My theory: they’re just trying to push stock price for the short term as much as possible (by looking good on paper). Then they can cash out and let others figure out what to do with the dumpster fire in the long term.
They’ve made so many short-sighted decisions with Reddit lately, burning all good will of the community in the process, I can’t really explain it another way.
100% agree with you. Bots create engagement; even if it’s with other bots. Engagement brings advertisers. Advertisers bringing money makes the stock price go up. It’s a full on fabrication that’s manipulating the market.
I only “disagree” in the sense that I don’t think they’re thinking that far ahead.
I think a lot of what’s driving a lot of the more stupid capitalist behavior lately is an emphasis on stock price above all else. Don’t get me wrong, capitalism never had a fantastic incentive structure, but right now I think that the base instinct is to do whatever you can to bump that stock price. Even if that means laying off your workforce and ripping the copper out of the walls.
It comes out to the same place at the end of the day. Eventually you’ll simply do too much damage to the company and you certainly don’t want to be the one left holding the bag. But… I genuinely feel like noone’s thinking beyond the current quarter. It’s like capitalism’s in a panic mode where “the apocalypse is happening tomorrow so you might as well cash in whatever you’ve got” and has been for years.
My theory: they’re just trying to push stock price for the short term as much as possible (by looking good on paper). Then they can cash out and let others figure out what to do with the dumpster fire in the long term.
They’ve made so many short-sighted decisions with Reddit lately, burning all good will of the community in the process, I can’t really explain it another way.
100% agree with you. Bots create engagement; even if it’s with other bots. Engagement brings advertisers. Advertisers bringing money makes the stock price go up. It’s a full on fabrication that’s manipulating the market.
I only “disagree” in the sense that I don’t think they’re thinking that far ahead.
I think a lot of what’s driving a lot of the more stupid capitalist behavior lately is an emphasis on stock price above all else. Don’t get me wrong, capitalism never had a fantastic incentive structure, but right now I think that the base instinct is to do whatever you can to bump that stock price. Even if that means laying off your workforce and ripping the copper out of the walls.
It comes out to the same place at the end of the day. Eventually you’ll simply do too much damage to the company and you certainly don’t want to be the one left holding the bag. But… I genuinely feel like noone’s thinking beyond the current quarter. It’s like capitalism’s in a panic mode where “the apocalypse is happening tomorrow so you might as well cash in whatever you’ve got” and has been for years.