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

• 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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      • scrubbles@poptalk.scrubbles.tech ⁨2⁩ ⁨months⁩ ago

        The stock is tanking. 20% is a huge drop for any massive company. Do you know how much money disappeared overnight because of this? From my very rough calculations, Ubisoft just lost aobut 300 million dollars because of this drop. That’s more than any fine they’ve had.

        The worst day in Stock Market history was Black Thursday, the beginning of the Great Recession. The market only dropped 11% that day. These are massive numbers, that I don’t think you fully appreciate or understand. The stock market usually deals in single digit or more likely fractional amounts of change. Double digit changes are a huge deal.

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      • protist@mander.xyz ⁨2⁩ ⁨months⁩ ago

        You can see right there at the top of the graph it’s down 20% in the given timeframe. There’s nothing misleading at all about zooming in on the data in this chart

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      • chris@l.roofo.cc ⁨2⁩ ⁨months⁩ ago

        If you are not in for the dividents or the voting privileges stocks are always a game of “I hope someone is dumb enough to pay more than me for these shares”.

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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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      • echodot@feddit.uk ⁨2⁩ ⁨months⁩ ago

        Are you being paid by someone to be especially stupid today, or is this your normal level of comprehension? I hope so because right now you seem like this the sort of person that would find stairs confusing.

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      • Kraven_the_Hunter@lemmy.dbzer0.com ⁨2⁩ ⁨months⁩ ago

        Y.y…y…you do know what the plural of ‘axis’ is, right?

        For as much as you’re showing what you don’t know in this thread, I still can’t believe you don’t know this one.

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      • Dremor@lemmy.world ⁨2⁩ ⁨months⁩ ago

        Unless you are not just sarcastic:

        dictionary.cambridge.org/dictionary/english/axes

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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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