this post was submitted on 27 Jun 2023
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We already are seeing the futuristic dystopia unfold before our eyes in 2023. In 2024 it will only become more and more exacerbated by AI integration.

This is known as a "Winner-Takes-All Market":

https://www.investopedia.com/terms/w/winner-takes-all-market.asp

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[–] [email protected] 4 points 1 year ago (1 children)

CNBC's Jim Cramer recently used the new tagline to describe Apple, Microsoft, Nvidia, Amazon, Meta, Tesla and Alphabet.

Oh dear

[–] [email protected] 2 points 1 year ago (1 children)

Aren't those mostly the exact same companies as FAANG?

[–] [email protected] 2 points 1 year ago

FAANG included Netflix; Nvidia and Tesla weren't part of FAANG