The existence of these institutions hinges solely on the reputation we assign to them. If we collectively recognize them for their role in perpetuating economic inequality, catering primarily to privileged white adults whose parents bought them a ticket to attend, their worth will diminish rapidly over time.
VR sickness is still the largest barrier to large scale adoption. I've been following research by Meta/Reality labs closely but despite them investing billions in VR they seem to have not bothered investigating VR sickness at all.
See the bigger picture here: this is a white swan event that can finally raise unemployment, bring wages down and lower inflation and will cause the fed to finally stop raising interest rates. Yes it sucks for the VC/startup folks but the years have been good for many of these and they can afford a haircut more than anyone else in our society.
Trump & republicans cut banking regulations and increased capital thresholds from 50 to 250 billion for banks to comply with an FDIC stress test as mandated by Dodd-Frank (which was enacted after the mortgage crisis). SVB would have not gone bankrupt had they been required to pass this stresstest. This change was widely supported by tech companies and banks and here we are again with a bank engaging in risky behavior holding out their hand for taxpayers to bail them out: NO.
Trump and republicans increased the capital treshhold of banks from 50B to 250B where banks must comply with an FDIC stress test as defined by Dodd-frank regulations. A small bank like SVB would have probably been required to hold more capital and wouldn’t have gone bankrupt.
These trucks can all be charged with 240V whereas the Tesla semi requires a 1000V (mega charger) which isn't available anywhere yet. So these trucks are all contending with being far more practical.
Before airBNB I used to rent cabins quite often on the California coast where you would probably spend $350-$500 for a weekend. That amount right now is just the cleaning fee. Maybe better for owners and airBNB to have fewer guests who pay more but it sucks for consumers.
Visual-vestibular conflict (the main cause of VR sickness) can either be caused by lag (stationary) or vection, i.e., the illusion of movement while locomoting.
I was going to comment that Steve Jobs would be turning in his grave if he would hear about this, but unfortunately Apple was already the money grabbing company today that it was back then as well.