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by blasrodri 2208 days ago
But there is an opportunity cost attached to it. Such a large sum of capital, on other hands could have created real value. This created none.
1 comments

As I mentioned elsewhere, this cuts both ways.

The 2.4 billion could have been used to create something bad.

It did create something bad: it made it tremendously harder for tech companies that might actually be able to produce some good to get funding because, for every investor other than the one's who're still throwing money at Magic Leap, this is a gigantic warning sign.