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Joined 1 year ago
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Cake day: June 5th, 2025

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  • This doesn’t make any sense if they have a stock market with AI stocks, these stocks have a value assigned to them, and that value makes up 40% of the value of the entire stock market. If these weren’t important and aren’t investment vehicles then why does any of the above exist? You’re telling us that $2.4T evaporating into thin air is meaningless to China?

    I’d be willing to bet money that if this article were saying the exact opposite thing, the comments here would be all about how “China is doing capitalism better than the capitalists.” I have zero love for our capitalists here and our absurd AI market, but this disingenuous tribalism is quite ridiculous.



  • But its also not not the same as looking to remove 60k employees. Right before my company did forced layoffs, they offered voluntary packages like this with the stipulation that if enough people didnt take them, it’d transform into involuntary layoffs.

    They are offering this to 60k employees and should all of them take it, that’s 60k fewer employees at the end of the day. Of course it’s unlikely for that to happen but not impossible meaning they’re prepared to lose all of these people.