Silicon Valley! Unprofitable debt and marketing all the way up until you get bailed out by the taxpayers, apparently.

I'm not seeing that happening. Unlike banking and housing there's not much systemic or political risk in letting these companies crash. It's mostly going to hit a very small number of high net worth people who don't have a lot of clout and are oddly disconnected from the rest of the economy.

	▲	scottLobster 7 hours ago \| parent \| next [-]
		Virtually everyone's 401k is overexposed to these companies due to their insane market caps and the hype around them. If they go every S&P 500 and total US market ETF goes with them, right as the Boomers start retiring en-masse. Even Vanguard's Total World Index, VT, is roughly 15% MAG 7. That's not even getting into who's financing whom for what and to whom that debt may be sold to.
	▲	bogomipz 7 hours ago \| parent \| prev [-]
		This is incorrect. A lot of these companies are raising debt to pay for these datacenter build outs. And that debt has already been sold to pension funds. The risk has already been spread. See Blue Owl Capital and how Meta is financing its Hyperion datacenter. They raised 30 billion in debt. Main street is already exposed as those bonds are in funds offered by the usual players BlackRock, Invesco, Pimco etc.