Post #1609521

2026-01-26 18:32 UTC

@qole @pluralistic on the same theme, Ed Zitron has just done a piece on how enshittification has moved up to the next step into the stock markets. He hasn't mastered the art of succinct writing but TL;DR - the US stock bubble is propped up by tech stocks and none of the analysts have any motivation to be honest with their analyses. https://www.wheresyoured.at/the-enshittifinancial-crisis/

Replies (2)

@qole@techhub.social 2026-01-26 20:54

@Flisty @pluralistic While I don't think a stock market bubble is enshittificaton, that article made me realize that there's a strong similarity. Investors and analysts get drawn in by a rapidly ascending stock, and then they're "locked in," with very literal switching costs. Everyone is invested in keeping the stock price going up, and so they'll accept flimsier and flimsier reasons to keep pushing the price up. This goes on until the charade cannot continue, when the emperor is standing completely naked in front of the crowd and nobody can pretend anymore.... 🫧💥

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@Flisty@mstdn.social 2026-01-27 09:48

@qole @pluralistic just been reading about the Dawn supercomputer in Cambridge and found this article from June 2024. https://www.datacenterdynamics.com/en/analysis/breaking-dawn-inside-the-uks-newest-ai-supercomputer/ On the topic of why they chose Intel over Nvidia: '“Nvidia’s direction is clear,” Dr. Calleja says. “Every move it makes is to make its ecosystem more proprietary so there’s more lock-in and it can keep its share price at the current level. It’s madness and it has to change because the ecosystem needs competition.'

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