$Meta Platforms, Inc.(META)$ C

$Meta Platforms, Inc.(META)$ Circular financing again? $NVIDIA(NVDA)$ AMD. The actual term circular financing was also used for the electricity boom deals back in the 1920s. The core ideas here are solid, but the speed and nature of capital flows, charged with leverage and heavy speculation, have started to rhyme with that period. It feels like giving a kid a gun versus an adult. Long term I'm bullish, but smart money already has a sleeve ready for the inevitable three steps forward, one step back.

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