“Who is the other side of these trades?” is one of the most interesting and least covered stories in a mania.https://twitter.com/nathanielpopper/status/1031574913511915520 …
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There was a certain virality to dot-com era investment, aided and abetted by the news media, but there were not organized groups on Reddit and Whatsapp who have literal spreadsheets for their recruitment targets.
I've been exploring the hypothesis that the big thing social networks do is allow people to be social again. They get to talk to each other about what they actually want. We assumed that was presumptively good, but like most things in tech, it was actually neutral.
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