eicker@lemmy.world to Technology@lemmy.worldEnglish · 2 days agoCompanies Are Realizing They’re Spending a Fortune on AI Just So Their Employees Can Generate Error-Riddled Slop, and Suddenly Cutting Back Budgets.futurism.comexternal-linkmessage-square226fedilinkarrow-up11.11Karrow-down121
arrow-up11.09Karrow-down1external-linkCompanies Are Realizing They’re Spending a Fortune on AI Just So Their Employees Can Generate Error-Riddled Slop, and Suddenly Cutting Back Budgets.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 2 days agomessage-square226fedilink
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·7 hours ago DJIA crested a new high September 3rd 1929 before stumbling 3% the next week. And over a century later, what has become of it? If someone bought $100 of stock in 1929, how much would it be worth today?
minus-squarejj4211@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·7 hours ago$100 of Krueger and Toll? $0
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-26 hours ago$100 of the entire DJIA on September 3, 1929 adjusted annually: $13,633 If you’d invested in January of 1929: $16,913 If you’d invested in January of 1920: $72,275 January of 1930: $31,708 It’s never gone to $0
And over a century later, what has become of it?
If someone bought $100 of stock in 1929, how much would it be worth today?
$100 of Krueger and Toll? $0
$100 of the entire DJIA on September 3, 1929 adjusted annually: $13,633
If you’d invested in January of 1929: $16,913
If you’d invested in January of 1920: $72,275
January of 1930: $31,708
It’s never gone to $0