Post #1609522
2026-01-26 20:54 UTC
@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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Replies (1)
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@qole@techhub.social 2026-01-26 20:57
@Flisty @pluralistic This stock market bubble has another similarity: the tech stocks have become a kind of monopoly, there's nowhere else to put your money, so the lock-in is even worse.