David ex Machina

Adapted from Flickr and transparentpng.com ( cc 4.0 license ) Since the start of the COVID-19 pandemic, an SF tech exodus emerged. There are many well documented reasons for the exodus, namely a high cost of living, unaffordable housing, and increased crime - all accelerated by the switch to remote-first work. But few have been more vocal than Keith Rabois , the paypal mafia venture capitalist, after physically moving and encouraging others to move to Miami. The level of hype raised tech eyebrows, including my own, to wonder if this is self-serving publicity, or something more?  Before I dive in, let me get a few things out of the way. First, I don’t have anything against the city of Miami. Second, I actually think it’s a good thing for tech to diversify and have many intellectual strongholds, not just one mecca. One of the few positives of the pandemic is making people reevaluate their lives and figure out what matters to them, including where to live. I also agree with many of...

Via  r/wallstreetbets Disclaimer: This is a guest post from a friend that works in finance. The views and opinions expressed in this post are of the author and do not reflect the official policy or position of any other agency, organization, employer, or company. The most miraculous aspect of last week’s wild swings in Gamestop share price, is not the fact that an orchestrated short squeeze leading to a massive asset bubble captivated the market. Indeed, high drama short squeezes and bubbles have been part of the fabric of the free market since it began. The most amazing part of the story are the conditions and narrative that resulted in a perfect storm, leading thousands (millions?) of small-time investors to believe that by participating in a classic pump-and-dump they were leading the charge of righteousness and justice. First, I should clarify, as a supporter of the free market, I believe that the “retards” and “autists” have every right to trade, whatever their reasons. Howeve...