Comment on Ubisofts stock tanked this morning ahead of the markets opening

dustyData@lemmy.world ⁨2⁩ ⁨months⁩ ago

• huginn@feddit.it ⁨2⁩ ⁨months⁩ ago

  That’s pretty normal for financial charts like this though.

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  • dustyData@lemmy.world ⁨2⁩ ⁨months⁩ ago

    And it’s dumb. It says all you need to know about the ethical integrity of most economists. Lying for profit.

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    • scrubbles@poptalk.scrubbles.tech ⁨2⁩ ⁨months⁩ ago

      Jesus fuck no, it’s a valid graph. It shows the relative trend over time and the sudden change. It may show less of a change if it was zero based, but a drastic change that is well off the normal trend is important to visualize. Also like, all exchanges have a toggle to flip to the zero based.

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      • dustyData@lemmy.world ⁨2⁩ ⁨months⁩ ago

        Look at this thread and realize that it’s just a lie. You can show the exact same information with a starting at zero graph, but won’t be able to push the “stock is tanking!” panic point. Publishers and marketers do this on purpose to manipulate headlines. This is why the stock market is mostly just high stakes gambling. No one involved is making rational decisions, just moving from panic to mania like bipolar patients.

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      • yannic@lemmy.ca ⁨2⁩ ⁨months⁩ ago

        I’d argue it doesn’t accurately show the relative value at a cursory glance. The chart shows the area under the curve having decreased roughly 80-90%, but when looking at the y-axis, you can see that initial assessment was misled.

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    • echodot@feddit.uk ⁨2⁩ ⁨months⁩ ago

      The axes are clearly labeled so I’m not really quite sure what the concern is.

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      • dustyData@lemmy.world ⁨2⁩ ⁨months⁩ ago

        [deleted]

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    • ArtVandelay@lemmy.world ⁨2⁩ ⁨months⁩ ago

      If you are trying to show year-over-year profit and you have $100 million give or take a few thousand, then starting your y-axis at zero is going to be a pretty worthless graph

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    • cheddar@programming.dev ⁨2⁩ ⁨months⁩ ago

      And that’s why I can’t take online activists seriously. 100% of agenda, 0% of brain.

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    • intensely_human@lemm.ee ⁨2⁩ ⁨months⁩ ago

      I totally agree man. This graph is misleading.

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• saddlebag@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Agreed. Took me a moment to realise they didn’t drop to zero. !dataisugly

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  • AlijahTheMediocre@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Who’s to say we can’t drop them to zero :)

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  • echodot@feddit.uk ⁨2⁩ ⁨months⁩ ago

    A stock would never drop to zero because the company would be liquidated before that happened. If the stock actually dropped to zero they would have no money they need to call bankruptcy before that point.

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  • JackbyDev@programming.dev ⁨2⁩ ⁨months⁩ ago

    You need to include the instance in the community name.

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• Grandwolf319@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

  It’s unfortunate standard with all stock graphs :/

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• Croquette@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

  There is no point of starting the chart to 0 since it doesn’t give any information other than the share price, which is already communicated by the Y axis anyways.

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