this post was submitted on 16 Dec 2023
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There's a very simple reason... The world is absurd, and we've designed an idiotic financial system full of issues
Here's the thing... If Apple didn't fool investors into giving them money, they might not have had the money to get through the difficult problem of getting to a production chain. And if Apple was honest and Google staged their demo, investors are going to be drawn to the party faking it
Obviously, there's many problems with this, and the fact that they can just cash out and never deliver cough Tesla cough. There's also the issue that this makes marketing and hype far more monetarily valuable than actual performance... It doesn't matter to investors if Tesla or Apple lies, they made real money if they time it correctly
The government is supposed to put boundaries on this kind of behavior, because if anyone does this, it lets scammers take resources that should go to companies playing honestly and actually making things
But know what else produces extreme return on investment? Spending money to shape regulations