invo_rt [he/him]

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Joined 5 years ago
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Cake day: July 26th, 2020

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  • Also, with the so-called “K” shape recovery, it increasingly doesn’t matter. Wealth inequality has gotten so bad that I believe it’s something like 50% of the economic activity in the US comes from the top 10% in terms of wealth. As this trend continues, the need to serve that bottom 90% of people becomes less and less attractive from a business standpoint.

    It reminds me of Nvidia. Only ~7% of their total revenue comes from gaming. The rest comes from B2B sales and data centers. They have little incentive to waste time and production capacity on gaming efforts. The lack of concern is exacerbated in that industry in particular because Nvidia controls ~95% of the discrete GPU market and there are so few alternatives.







  • Rent-seeking is always what capitalists want to do so my tinfoil hat theory is that big companies want to rent cloud computing capacity to the general public. I think about it more in gaming where there already existing cloud streaming services. As PCs and even consoles become increasingly unaffordable, that will seem like a more attractive option to people.

    Also, muh free market signals in a heavily consolidated and specialized industry where 2/3 players said they’re going to do nothing to expand capacity and just roll big on high prices. Invisible hand jagoff