• rozodru@piefed.world
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    13 hours ago

    “If a company isn’t making as much money as quickly as it, and investors, thought it would” that’s the sign, saved you the click.

    • Rothe@piefed.social
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      1 hour ago

      Which is a useless metric in today’s market, since none of the AI companies have made a single cent yet, in fact they are bleeding billions, but are still receiving billions in investments, most of it from other AI-involved companies.

    • benjirenji@slrpnk.net
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      3 hours ago

      Duh, aren’t we passed this situation yet? Millions and even billions of workers should’ve been replaced by now. Many problems including coding: solved.

      Or are investors really this patient and resilient when it comes to hollow hype?

      • pinball_wizard@lemmy.zip
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        2 hours ago

        Or are investors really this patient and resilient when it comes to hollow hype?

        Yes. They’re the salt of the Earth - you know - morons.

      • Danarchy@lemmy.nz
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        10 hours ago

        I’m beginning to think they don’t actually have anyone on the inside at any businesses

    • CapuccinoCoretto@lemmy.world
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      12 hours ago

      But that isn’t how greater foolism works. It doesn’t matter how stupid one is, as long as there are others more stupid.

  • DandomRude@lemmy.world
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    11 hours ago

    If even the goddamn BusinessInsider comes to this conclusion, I wonder why they don’t also realize that all stock market transactions work this way today. None of this has the slightest connection to the real world anymore. Stock prices are determined purely by how many billionaires—or rather, their concentrated capital—are betting on which companies. And here’s the key: They always win, because even with the most absurd business ideas, they can drive up the price, which only crashes after the super-rich have sold their shares.

    This makes it very easy to understand why the dumbest people in the world never lose money, as long as they’re rich enough.

    Humanity is footing the bill for this, and it’s now becoming very clear just how high that bill is.

      • DandomRude@lemmy.world
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        18 seconds ago

        Well, if they were to start doing this on a large scale, everything would probably collapse pretty quickly.

        If, for example, BlackRock were to pull its billions out of AI companies, “the market” would be terrified and smaller investors would start asking about the business model—then they’d quickly realize that it doesn’t add up at all, and they’d want to sell their shares as well, because even this giant player has lost their trust.

        The result would likely be the collapse of the global economic system, since such absurd amounts of money are at stake here that a crash would make the 2003 banking crisis look like a minor slip-up.

        The bitter truth is that this will almost certainly happen sooner or later—and this time, governments will no longer be able to step in to bail out the “systemically important” megacorporations, because the sums involved are so vast that even the richest countries in the world can no longer foot the bill.

  • yesman@lemmy.world
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    11 hours ago

    When financial publications are giving advice on how to trade inside a bubble, that’s a leading indicator that the bubble is about to pop.