On December 21, 1998, AMZN reached a price of $324.8. In about three years, on September 24, 2001, a low of $5.9 was printed. That's a 98% correction. The Dot-com bubble piercing in action. The next time the prior peak was breached was 15 years later, in October 2013. Myriad companies associated with the internet revolution and online retailing didn't survive.
This is the appropriate context to consider when investing in AI companies today. Happy trading!
On December 21, 1998, AMZN reached a price of $324.8. In about three years, on September 24, 2001, a low of $5.9 was printed. That's a 98% correction. The Dot-com bubble piercing in action. The next time the prior peak was breached was 15 years later, in October 2013. Myriad companies associated with the internet revolution and online retailing didn't survive.
This is the appropriate context to consider when investing in AI companies today. Happy trading!
#ЖадностьПорождаетБедность #finance January 2025.
BY Random Thoughts
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'Wild West' Andrey, a Russian entrepreneur living in Brazil who, fearing retaliation, asked that NPR not use his last name, said Telegram has become one of the few places Russians can access independent news about the war. For example, WhatsApp restricted the number of times a user could forward something, and developed automated systems that detect and flag objectionable content. Channels are not fully encrypted, end-to-end. All communications on a Telegram channel can be seen by anyone on the channel and are also visible to Telegram. Telegram may be asked by a government to hand over the communications from a channel. Telegram has a history of standing up to Russian government requests for data, but how comfortable you are relying on that history to predict future behavior is up to you. Because Telegram has this data, it may also be stolen by hackers or leaked by an internal employee. Telegram, which does little policing of its content, has also became a hub for Russian propaganda and misinformation. Many pro-Kremlin channels have become popular, alongside accounts of journalists and other independent observers.
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