this post was submitted on 03 Jun 2024
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News

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[–] Reverendender@sh.itjust.works 119 points 5 months ago

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

[–] 9tr6gyp3@lemmy.world 37 points 5 months ago (1 children)

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

[–] Strider@lemmy.world 38 points 5 months ago* (last edited 5 months ago) (2 children)

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 5 months ago (3 children)

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

[–] disguy_ovahea@lemmy.world 5 points 5 months ago* (last edited 5 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 5 months ago

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

[–] Strider@lemmy.world 1 points 5 months ago

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

[–] Daxtron2@startrek.website 4 points 5 months ago (1 children)

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

[–] Strider@lemmy.world 3 points 5 months ago

Of course they do.

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

[–] Nobody@lemmy.world 28 points 5 months ago (1 children)
[–] CaptainSpaceman@lemmy.world 12 points 5 months ago

Ook ook mutha fucka!

[–] Tronn4@lemmy.world 22 points 5 months ago (2 children)

Sell me all the frozen orange juice futures yall got!

[–] Tyfud@lemmy.world 10 points 5 months ago (1 children)

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

[–] Tronn4@lemmy.world 11 points 5 months ago (1 children)
[–] FlyingSquid@lemmy.world 8 points 5 months ago* (last edited 5 months ago) (1 children)

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

[–] SynAcker@lemmy.world 4 points 5 months ago

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

[–] JudahBenHur@lemm.ee 3 points 5 months ago
[–] scytale@lemm.ee 17 points 5 months ago (2 children)

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

[–] Eezyville@sh.itjust.works 8 points 5 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 5 months ago

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

[–] Waldowal@lemmy.world 16 points 5 months ago (1 children)

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 5 months ago

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

[–] maniii@lemmy.world 13 points 5 months ago (1 children)

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

[–] FlyingSquid@lemmy.world 11 points 5 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 5 months ago

I saw this hacking movie before…

[–] granolabar@kbin.melroy.org 6 points 5 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 5 months ago

That's no glitch

[–] Kolanaki@yiffit.net 4 points 5 months ago* (last edited 5 months ago)

But it ain't no lie, baby

BUY BUY BUY!