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Share but backs were a simple, low risk way to inflate the share price and so every major company was spending cash pushing the price higher. Lay offs were wor
by Guthur 3y ago
Share but backs were a simple, low risk way to inflate the share price and so every major company was spending cash pushing the price higher.
Lay offs were worth a few percentage points on the share price. So everyone had an incentive to take away someone's salary.
"AI" is worth a few percentage points and so will be talked about as long as the payback is there.
None of these are going to meaningful change these companies or our societies for the better, they are only to continue asset price inflation. Because with out it the illusion would begin to crumble.