alt Hacker NewsYou don't know in advance what is going to make you money. Investments are risky.
In 2026, we know that SpaceX is a huge success. In 2002, it was just one of very many space startups, the vast majority of which ended up bankrupt, and before the last Falcon 1 flight, it was already on the brink of bankruptcy. They were incredibly lucky that the last rocket they had money for actually reached orbit.
During the same time, John Carmack invested into Armadillo Aerospace, and lost money.
Was he less "greedy" than Musk only because in retrospect we know that one didn't pan out and the other did? Or were they both simply risk takers in an uncertain field, motivated by a mix of incentives?
That is a complete distraction from Meta in particular selling social media hard to kids even knowing that their work explicitly caused mental harm.
This is not a I own stock am I culpable issue, it is a company knowing their product is dangerous and ignoring the issues because it doesn't make them more money.
Same shit as the tobacco industry. People do banally evil shit for money.