I want to make a clarification here before we all get too far ahead with “16% of GDP”. There are many things wrong with the way giant tech companies dominate their respective fields. However the value of a company does not equal its’ share of the GDP. GDP is the OUTPUT of a country in 1 year. It does not equal the value of all the private enterprises combined which is what this comparison is trying to do. What we want to compare then, is to take NVIDIA’s output in ONE YEAR and see how much of the economy it dominates. US GDP is ~ 30 trillion in 2025. Nvidia’s output or revenue for current fiscal year is ~ $200 billion. That’s 0.6% of the GDP. That’s far cry from 16%, by about 27 times less.

What we should be concerned are the size of the market cap of these giant tech companies dominating the total value of the stock market, as well as the monopolistic margins these companies enjoy. All of these contribute to the imbalances in the world we see today - in the economies, in the society and social structure, and in politics. Communism once rose two centuries ago in protest against the concentration of power in the hands of a few. A solution is needed to remedy the imbalances of today.

Trump: (I) Made America Ass Again.

Yes her extraordinary ability is to date tolerate and stay married to a known pervert and pedophile. I don’t know how many of these people have that.

He might be the stupidest American president ever. Banks will take anybody’s money if you give it to them. Even criminals’.

😱 How does this still happen in this day and age?

estimates by the independent Congressional Budget Office, which has estimated the project could take 20 years and cost $524 billion.

that’s how much.

This hurts everybody’s wallet.

American court system has become a monkey court.

This is essentially adding another layer of tax or tariffs on imports, and more impediments to global trade. Basically, Trump is determined to stall trade with the world and fuck the economy.

This is so stupid. He announce tariffs, markets tank. He pauses, markets rebound. He then imposes tariffs, markets tank. He pauses… oh he’s jerking off everyone. got it.

No it’s down again.

LOL Trump wanted to keep this “trade war” to goods only. He never mentioned the surplus US has in services trade. This will really hurt US below the belt.

Elon takes another L!

If I recall, fidelity wrote off most of its investment in twitter less than a year after the acquisition: https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musks-x-is-now-worth-around-a-fifth-of-the-44-billion-he-paid-for-it-fidelity-says/

You have to remember that he wasn’t alone in purchasing twitter. He brought others along with him. Now that value of twitter has gone down the tube, I’m sure he’s got a ton of unhappy investors on his hand screaming at every quarter’s results. He’s trying to recoup what they paid for by giving them shares in AI company. And in turn artificially raise the value of the AI company privately as well. It establishes a benchmark for AI company’s valuation for later private investors into that company.

What a fucking idiot! And she is heading CIA?

Houthis are probably on a witch hunt for that Israeli spy right now, a spy they likely have heavily invested in.

Trump is just so fucking dumb. He is literally destroying the market for US products. In the past regardless of politics companies were independent of it, and foreign customers can rely on the companies to provide service with respect to rule of law, privacy, etc. The past US presidents refrained from fucking that up unless it involves transferring sensitive tech to unfavored nations. Now all the moves Trump does are endangering that.

The flipside is, once these Chinese products with Chinese OS invade the globe, every individual’s privacy is at risk, because we all know where China stands there.

Is this response by Grok real? How does it have awareness that its responses are being tweaked?

Another republican pedophile, of course.