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It's not diluting the definition, it's expanding the definition.
"Legally" just means words written on paper, words that can be changed with legislation.
Don't get this twisted, the law isn't some unchanging monolith just because modern governance has been at a standstill when it comes to legislation. There's "legal" ways to expand the definition until what Big Bird is saying is the legal definition.
I would argue expanding the definition is important, because people need to see spending millions on stock buybacks while cutting wages and cutting jobs to all help boost the stock as the theft of value that it is.
Further, language evolves and if there's one thing I can't stand, it's people who refuse to accept that the definition of words can grow and change. So spare me the pearl clutching over the "proper, legal definition." This is solarpunk memes, not boringdystopia memes.
Things have meaning. In the process of expanding the meaning, the meaning is made less pointed. If it has less of a point, it becomes broad (or diluted). So to make the original point, one must find new words, since the original definition has been so watered down and broadened.
Go tell that to the likes of Baudrillard and Derrida.
Referencing people whose communication styles are notoriously difficult to understand for average people is not great support for your point.