444
Google CEO: If an AI bubble pops, no one is getting out clean (arstechnica.com)
submitted 10 months ago by to c/technology@lemmy.world
100 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 4 points 10 months ago (3 children)

Actually it's more about the how. The people betting against the housing market put their chips down as early as 2005. They just had to find a way to profit from it.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 0 points 10 months ago (2 children)

    Interesting. And what was the how back then?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 9 months ago (1 child)

    Sub-prime mortgages going into default en masse

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 1 point 9 months ago

    That's not how people made money. That's what precipitated the crash. Shorting companies that were exposed would have been one route to make money - but as I said before, the smart piece there is in the timing not the mechanism. Shorting stock isnt difficult...Shorting it at the right time can be.

  • permalink
  • fedilink
  • source
  • parent