• superduperpirate@lemmy.world
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    7 days ago

    “Hey, if I eat the frag, I won’t have to spend all weekend getting hazed because my NCO found a pube inside my toilet during field day inspection…”

    • CanadaPlus@futurology.today
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      2 days ago

      Basically, it’s based on the value of a bunch of big, publicly traded companies. The whole “when the markets go up it means more economy” thing is an oversimplification, but it kinda works in that when things break profits go down, and so does the value of shares in ownership of them.

    • r00ty@kbin.life
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      6 days ago

      Basically if number goes up, then that doesn’t really effect your company’s finances and they cannot afford a pay rise. If number goes down, they’re sorry but they need to lay you off.

    • bstix@feddit.dk
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      6 days ago

      It’s a stock market index, which roughly shows if the market is going up or down.

      In reality it’s more like a casino roulette where everyone is betting based on previous wins.

      • CanadaPlus@futurology.today
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        2 days ago

        Except you definitely win over the long term instead of definitely losing, because Meta is a real company that gets real money off of it’s customers.