I feel like as an argument, this isn't really saying a lot. There's an idea that markets, including the information economy that a stock market hinges on, are efficient, and thus, inaccurate pricing pretty much cannot exist. But if you remember that this is just a convenient oversimplification, you realize that stock markets haven't ever once reflected reality from, like, the day they were invented.
The article is also a bit lazy in arguing that an AWS outage should be bad news for AWS. To the contrary, this outage serves as a powerful reminder how commonly used, depended on, and entrenched AWS has become — traditionally, outages tend to raise stock prices of companies suffering technical failures. It's more curious that in this case, no significant change either way seems to have happened.
5 Comments
MotoAsh@piefed.social · 5 pts · 287d
The stock market hasn't reflected reality for decades.
It is only now that reality sucks so bad that the disconnect has come in to question.
evujumenuk@lemmy.world · 1 pts · 287d
I feel like as an argument, this isn't really saying a lot. There's an idea that markets, including the information economy that a stock market hinges on, are efficient, and thus, inaccurate pricing pretty much cannot exist. But if you remember that this is just a convenient oversimplification, you realize that stock markets haven't ever once reflected reality from, like, the day they were invented.
The article is also a bit lazy in arguing that an AWS outage should be bad news for AWS. To the contrary, this outage serves as a powerful reminder how commonly used, depended on, and entrenched AWS has become — traditionally, outages tend to raise stock prices of companies suffering technical failures. It's more curious that in this case, no significant change either way seems to have happened.
MotoAsh@piefed.social · 1 pts · 286d
I agree: The stock market has only ever been a way for the rich to pull one over on poor people.
IronBird@lemmy.world · 4 pts · 287d
why would it go down on this? it's proof of the strength of their monopoly
Makeitstop@lemmy.world · 2 pts · 286d
That's why Microsoft had to respond in kind.