this post was submitted on 01 Oct 2025
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Technology

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[–] KingThrillgore@lemmy.ml 25 points 2 days ago (10 children)

Oh no!

Anyways what's everyone having for lunch? I'm having bean burritos.

[–] Korhaka@sopuli.xyz 12 points 1 day ago

Yay reddit worth less, wtf it's due to chatgpt?

[–] Blackfeathr@lemmy.world 23 points 2 days ago

Good, hope it crashes.

[–] db2@lemmy.world 18 points 2 days ago
[–] autumnstuff@lemmy.myserv.one 3 points 1 day ago

Oh well! there it is...

[–] Lucky_777@lemmy.world 11 points 2 days ago (1 children)

They were the architects of their own demise

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[–] TheObviousSolution@lemmy.ca 2 points 1 day ago* (last edited 1 day ago)

Does Reddit stock pay dividends or offer shareholder voting? Is most of it at least hell by their owners, giving at least a financial interest to having its value affected? Then it might as well be Yet Another Crypto Scam, in which case it isn't really going to affect Reddit because they've probably already cashed out.

What people don't realize is that the stock market is largely based off of on speculation on who's going to buy or sell when, the articles that tie it directly to how the company performing are basically fortune tellers either telling their customers what they want to hear or catering to their customers by manipulating how their readers will behave.

People use belief in the value of money to illustrate how crypto has value. The stock market is a far better analogy, and there are plenty of confidence scams to go along with it as well.

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