- cross-posted to:
- technology@lemmy.ml
- technology@lemmy.zip
- cross-posted to:
- technology@lemmy.ml
- technology@lemmy.zip
CWs: Cory Doctorow, newsletter, mentions of his upcoming book that he’s selling.
CWs: Cory Doctorow, newsletter, mentions of his upcoming book that he’s selling.
I don’t know the exact numbers but I doubt these 7 companies employ enough people to cause a recession even if they fired everyone. Hell, they are laying of a lot of their employees already.
The economy is weird man, it’s all about collective vibes. If enough people in the right places care about these companies, they’ll see small changes and freak out, making their own small changes and so on and so forth.
Vibes is a pretty loose way of putting it. It’s about information and lack thereof. Like a poker game or a real time strategy game. You might have some idea what your opponents are doing but you don’t know exactly what it is, and you don’t know if it’s actually going to work or not. You also have plenty of cash (minerals, vespene gas) to spend on a possible defence that may not work out.
Or it will never work out because you tied 20% of your company’s value to vaporware and the bad vibes cause panic selling of your stock.
One third of the stock market’s value suddenly dropping by 80% would definitely have wider reaching affects on other companies, leading to further issues.
https://en.wikipedia.org/wiki/Parable_of_the_broken_window
over 2.3 million people. yeah it’d be pretty big.
Wou… Is that globally?