holy fuck, a shoe company… pivoting to AI? WHY

  • vrek@programming.dev
    link
    fedilink
    English
    arrow-up
    2
    ·
    8 days ago

    While stupid to pivot to Ai, the stock was only 3 dollars 2 days ago. The percentage increases are incredibly misleading, they were probably increased as a result of news stories of the company stock increasing 300% yesterday. Most stock brokers operate on if they think other people will want that stock later, not actual future value of the company or endorsement of any decisions of that company.