Meta Wows Wall Street and Tesla Stops Building Cars

The American stock markets, collectively known as Wall Street, signify nothing valuable in their ups-and-downs, except the avarice and ignorant confidence in ‘up’ being good and ‘down’ not so good. Thus, in times of economic chaos, they doggedly follow one another off a cliff.

They do that every five years.

In the past century, the nation lived through 18 distinct economic recessions, an average of one every five and a half years. Credibility-wise, that’s a lot of times for investors to find their economic pants down around their ankles. Hence, Warren Buffett’s remark that “It’s only when the tide goes out that you discover who’s been swimming naked.”

Facebook-owner Meta to nearly double AI spending, cheers BBC News, as other executives warn of a potential bubble in the industry.

“A bubble?” chuckles Zuckerberg, “the only thing that bubbles at Meta (formerly Facebook) is profits, and they always float upward.”

He didn’t really say that, it’s my projection of his thoughts, and should have b…