This is anecdotal, but I now personally know two employees of #AI-related companies whose valuations have imploded within the past month, and they are now looking to bail. One company lost 73% of their (publicly traded) value in a month. The other one is a startup whose founder (according to my friend) has “finally snapped”, and the company is now in freefall.
It feels like the bubble is bursting right now.
Dave Rahardja /
npub10w…rf0qm
2024-05-09 19:19:16
Author Public Key
npub10wnp0q097e5z76rm838d9f59dz5lfvw2xvwvr32lnpye0vrdjfqqdrf0qmPublished at
2024-05-09 19:19:16Event JSON
{
"id": "d9d30cb3c9c385a76ea15e561695af72a546dc766a933267b6dc3eb0aa62f471",
"pubkey": "7ba61781e5f6682f687b3c4ed2a68568a9f4b1ca331cc1c55f984997b06d9240",
"created_at": 1715282356,
"kind": 1,
"tags": [
[
"proxy",
"https://sfba.social/@drahardja/112412744500219124",
"web"
],
[
"t",
"ai"
],
[
"proxy",
"https://sfba.social/users/drahardja/statuses/112412744500219124",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://sfba.social/users/drahardja/statuses/112412744500219124",
"pink.momostr"
]
],
"content": "This is anecdotal, but I now personally know two employees of #AI-related companies whose valuations have imploded within the past month, and they are now looking to bail. One company lost 73% of their (publicly traded) value in a month. The other one is a startup whose founder (according to my friend) has “finally snapped”, and the company is now in freefall.\n\nIt feels like the bubble is bursting right now.",
"sig": "9acebd38a981900252006f9c9e9ea2474b02173050d037c07dfddd556052d8901998cf068900afbb0ca97196315ac4725553b5bf36189f5f6928b940f89b0ac8"
}