this post was submitted on 28 Aug 2024
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A couple of others I can think of:

  • Crypto-boom of 2016ish: GPUs/mining rigs
  • LLM/AI hype nowish: User generated data
  • 90's dotcom bubble: Server space
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[โ€“] [email protected] 22 points 2 months ago (1 children)

Yeah, over here we have this former rich guy (he lost his fortune thinking he was better at picking stocks than he actually was.) He got lucky and made his fortune as an early investor in a cell phone company in 2000s, and after that he's basically become a serial grifter. His covid enterprise was to buy face masks in bulk, repackage them, and resell.

Well, he got hit with a huge fine: The face masks were only approved as long as they remained in their original packaging. Once he repackaged them, they were no longer considered sterile, and as such no longer approved for medical use => false advertising

[โ€“] [email protected] 11 points 2 months ago

What a collosal moron