesn't bathe, etc. I agree we are losing the store experience, but if society isn't willing to crack down on the filth ruining it like California, well normal people will have to find work arounds. I think one idea that could save Walmart is forcing all old people and disabled to use online shopping, give them free Walmart+ accounts. If they're not in the store ruining the experience for everyone else, it would make more sense to actually shop in store.
@@JohnDoe-ip3oq I can agree with you to an extent, I personally have only had one bad experience at a Walmart. Considering I've shopped there semi regularly for as long as I can remember, it's not all that big of a deal to me. My city has really gone downhill these past few years and I still haven't had any issues, so I'm sorry the ones in your area are shitty.
I reference specifically Walmart, but the only 2 grocery stores in my area that don't do pick up are Aldi and WinCo, which a lot of cities don't have anyway. I feel like these companies are just using issues like shoplifting, the customer experience, constantly rising prices, and card-only registers to exert control over food. Id rather be around the person with their ass out than be forced to use apps and accounts which my information can be stolen from in order to purchase food.
We are not creating tech to benefit humanity. Tech is thriving for pure profit. Not to mention things are more expensive and salaries have not been increased to compensate. It is all a downward spiral.
"public companies are making profit"
you understand that because of the nature of it being a public company, the board of directors has a legal responsibility to maximize returns for all shareholders, correct?
it is literally their job and they have legal repercussions if they do bad.
also saying tech doesn't benefit humanity is so stupid. what device did you type this on? what platform are you commenting on? both of those are made, manufactured, and programmed by public companies for a profit.
Games are collapsing... I been a HUGE gamer for about 30 years and I recently slowed down to almost a halt. Nothing is finished anymore. If I'm going to spend my money on something unfinished I might as well be the one to build it... Race cars are my new obsession. Why? Because I can guarantee I'm getting what I paid for and then be able to admire my own progress in life.
ya, this is the first time i didn't buy a single game on steam during the holiday sales, nothing on sale appealed to me, even when 90% off, like i probably wouldn't finish playing the game either, in many cases because the story starts to fall flat half way through or it's like you said.. they're unfinished games that either get patched to a somewhat finished state years later or they're given up on, i'm just so done with this.
@@orektez I been forcing myself to try to find something that is good AND finished for years, but I can't. The last good games in my opinion were released in 2008-2010. Recently it's been remake on top of remake of games I played 10-15 years ago or just some unfinished unplayable mess.
I don't think we are going into a recession, I think we've been in one and are now well on our way to depression.
On our way to the expresso depresso.
The tech boom in 2008 saved the economy, less people can afford the services they provide but the biggest irony is that the more businesses cut costs the bigger the problem will be kinda like a hydra paradox since employment levels directly affect consumer trends. The west can't handle this as they have relied on industrialisation and mass marketing for so long that not as many people are as self sustainable as in Eastern Europe and Asia.
my dudes, I give raises and my budget was so low for my team this round, I cried. It truly messed me up. We need to get on Congress to get to work. They deflect to the WH waaay to much.
Consumer choice is the single most important form of market regulation, full stop. When governments protect companies from competition, whether with finance or legislation, they're actually DEregulating.
No king rules forever...
Hey all, I want to share a few experiences I've had this last year.
I'm telling the truth. Look for yourselves, that's the best I can offer. Matter didn't randomly decide to exist, replace demand with sense.
@@narsakucanada154 Prove God is real. You have the burden of proof as the positive of the argument.
That's a truth so big you can see it from the moon
Yeah no king last forever but I doubt big the companies are really gonna fall. At this point I think they're just too big and can diversify too much.
The problem with most of these organizations is being top heavy, too much management and not enough people actually doing work. Meetings about meetings, impromptu meeting about useless stuff etc
Not only that, but people are sick of being trained for these jobs only to lose it due to instability only a few months later, you go through a month of training only to be laid off. There is no security in any position anymore. They train employees only to replace them with more trainees that have equally no experience. it’s such a self destructive cycle.
@@peteallyn412 security isn't in the job you hold. It's in the training you receive. I can go into any industry show my resume and have great success.
@@Bmac_Gaming This could've been an email
@@phant0mdummy he just bought twitter to prove it
Not "the" problem, but absolutely "a" problem. Semantics are important!
These companies been overvalued for years now. Its almost like everyone is in on the joke.
We are all in on the joke... At least from my perspective as someone who has worked in tech for a while, people with experience have become better at sensing when we're in a bubble. It's happened many times over the past century in the market in general (and not just tech).
@@EggEnjoyer doesn't work, Human nature is a fickle thing
"These companies been"...do you even speak English?
What do you mean overvalued? Compard to what? Microsoft, Apple, Amazon, Alphabet(Google) are incredible influential and unless you live with no technology or live on another planet you'll use one of these companies tech daily
Banks can loan 10x their worth too. Most Banks don't even have enough money when a bankrun happens by that reason!
I think it’s the active disregard for the customers who made them what they are today that is finally ruining them.
no not even remotely close
I agree and disagree with that TH-cam is one of the best social media platforms but that is for another time. I do really agree with the active disregard for the well-being of the customer from bigger companies. The main one is Gacha! systems and also FOMO. Literally companies will hire people who specialize in how the brain works to get more from their customers with these tactics. I also think it's active disregard for some staff as well because due to the pandemic, people will do anything to keep their jobs and those companies really cut down on their staff earnings.
if that were true then youtube and every most popular streaming service would be dead too
somehow I'm not surprised they are they are the trillion dollar companies and you are the guy in the YT comments. This video is a joke
@@ayoCC TH-cam also uses machine learning to corral conversations so people only see what you're allowed to see. It's actually one of the worst for that reason alone.
The video misses the part where the Repo markets pumped BILLIONS of interest free money into the market weekly during Covid. And now, that money is being cut back and interest rates are rising which is why 2020-2021 had all-time high records for the stock market and now 2022 is having a huge drop off.
The rest sounds nice but you have to ask -- Was there a reason these companies increased 2-3x the past few years?
Oh people are missing a lot more than that. But we're past the "fuck around" part, now we're about to enter the "find out" part.
Yep this is the actual truth, the economy leading into post pan inflation was a facade
They should call the Virus, "Commie Virus" because it intended to fear monger everyone to comply under something that was mostly a Lie.
@@JeffOf813 Not only that, but the lockdowns of "non-essential" businesses also contributed massively to that wealth transfer.
There's still a couple trillion in the reverse repo market too in order to safeguard the banks just in case.
Moon- “anger and fear keep people engaged”
Also Moon- makes every video on his channel capitalizing on that same fear
Practice what you preach
cant stand moon, such a grifter. asmon should stop reacting to his vids but it probably gets him engagement
The ragebait is real. He makes wild hot takes, broad ass generalizations, and doesn't care much for fact checking. Fairly toxic creator.
i was wondering WHY the video Asmon is watching is so off to me. I now remember this guy making a fear-mongering video about Discord, that i don't care. I sadly watched that video, and I wished I watched grass grow instead of watching that video. L for me
@@keenices1972 Same for me with the Tiktok video. Pure fear-mongering without any real insight. Guy is a hack.
Here's my personal experience. We had decided to get a minority hire sales director who knew nothing about our industry or knowledge of how to make appointments with C-level tech leaders in large businesses that did over 1B in revenue. As a result our sales team suffered, and instead of getting rid of the director who made 200k, we got rid of 4 BDR's who made 50k each, who were actually doing things (setting meetings with prospects). Middle management can quickly destroy an organization.
Just curious why you specified "minority hire sales director". Do you usually specify whether people are a minority or a nonminority? Kinda weird
@@M1ndTerror So it is clear the director got hired only to fulfil diversity quota, not because he was qualified for the job?
@@M1ndTerror he's an Andrew Tate simp. Of course he's triggered by the guy (I assume he's a guy, if he was wasn't he would've mentioned it, guaranteed) being minority. Never take what !ncel naz!s say at face value. Upvoters either got bamboozled or they're fellow cultists.
@@sojtus8681 the problem is people say it's a diversity hire anytime it's a minority
@@sojtus8681 not sure if you're aware but it is possible to fulfill diversity quote with qualified minorities. From my experience when a company hires an unqualified person, the person who hired them is at fault for not vetting properly. Can't really be upset at the person for not knowing the job...they were hired lol 😂
Big tech companies keep having issues because they keep making blatantly bad decisions and refuse to pull out of a bad choice.
Meta is the best example of this. If when Meta was first mocked they backed off their stock would be substantially better off.
Not the only reason for these issues of course but it is a massive reason
Hard agree.
When he said people believe in the idea and not the product I felt that.
The entire NFT market in a nutshell
And c*mmunism
Steve Jobs talked about this fact a lot.
@@sygmarvexarion7891 oh thank you oh wise one lol this guy
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Growth companies have traditionally had tough times when interest rates are raised. Since valuations of growth companies are made based on their anticipated growth (which was often achieved using debt), when interest rates go up, it's expected that companies will face headwinds in the short term. That's why valuations have come down. I wouldn't read too much into it. Twitter and Tesla notwithstanding, tech companies are still making plenty of profit. They are just trimming down the less profitable parts and going lean in anticipation of lower expected growth in the coming years.
so true people seem to think this number is the main indicator . its not like Google Apple or Microsoft and many others are going away any time soon .
While the assessment that monetary policy is responsible for these valuations is entirely correct, I wouldn't underestimate the extent to which the entire data-based fairy dust make-believe economy is all too reliant on that as a whole for these profits to hold up against indirect influence from market conditions, should the Fed not pivot. Profits do not happen in a vacuum. They are just as subject to incentivized careless spending as everything else.
Its a very wish washy way of saying its not going to go under/bankrupt anytime soon. Though I find it hard to even look at the charts without looking at the last 5yrs to see whats been happening. The Federal Reserve has only started increasing rates to curb inflation and theres already some people in pure copium buying in the market thinking it will bounce back like the last 2 yrs. You are right big tech isnt going under and more so investors problem, HOPEFULLY any tech companies have strong leadership and not caving to shareholders.
Though I have my doubts with anti-consumer tactics in WotC, subscription payments for software while removing one time payment plans.
Well that's a boring headline.
The most reasonable comment on this video
“It’s over….” is becoming the new “SO EPIC!!!” of 2010’s.
We were told the world was over in the 90s b4 I reached my teens, we were told the world was over when the Cuba missile crisis happened , the apocalypse has been coming for forever.
As a parent myself, I can assure you, we are all terrified of social media. We struggle with what we should do. We're the first generation of parents than have to deal with this shit. My parents, now the grandparents, don't even understand what I'm worried about. They tell me I'm freaking out over nothing, that it'll be okay.
Regarding what to do: If you simply take all social media away, your kid will be an anti-social loner, but if you allow everything, they'll be easily manipulated into all sorts of trouble. The trick is finding the middle ground, how far do you allow your kid to go, etc. And I'm saying this while still not knowing what the answer is.
Personally, I think kids under 10 shouldn't be allow on social media at all... Once they get to 11, then things get complicate... My daughter is still little, only 7yo, so I still have some time to figure it out. But my wife and I have already chosen a school based on the fact that they don't allow smartphone in school, period.
Don't ever let her use TikTok, or she will end up with dyed hair and a multi-colored flag that will end her genetic legacy.
Don't ever let her use the short clip apps, or she will end up with blue hair and a prism flag that will end your family's lineage.
At this point, video game addiction seems like a much better fate than tiktok and social media addiction that many of the latest zoomers face. In a way, games facilitate some personal growth as a person, you can find so much more value in games in contrast to fkin tiktok scrolling xD.
Facts. I'm not a parent but I'm 20 years old & I'm glad that my parents didn't allow me to have a smartphone til i was 16. I can imagine that if my parents didn't do those limitations on me I would be an NPC right now filled with hate
I'd be 100% on board with age restrictions for social media or smartphones in general. Can't give me many good reasons for a 12 year old needing more than the ability to call/text
Positively surprised that he made sure to talk about data having to be adjusted for inflation.
There's a book called "The Competitive Advantage of Nations" by Michael Porter which was written in the 1980s. It does a very good job of explaining the interdependencies between companies, governments, markets and random events.
There are also many great books on decision theory and consumer behaviour in general, which explains a lot about why businesses have changed their business model and how society as a whole changes through behavioural trends (basically informing random events). You could also look to resource theory for that, but all of this is in general a very important and very complex topic that will affect and has affected generations.
This guy is like the exaggerated truth in yt form.
Always funny when he talks about markets.
@@drawgam2946 I agree
@@jbark678 that's why I love baldy he doesn't care about anything.
look up my banner for sushi
not collapsing. just going back to 2019
We don't use the term collapse. It's called a merger. Kind of how one animal will merg another dead animal into it's mouth.
Although in relation to people with economic problems, with an overwhelming majority of control being inherited instead of earned. A thoughtful and intelligent restructuring and redistribution of labor ( all the people being laid off across the nation.) seems highly unlikely.
And I would expect local officials and authorities to offer a more Canadian or Chinese solution of labor redistribution. Where we cut back on people by merging them with the ground. Either through hunger or government oversight.
I got once ban from FB because my meme offended someone lol
I called someone a rocket and got suspended for 2 days. Like a month before someone told me I shouldn’t be allowed outside because of my disability and they did nothing. Fuck Facebook.
This video completely ignores so many fundamental economic principles to make the situation seem more dramatic than it is
yes this video is awful
foreal, just cliff hangers in place of actual explanatory information
Its a good time to start appreciating other things in life, things that we forgot, things that were hidden by social media and big companies.
look up my banner for sushi
👏
They've just become too desperately greedy.
Starting to put fast money over any possible long term survivability.
That together with the myth of 'Too big to fail" most of them have convincend themselves of.
I dont think its collapsing, its just no one makes new good products anymore in those big companies. they make exactly the same thing over and over and charge more, like intel did for years, and might start doing again judging by their new products.
Large portion of the population spends 100% of their yearly the last money they have to spend the last money there is in economy so then there's an economy downturn when there's hyperinflation social security is a safety net that hasn't gone up in a very long time needs to go up the majority of the population needs to make more money hyperinflation needs to stop basically stopped giving CEOs everything they want
I cant enjoy youtube without asmongold
Bot mentality
Yeah i pref watching it with Asmon as well :)
@@atlas4837 my man has a panther pfp 🤡🤡💀💀
@@Brahen Who cares?
@@Brahen you have a fukin cartoon kid
Why is everyone missing the fact that during pandemic there was a huge bubble due to free money?
Compare things with pre-pandemic levels if you want more relevant data.
Finally, evaluating a company solely on market cap is stupid... No company is actually worth their market cap.
Market cap = current stock price x no of shares
You could have a sharp increase on stock price driven by a few people, that doesn't every single share owner values their share at the same (peak) price.
Yeah but how much of that bubble was caused by companies also jacking up their prices and blaming inflation
The Chinese government is litteraly the one that started regulating their own companies the most over the past few years so Idk w the guy is talking about in the video
they were litteraly dismantling the tencent monopoly on the music market in China,
when there was supposed to be a merger of the two biggest streaming platforms in China the government stopped it, to prevent a twitch like monopoly
It's also interesting how China is definitely the most competitive smartphone market where they have many options for good phones unlike in the US, it's also the most competitive market in the EV space,
Tbh the Chinese government is still not doing enough to regulate the companies,
the competition is just insane over there and many times it's also really underhanded to say the least,
(especially when Tencent is trying to unsuccessfuly shoot down mihoyo),
And how would TikTok being propped up by the government help, people are using TikTok more not because China told them to but because they like it, TikTok is growing because they have a product that people currently want, there is no way the Chinese government is somehow magicaly propping up demand for TikTok, like how the fuck would they do that?
It's a brainwashed westerner who thinks anything chinese is evil. The "I hate the government not the people" line is the new "I have a black friend i'm not racist" mask these people have when they wanna do a veiled racist attack on "da chynese"
Getting rid of kids on social media, or at least so free of review a social media as it is now, would be amazing. You hear the dumbest things every single day, the effects as you said are pretty harsh. Hell my sister said she would not let her daughters have at it till way older.
I'm glad that my parents withheld social media from me. Heck, the only reason I had an email at 10 was because I was chatting with my sister on MSN messenger while she was at college! XD
I am trying to mentally prepare myself for this video, as someone who came from a really poor family I decided to go into debt to have a chance at gaining employment with one of these big tech companies. 3 years later and now this shit! lmao all my life I felt like I had bad luck but good thing I am a very optimistic person. Although that sometimes comes back to bite me in the butt.
Anyways here we go 😢....
There are plenty of jobs in tech that aren't going away, especially if you are actually able to code. Even codemonkeys won't be the first to go.
The tech industry is doing great, speaking as someone with years spent in the industry. You just need to stop hyper-focusing on the big 4.
These companies are heavily overrated by graduates anyway. Like they're great jobs, but have plenty of downsides. Once you stop ignoring the rest of this massive industry, you'll realize that you have tons of career options as a dev.
my man these companies are not going anywhere. they're reducing headcount because they've exploded in employees over the last 3 years. in a manner that's disproportionate to revenue growth. amazon for example more than doubled employee count since Q1 2020.
these companies aren't going bankrupt and are continuing to grow. you're panicked about a video made by someone who has no idea what they're talking about as it relates to financial markets and especially not the fundamentals of the mentioned companies.
I’m a new MBA and if you have coding experience, this will not affect you. People like me are getting cut this round of layoffs (albeit I’m in a different industry, but every company in this video except twitter was recruiting up to December break for people with coding experience). The coding headcount will recover much faster than people like me.
@@yt_nh9347 I agree with your view of them, but I called the companies overrated because in my experience pretty much all the graduate devs I've talked to have treated a job at the big 4 as the ultimate goal and pinnacle of any dev's career. It's really not, and you're right. They pay great and look excellent on a resume, but the jobs themselves are not all that.
The "perfect" dev career would probably see 1-4 years spent at a FAANG/MATANA/whatever company before moving on to better things with a nice pool of stocks/savings and a great resume.
The guy clearly has little knowledge about the economy, and touches very basic surface level stuff with a lot of context missing
Nobody in the UK is getting regular pay rises any more and the price of everything has tripled in the past 12 months, the whole country is fucked
But the UK shot itself in the foot right before the world suddenly got messed up, probably gonna take a while to recover.
the advertising is so fkn toxic, all media has descended into propoganda, we have to come to people like Joe Rogan, News without the B, and even Asmon. boycott TV, Boycott Hollywood, boycott censorship.
Good vid, and good coverage bud. 👍
It went a bit deeper than most I've seen so far.
People also having to budget more bc housing and food cost more now than ever in my life time
amazon is a middleman. It does not make money, it takes money. It takes from those who make stuff and those who use it.
I have a kid. She doesn’t have social media. We won’t let it happen until at least 15. No phone either.
Meanwhile my META stock is up a massive 54% from last month lol
Sure. You bought it at its very lowest price. We believe you (even though it was not 1 month ago).
@@michaelh878 Actually you're right, I just checked and it was two months ago (Nov 03). Even still it was $89.25 when I bought in and now it's over $134...same difference.
Not Exactly Video Game's May have Progress Far but That's not the only thing Computer's can do they could make Better Car's or even make Cyborgs Or Android's Or Another Form Of AI And Part Computer Part Human Could Be the Cure to Death itself Computer Technology could make Us Like Darth Vader Where We Could Live For Centuries or Even Millennia We would be immortal If that Long of Year's if that's Even Possible don't think People won't try to Cure Death With Computer's Because They Definitely will Asmongold the Going to Hell or Heaven wouldn't Matter Because Death would be Conquered So Mankind would no Longer Need God that's Something Crazy to Think about
It isn't collapsing fast enough.
@0:25 Asmon, yes "they" (investors in Meta) had 1 trillion dollars equity at peak...2.6 billion shares issued at 379 dollars each...It's not the same as when Mizkif 'valued' your org at 1 billion, and just made it up...this is real, publically traded business...Not like in 'private capital market' world where you can sell 10 to 40x revenue, nope, this was actual real dollars invested in the company
VC's are all about what is the potential. If you can convince them the upside is big enough, they are then more willing to bet on details like does it actually work, somehow magically sorting itself out.
You’re completely off base. You’re dealing with copious amounts of money. If the market or buying power changes slightly, it means billions in difference between valuation because of the value of advertisements due to overall purchases (excluding meta because that was an expensive passion project not gaining any revenue). It really doesn’t have much to do with inflation.
Also, yes the bubble popped, but it’s a cycle that will recover
It’s well known that the tech companies way over-hired during Covid which has lead to the current layoffs.
We need to ask the question. IF videos are being demonetized for what TH-cam DEEMS as promoting violence or whatever. Then where in the fuck are the money on the advertisement I see on those videos going?
The advertisement is still on a video that TH-cam deems inappropriate right? They still put it on there despite promoting ads for it right? And if the TH-camrs aren't getting paid for putting adverts that aren't even being paid to them. Where the hell is the money going?
Follow the money.
As someone that works for one of these well known fortune 500 companies its not really a sector thats collapsing. Sure there have been large layoffs due to bloat and over hiring during pandemic ... in other tech companies they were just going after frivolous ideas and started cutting out all those teams. Thankfully for me and my role in tech its very unlikely myself or my team would get cut unless the entire company went under. My company already went through a massive layoff and my team was unscathed as we are so small and touch so many areas needed by other teams. Even then without trying I get so many random recruiters on linkedin trying to hire me from other tech companies I'm honestly not worried about job security if I eventually get laid off one day anyways.
Obviously its not all 'secure', some tech companies will implode while others will thrive once interest rates go back down and we get out of this recession phase. But I've always been an absolute hermit and frugal person so I still live dirt cheap despite the 'standard of living' most in the tech sector at my pay grade live. I mean I watch Asmonggold videos for crying out loud lol. I only care about video games outside of work for the most part lol, I ain't got any expensive hobbies really once the pc is built or consoles are bought, I barely even buy new games becasue I don't trust the AAA game industry anymore lol
In a similar situation. This video is a bit of fearmongering. The tech industry has been on a tear for about a decade and placed some huge bets on future growth and speculative technologies. Many of those bets haven't paid off and now the industry is pulling back. This was the standard for tech prior to 2010 - the current layoffs feels more like a return to form than a grand collapse.
@@SuperNovice007 Yep. Also I am well aware regardless of how secure a job position is there is of course always a chance you can get let go.
But I'd say anyone in the tech industry long enough your are being smart with your money and (hopefully) saving a lot of it. Thats at least what I am doing so when an eventual downfall comes I'll fine for a good while. My largest goal is to eventually retire early if I keep living ultra low cost and then whatever happens to the tech industry it won't matter for me anymore becasue I won't be reliant on a full time job anymore.
So even if all the fearmongering turns out to be even partially true I've been planning for the worst while hoping for the best for years already lol
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@@SuperNovice007 Yeah, a lot of people are panicking over things they don't understand with regard to this. I'm in a similar situation, and I had relatives calling me up asking me if I still had a job, and I had to explain that a lot of these 'cuts' were on things that were based on pandemic projections continuing to go up, and were effectively things that got canceled when it became obvious that coof rates weren't going to continue.
youtube is about to require people that get their videos demonetized to Pay back the amount made.. it might even happen retroactively to all of their content like what happened to RTGAME with all of his videos getting age restricted, imagine someone like pewdiepie having to pay back everything he made. i think soon it'll be all over for youtube too.
The biggest problem is government overspending which causes more printing of money since thats how they get the money. Every time the government passes a spending bill thats over the total tax amount they get every year it causes more inflation since they print more money to pay for these spending bills since the populus isnt taxed enough to pay for these bills not that im saying taxes should go up because no they shouldnt. Both sides have ignored the debt crisis for 40 years now and the pandemic spending was so much that its caused inflation way more then the usual 3% from overspending.
Everyone in D.C. needs to be fired and replaced. Personally idc how and who gets it done anymore thats how desperate I have become and I suspect others have as well.
I'm glad this guy's channel is called moon because he always presents factual information and then draws conclusions from it that can't be based on anything earthly. This video is rare form for him where he kind of makes sense 🤣
Chinese companies can always claim that they are not in anyway cooperating with the government, which is true. It's just that the law gives the government full power to investigate, meddle, and direct companies when they choose to. This is the model of Socialism with Chinese characteristics AKA authoritarian state capitalism.
It also has to do with people slowly waking up and realizing that big tech doesn't want the best for you . Also the fact that they've been proven to be completely biased
Its almost like it's a company lol craazyy
Yeah a lot of people are unplugging from a lot of major tech companies. Because of the reputation of Twitter no one wants to be on Twitter and everyone not on Twitter hates Twitter users. It’s own customer base in this instance is a poison. When Elon first came on people signed up purely to troll during its destabilization. Apple price gouges its products and theirs plenty of cheaper alternatives. Microsoft has done so much I don’t know where to begin. Big Tech thought they were too big to fail.
The reason eggs are so expensive is because there is an avian flu that is wiping out all the egg laying chickens.
Why are minors on social media?
That's a good question.
The problem is the line between video games and social media blur sometimes.
Are we going to say kids aren't allowed to play Xbox live anymore either?
Perfect..let the celebrations begin..
Revenue collapsing in big tech??? Maybe I am wrong but I dont know a single big tech company wich declined in revenue this year let alone "collapsed". What a joke of a video
The investor thing, its not so much that they dont understand what it is that they are investing in, they dont, but they are so rich they can put millions into hundreds of projects on a whim and one or two take off and they have made their money back, possibly more.
Truly scary times for us here in tech. Crossing my fingers and hoping for the best.
I am engineer, I am getting rejected by companies, it does not matter if they are big or small. But they do keep telling us that they do need engineers.. Find the error.. 😂🥳😏
@@aligenc659 Maybe you just suck at your job then?
@@jarryjackal3827 nope, how can I suck at a job before getting hired.. Use your brain, please.
Man the source video is so uninformed about what he’s talking about it’s kinda funny. He gets a lot right he he makes a LOT of assumptions about why.
The tech giants have been held up by various index funds in the stock market. If they were removed from the indexes, their price would collapse.
you know all these people loosing their jobs are al collage grads. went to university with promise of high paying tech job. now in debt with student lones with no job security...
Asmon’s “personal censorship” idea sounds like an echo chamber. Road to hell is paved by good intentions. I think it would better for people to see the stuff they don’t want to see, and learn to live with it rather than ignore it.
Sure, people have the right to be fat and drink alcohol. But these things only harm yourself. Ignorance has a high tendency to hurt the world. Or am I wrong?
Maybe if they focused more on their business and less on identity politics, then they wouldn't be in such big trouble right now ( on top of ) the recession. I don't watch movies or play games to learn about (identity politics) or (politics.) I do it to escape that shit. (Everyone's) OR most everyone, is sick of that trash and the numbers show it across the board.
I am sorry, but this videos is just STUPID. The moment he said "they have all seen massive revenue drops" when he talks about the stock price falling, it was clear the guy has no idea of anything :D
Moon's video is just wrong it's like he only has surface level understanding and tries to make a point out of it... wtf did I just watch
Stocks are almost as disconnected from values as NFTs are. This is all ultimately a result of the Federal reserve making money artificially cheap (and it's made yet cheaper for the stock market by state incentives for people to invest retirement money there).
Mass stimulus checks don't help either. It's the same effect as gold farming bots on video games. Value of gold plummets!
The Waffle House has found it’s new host
The Waffle House has found its new host
The Waffle House Has Found Its New Host
OMG. I'm literally listening to Burzum while he's talking about them. 😄
The guy explaining this doesn't know anything and it only becomes clearer as the video goes on.
Asmond: League is owned by China
Every League Fan:.... Your owned by China
we have our own chiken barn at my house . we never even buy eggs at all. love from sri lanka .
I use my desktop for any internet and leave my phone at home. I really feel better every day.
keep in mind, there's only so much growth a company can hit. it's called plateauing.
all of these companies will continue to grow revenue at a respectable pace. the one most concerning is meta. advertising is cyclical and when in a recessionary environment, advertising becomes less profitable due to more restrictive financial conditions.
all of these companies will continue to grow for the foreseeable future because of their respective competitive advantages
With the same technology. This is why R&D is so important.
Just got fired from an Amazon center, went from 1.2k people to 300 in one day. Was absurd. They dont have less job to do, and its not more automatized, they just want to do the same job with 1/4 of the workers.
sounds like walmart.. the produce dept was supposed to have at min 3 people during the day, the chart says it recommends 7 people handling it, it's a larger section in our local store btw and now only 1 person is there and nobody at night, and i feel bad for the guy. he can't cull through 1000s of fresh foods properly on his own on top of cleaning the dept, unloading the truck, stocking it, etc i left because even electronics downsized till it was just me left, btw they've also been doing things like spacing products out further apart ever so slightly so nobody notices they're selling less and in some area's they rearranged and moved the aisles further apart to remove an entire row without anyone realizing. there's less people working there and less products for sale, i'm pretty sure this was happening to kmart before they closed.
It's post-pandemic. People spend less on tech when spending more on travel. Combined with recession, it exacerbates the issue. Silicon valley isn't going anywhere lol. Going from bloated to tightened-up doesn't mean they're going out of business, it means they aren't hiring endlessly.
I love seeing people running around like headless chickens... As if publishing a novel in the comments can change anything.
Sad thing with all the stuff being so expensive is that its artificial. It was found that the corps are doing it just cus they can and want to make more money. Its not going to overhead or to employees, its all going to the higher ups.
Self checkout is not computers replacing employees ... it's customers replacing employees. If they could figure out how to get the customer to stock the shelf, they would.
At IKEA they make the costumers pick up stuff in storage themselves. They have three guys on the floor helping people too stupid to understand where to get things and one security guard making sure people don't just steal stuff. They also have self checkout. So basically the only thing they do is transport the stuff from big trucks with little lift trucks to the isle in storage.
I deleted 75% of my social media accounts last week. They're full of ads and nobody is active anymore.
I'm a forklift mechanic and work in the field. Many places are mostly autonomous already. It's scary man.
The value of an NFT is the same as stocks since they both rely on the belief of their value by the mass given to an image.
Yet another doomsayer video, why are there so many of them out there?
The 13 or older is contract law, the courts ruled that under 13 it's not possible for you to sign a contract. It's not related to "protect the children from what's being shown/talked about".
Food prices here in germany in stores has risen between 50-120%. Its kinda crazy. Like a pack of noodles 500g own brand from discounter was 39 cents before covid, now its 99cent and probably keeps rising
A lot of it is due to the war in Ukraine. Things can change quickly.
"Why Big Tech Is Collapsing"
This is a 2 second topic: It isn't.
It starts with slowing down.
Companies try to make the best for everyone around us
Making things easier and faster so people are instantly happy
We forget to see the people around us instead we choose ourselves happiness.
The companies CEO, Presidents with the gratification of high salary and no work and problems of building it up and working for their self won't understand cause of it boiling down to the main problem existing... Slow down and don't care.
Connectivity is one thing and self care is another.
Meet it in the middle.
Creatures of curiosity
Grocery prices are disgusting. I buy 3 things from Publix and it's $30. I started buying from Aldi now since it's so much cheaper. Inflation happens but companies are definitely taking advantage of it.
The problem is that a lot of people keep buying overexpensive shit.
A lot of the inflation is because of companies artificially inflating prices for record profits
Love it… 15sec after the beginning and i got my answer.
Collapse mean making shit tons of money but less than what we use to in 2023 :)
Collapsing?
My holdings went +70% the past 6 months.
Which one ?
I don’t know if secretly I identify as an Asmongold or the TH-cam algorithm is feeding me the same content Asmongold sees. Either way I like this.
And covid is not over.....it has mutated a bunch of times with all the vaccines we just had to have.........
its actually fairly simple... investors started pulling their money out after realizing the company isn't going anywhere after years of holding out... like Elon is just a "Hype Man" to attract investors for new startups..
As long as it works, nothing has collapsed.
The problem with robots is, they don't buy stuff... Paid workers do.
Inflation makes sense, because US accumulated huge debt, higher the inflation (1$ looses value) cheaper the debt. That was the case for this strategy for US in the past(other countries too) for debt management
If we are strictly talking stocks, Tech has/had some of the largest multiples in the market especially for companies who don’t have rev or profitability they need the market to raise capital. any weakness and down they go. Combine that with shorting and it’s an investors wet dream. Turn the charts upside down and you’ll see the crazy dollars smart money has been making lately and guess what they will make it again on the way up. Rinse and repeat.