• kescusay@lemmy.world
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      11 hours ago

      The market is insane. The valuations for stocks connected in any way to “AI” have no connection to reality whatsoever.

      • spankysalmon@fedinsfw.app
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        5 hours ago

        It never has had any connection to reality. It’s always been at the whims of ignorant rich fucks that own most of the stock.

      • Lost_My_Mind@lemmy.world
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        11 hours ago

        You just described the entire stock market since the dawn of currency.

        AI is just the newest buzzword.

        • hperrin@lemmy.ca
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          10 hours ago

          I didn’t? I worked for them and the stock was part of my pay package.

          • spankysalmon@fedinsfw.app
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            5 hours ago

            I don’t mean any malice by this, as I understand what a pay package is, but you really should’ve started selling when “microslop” took off as a nickname.

            and if they don’t allow you to sell, you should’ve known you were being lined up as a patsy for the c-suits.

            • hperrin@lemmy.ca
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              3 hours ago

              I should have sold in October when it was trading at $520. But hey, at least I didn’t sell in March-April when it was at $380.

              The thing is, if you sell ~$100k in stocks (that you “bought” for way less than that), that’s a huuuuuge tax bill for the year, so I try not to sell in enormous chunks like that.