this post was submitted on 05 Aug 2025
697 points (97.0% liked)

Technology

73740 readers
4076 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] krashmo@lemmy.world 7 points 2 days ago (1 children)

Your last sentence is spot on but it doesn't capture the full weight of the impact rich people vibes have on the world. The perceived value of every stock, and by extension the economy as a whole, is almost exclusively a vibe check of rich guys. There is no objective information about a company that is more indicative of that company's success than how rich people feel about it.

[–] anomnom@sh.itjust.works 3 points 2 days ago* (last edited 2 days ago)

And since Rich people are just interested in having the biggest number, they only invest in lines that are going up every quarter.

Mutual funds are doing the same thing, and since they’ve convinced the rest of us to invest our retirements into stocks instead of pensions, we’re all fucked when it fails.