Zillow to stop flipping homes, loses more than $550M, lays off 25% of staff

Re:Zillow to stop flipping homes, loses more than $550M, lay... by lindseymysse on Tuesday November 02, 2021 @08:09PM (#29089369)

I wonder how much of our economy, that alternately humming along and collapsing around us, is simply algorithms talking to eachother? How much economic movement is being generated by arbitrage ( https://www.ecomcrew.com/amazon-arbitrage/ ) ? How much online traffic is generated by advertising bots interacting with each-other? How much are housing prices being juiced by algorithms?

I think the environmental crisis is already effecting the supply chain, I don't think we humans can see it yet. Are we Soviet Russia circa 1931, pretending like everything is going swimmingly while an enormous amount of us are about to starve?

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by JasonFruit on Tuesday November 02, 2021 @08:48PM (#29089715)

Can you elaborate on what makes you think environmental factors are affecting the supply chain?

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by lindseymysse on Tuesday November 02, 2021 @09:49PM (#29090176)

Well, first of all, an unequal food supply chain has generated survival diets close to civilization, spreading new diseases to the entire world (hi Covid!, next door to bird flu).

Second, there are droughts popping up all around the world, our fisheries are collapsing but our supply chain might be absorbing the problems of it until suddenly it doesn't anymore.

That is my deep worry -- that we are seeing the start of a generalized system collapse.

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