← Back to dashboard
Share
1100%
r/investing
How can this be different than the dot com bubble
Investor summaryBearish
Author compares unprofitable tech, space, and AI hype to the 1999 dot-com bubble, warning of a market driven by memes and debt.
Bear points
- Current tech, space, and AI companies lack profitability and are driven by hype.
- High debt levels and meme-driven valuations resemble the 1999 dot-com bubble.
Post body
People are saying that today's companies are highly profitable but they literally aren't. Spacex and all of those other meme space companies like ASTS and RKLB don't make one dollar in profits. Everything is just driven by memes, vibes, and hype.
OpenAI doesn't make any money. Tons of meme AI companies like coreweave have never made a profit either. It's just endless debt.
I'm not a bear and I don't have any short positions, but it seems to me like we're in the exact same situation as 1999 where there no profits.
Discussion · top comments
No comment snapshot fetched for this post yet.