▲ 846 ▼ Cisco announces record revenue and 4,000 layoffs in the same day (arstechnica.com) submitted 4 months ago by FirmDistribution@lemmy.world to c/technology@lemmy.world 129 comments fedilink hide all child comments
[–] Rooster326@programming.dev 2 points 4 months ago (1 child) I agree. The stock market was a mistake permalink fedilink source parent hideshow 1 child comment replies: [–] wabasso@lemmy.ca 2 points 4 months ago Agreed. I participate as a thoughtless investor trying to maximize the growth of my savings but I hate that I have to even bother. Extra work, some guilt or anxiety around whether you made the right choices, and more complicated taxes. I think it’s horseshit that I’m effectively obliged to play in this casino the ruling class set up, just so my money retains its value against inflation. I’m not against my money being used to grow businesses. But then just let the bank deal with it and pay me a fair interest rate for lending it to businesses. I still haven’t been given a good answer as to why the stock price of a company should have any effect on its day to day operations or revenue generation. permalink fedilink source parent
[–] wabasso@lemmy.ca 2 points 4 months ago Agreed. I participate as a thoughtless investor trying to maximize the growth of my savings but I hate that I have to even bother. Extra work, some guilt or anxiety around whether you made the right choices, and more complicated taxes. I think it’s horseshit that I’m effectively obliged to play in this casino the ruling class set up, just so my money retains its value against inflation. I’m not against my money being used to grow businesses. But then just let the bank deal with it and pay me a fair interest rate for lending it to businesses. I still haven’t been given a good answer as to why the stock price of a company should have any effect on its day to day operations or revenue generation. permalink fedilink source parent