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koe123 2 hours ago

This is what I am always curious about with these tech valuations. They’re valued at multiple times earnings, often 30+. That implies 30 years to earn back an investment iff earnings are payed out. Yet all are immediately enshittifying or price gauging when they hit monopoly / have market share. Is the bet then that thats just gonna be the status quo? I guess historically it was a good bet.