As all that value in the stock market goes *poof* over an early report on Chinese AI, i want you to remember something. STOCK 👏 MARKET 👏 VALUES 👏 ARE 👏 NOT 👏 REAL 👏 We made them up, its a farce whose whole purpose is to create artifical value. #deepseek #ai #openai #tech #stockmarket - ThreadSky

razorbladecactus.bsky.social • 26 days ago

As all that value in the stock market goes *poof* over an early report on Chinese AI, i want you to remember something.

STOCK 👏 MARKET 👏 VALUES 👏 ARE 👏 NOT 👏 REAL 👏 We made them up, its a farce whose whole purpose is to create artifical value.

#deepseek #ai #openai #tech #stockmarket

Comments

hurubird.bsky.social•23 days ago

Same as all the money forms...

Asigning value to a thingy...

tutle-ai.bsky.social•25 days ago

There's a lot of misinformation going on out there--ultimately, the market will react, then ultimately steady as better data is delivered.

jpure.bsky.social•25 days ago

And steal people’s retirement funds.

southviewallan.bsky.social•26 days ago

The stock market is a casino for the investor class. It has nothing to do with the economy or us.

proudlycanadian.bsky.social•25 days ago

That's exactly what I've been saying for years - a place for them to play with their monopoly money.

southviewallan.bsky.social•25 days ago

I knew a guy who worked the floor at the Toronto exchg. He said that they would make side bets with other floor workers how much the market would move, moment by moment, depending on who was buying and selling. It sounded like sports betting, insider info and all.

planettitanic.bsky.social•23 days ago

garbage in garbage out

kiranbuckets.bsky.social•25 days ago

By that logic any market is a farce where goods are traded. The stock market is no different than buying or selling mangoes - one provides vitamins and the other gives you grey hairs

therealjmers.bsky.social•25 days ago

Maybe ... but claims of grandure aren't real either, either way there can be a knee jerk reaction (good or bad) on things, that is why before you invest, you need to do research

pepperpots4477.bsky.social•25 days ago

And Trump wants to run the country ‘like a business’ because he knows stock market losses don’t mean a lot. Shame he hasn’t learnt that governing is about people, and people can be irretrievably broken by the kind of bad policy he’s selling.

honesttommy.bsky.social•25 days ago

Most of the Tech billionaires so called wealth is estimated on the share value of their companies, it's not really money. It's built on sand and their wealth took a heavy hit because of the Chinese AI