Ed Zitron is on fire most weeks in his newsletter. Some of the time he goes over the top for me, but it is hard to dismiss that he has his finger on the pulse of what is happening right now. He said something in his newsletter this week that caught my attention and reflects what I am seeing at the intersection of API operations and AI hype and hustle which I think sets the tone right now more than any single technological trend.
“The definition of a “good business” has changed from one that makes good products at a fair price to a sustainable and loyal market, to one that can display the most stock price growth from quarter to quarter.” - Ed Zitron
I spent about an hour within the secondary markets contemplating how I will buy or sell my stocks, which is a space that helps make the AI hype right now more logical—it is just crypto. With all the focus on scale and performance, and good businesses becoming just about movement from quarter to quarter, you realize just how drastically ever aspect of our personal and professional lives has been financialized and turned into a casino.
