Re:College-educated workers are taking over the American fac...
by LoSboccacc on Monday December 09, 2019 @07:13PM
(#21748239)
they didn't seem to learn from the dot.com era, it if anything they learned better to pass the bucket to small investors right before the collapse to retain most profit from the bubble while hiding toxic investments into derivatives
That isn't the point. The point is to blow up your valuation to multiple billions without making a dime in profits by making all sorts of vague and pompous statements. Like claiming that you only hire the best (and actually hiring the people based on their ability to make buzz) and then dump it on the unsuspecting retail investor from outside the Valley.
This will prevail until the public investors stop drinking the hypergrowth kool-aid and start demanding actual profits. May take another decade though.