RCA and the Great Crash
I am NOT predicting imminent collapse, but history is worth knowing. In 1921 Radio Corp of America (RCA) was $2.50 per share. By 1929, it was $568. People got very rich. Radio was the greatest technology ever, and changing the world.
In ‘29 when the crash happened it dropped to $15. By 1932, it was $2.63. It seems impossible to ignore the possible parallels with current technology boom and bubble. AI and SpaceX may change the world, but… Thoughts?