182
submitted 6 months ago by FlyingSquid@lemmy.world to c/news@lemmy.world
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[-] Reverendender@sh.itjust.works 120 points 6 months ago

It's almost as if the made up nonsense of the stock market isn't propped up by anything real.

[-] PenisWenisGenius@lemmynsfw.com 5 points 6 months ago* (last edited 6 months ago)

Boomers complain about youngsters wasting all their time playing pointless video games or fucking around on their phone and then turn around and do all this fake nonsense. At least video games are fun.

[-] MrMcGasion@lemmy.world 3 points 6 months ago

And if my actions in a game cause chaos, it's much more limited to a silly little game world, rather than ruining innocent lives IRL.

[-] 9tr6gyp3@lemmy.world 38 points 6 months ago

It seems all these glitches happen when a particular stock is halted. Whats the pattern here?

[-] Strider@lemmy.world 38 points 6 months ago* (last edited 6 months ago)

The pattern is they're making shit up.

Also, speaking from professional IT experience, there is no such thing as a glitch. (There always are things that occur and to be analysed and fixed, but the more critical the data is or the transactions are, the more robust things are built/done.)

[-] catloaf@lemm.ee 23 points 6 months ago

"Glitch" is just the layman's catch-all term for a problem.

[-] disguy_ovahea@lemmy.world 5 points 6 months ago* (last edited 6 months ago)

Like “hacking.” The vast majority of breaches are accomplished by password acquisition or social engineering. Why try to break 128-bit AES encryption when I can see your dog’s name on every instagram post? The user is most commonly the weakest point in security.

[-] Iapar@feddit.de 5 points 6 months ago

Thought a glitch is when a graphical interface bugs with artifacts and such.

[-] Strider@lemmy.world 1 points 6 months ago

Especially by these "laymen", which in fnancials absolutely know what they are doing.

[-] Daxtron2@startrek.website 4 points 6 months ago

Things definitely go wrong in production all the lmao, even critical systems can fail

[-] Strider@lemmy.world 3 points 6 months ago

Of course they do.

By bugs (self or dependency), negligence, wrong setup or architecture, for example.

[-] Nobody@lemmy.world 29 points 6 months ago
[-] CaptainSpaceman@lemmy.world 13 points 6 months ago

Ook ook mutha fucka!

[-] Tronn4@lemmy.world 22 points 6 months ago

Sell me all the frozen orange juice futures yall got!

[-] Tyfud@lemmy.world 10 points 6 months ago

Ironically, this would net them huge profit right now with the global shortage of orange juice happening.

[-] Tronn4@lemmy.world 11 points 6 months ago
[-] FlyingSquid@lemmy.world 8 points 6 months ago* (last edited 6 months ago)

If only we could see more of what happened to them in Coming to America happen to other traders...

[-] SynAcker@lemmy.world 4 points 6 months ago

Yeah, but they end up getting a bailout from a rich unknown benefactor.

[-] JudahBenHur@lemm.ee 3 points 6 months ago
[-] scytale@lemm.ee 18 points 6 months ago

Maybe they're scrambling to do something with GME because of DFV's post yesterday. lol

[-] Eezyville@sh.itjust.works 8 points 6 months ago

I really like the idea of random people causing chaos in the stock market. Fuggit I've got nothing to lose.

[-] IchNichtenLichten@lemmy.world 3 points 6 months ago

They’ve covered those calls they sold him, right?

[-] Waldowal@lemmy.world 16 points 6 months ago

That glitch that discounts stock prices by a percentage?! What? Does that block of the code normally only discount a stock by a percentage under different circumstances?

[-] mrgreyeyes@feddit.nl 7 points 6 months ago

You can invoke it with "speaker of the house" privileges.

[-] maniii@lemmy.world 13 points 6 months ago

I read somewhere that Berkshire Hathaway HFT algorithm was to blame for the "glitch".

[-] FlyingSquid@lemmy.world 11 points 6 months ago

HFT should be banned. If we're going to keep up this illusion of a stock market, at least make humans do it.

[-] Coasting0942@reddthat.com 8 points 6 months ago

I saw this hacking movie before…

[-] granolabar@kbin.melroy.org 7 points 6 months ago

Wrong people lost money, it ain't no thing tho, they undid them trades today...

Clown fucking markets

[-] zcd@lemmy.ca 6 points 6 months ago

That's no glitch

[-] Kolanaki@yiffit.net 4 points 6 months ago* (last edited 6 months ago)

But it ain't no lie, baby

BUY BUY BUY!

this post was submitted on 03 Jun 2024
182 points (97.4% liked)

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