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Joined 2 years ago
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Cake day: June 21st, 2023

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  • Nah, this isn’t even about data control. This is about selling off the data, the forecasting infrastructure, the hardware, models, and most important, SATELLITE NETWORK that allow accurate forecasting. Commercial launches of scientific instruments are very very expensive with very little immediate ROI. It’s much cheaper to simply buy an existing entity out that HAS THAT and then piggyback their data - which is effectively what this is. AccuWeather has been wanting this for almost 20 years.


  • And? A lot of the big banking execs, and the rest of the billionaire class in general, seem to largely understand that we’re at the theoretical limit of “line goes up”. They’re happy to squeeze the last bit of juice out of the lemon before they retire to some bunker in New Zealand or whatever.

    Long term thinking is dead in much of the corporate world. The focus isn’t on next year, it’s on next quarter if not next week. A market crash would be easily predictable for a lot of financial firms now - they know what to spot, and the housing crash in 08 showed them that they can jump out pretty scot-free no matter what.