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Reddit stock falls for second day as references to its content in ChatGPT responses plummet (finance.yahoo.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 75 points 1 year ago (9 children)

I don't care about their stock value but the situation fells so weird. So chatgpt refers to reddit less, and that makes reddit stock value fall. This really shows how much of the share value is pure hype and how much of "the economy" is pure manupulation of numbers instead of actual value.

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  • [–] 27 points 1 year ago (5 children)

    How decoupled stocks are from reality or value. It’s bizarre.

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  • [–] 21 points 1 year ago (3 children)

    Tesla is "larger" than all other car companies combined when they're virtually always "delayed" on actually shipping product. We live in bizarro world. Your livelihood is a single cell in a giant spreadsheet full of completely made-up numbers.

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  • [–] 10 points 1 year ago (1 child)

    Tesla sells itself as a technology innovation company, but it sells hype.

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  • [–] 16 points 1 year ago

    The thing that baffles me on that one is that it doesn’t stand up on its own terms. None of Tesla’s tech in 2025 is ahead of its competitors, and they’ve become so toxic as a brand that most top tier engineers don’t even want to work there.

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  • [–] 7 points 1 year ago

    You just described most tech stocks.

    As Cory Doctrow explains:

    the fundamental duty of every CEO of every high-growth tech company: explaining how his company will continue to grow. These growth stories are key, because growth stocks trade at a huge premium relative to the stocks of "mature" companies.

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