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And I don't understand why a serious media outlet is covering this at all. The entire article could be irrelevant the next day. Without any actual, meaningful

by fg137 3mo ago

And I don't understand why a serious media outlet is covering this at all. The entire article could be irrelevant the next day. Without any actual, meaningful news coming out of the company (important financial update, new product, bankruptcy etc), stock price moves are only meaningful to day traders, not anyone who is doing serious investing. LA Times is making themselves the same as CNBC or sources you find on Yahoo finance.

grosswait 3mo ago
Because anti-Elon thinking is a thing that really seems to impact the judgement of some people and this kind of news really gets them to engage
- small_model 3mo ago
  Bingo, hacker news has this tendency hence this is on the front page.
- root_axis 3mo ago
  The "anti-Elon thinking" comes from the things Elon says and does.
  - mparramon 3mo ago
    Like?
    - root_axis 3mo ago
      Inflammatory partisan and identity politics activism. Directly interfering in the u.s. government A consistent pattern of grandiose over-promising and under-delivering in his products (FSD, robotaxis, electric-semi, boring company etc) and plenty more
- rootusrootus 3mo ago
  It is nearly a perfect analog to TDS. All the way down to the uncritical supporters accusing everyone else of being the deranged ones. It would be hilarious if it did not have such a negative impact on bystanders.