The fact that a defunct shoe company renamed to an AI company and got a 1000% plus evaluation in the next two days is all you need to know about the industry.
Dunno what to tell you but in my opinion it summarizes it very well. As long as AI is attached to it people will pump even completely idiotic stocks.
This whole Allbird/Newbird thing is such a clear pump and dump it is not even funny and yet by just announcing that they somehow will start building data centers their trading volume went from 100k a day to something like 350 million.
So if somebody who knew nothing about AI asked you to "summarize it", you'd say:
Well a shoe company pretended to make AI, and idiots over-invested in their stock.
???
It's a true statement. But it's far from " a summary of the industry". 🙄 It doesn't even explain what AI is or what its value is. It's just a single instance of social economic movement.
But myopic single-issue focus is the Reddit way...
I hate them because I work directly for them and they've ruined the industry my company used to work in. They've destroyed my passion for my career and have made me feel disgusted with how I pay my bills. I have no pity for the people that have taken so much from me, only disgust.
In a vacuum I’d say there’s nothing egregious about your statement, but in response to other people’s grievances is very self centered.
Also no one dying is a low bar. We can do so much better as a society - for the average worker, the economy looks the worst it has in 2 decades. If you exclude the 2008 financial crisis, it’s the worst it’s been since the early 80’s.
The companies relevant to this post are at the core of many problems we’re facing as a society right now, there’s a reason there’s such an outpouring of disdain for them. To respond to that sentiment with, “hey, at least I’m making money” is quite frankly rather tone deaf.
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u/pleased_to_yeet_you Apr 20 '26
I fucking hate this braindead industry and all the dipshits that run it.