Re:SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally
by dheera on Friday September 04, 2020 @10:00PM
(#24380805)
That too is a problem. The public shouldn't be the ones to decide whether or not we trust self-driving cars as a society. Science and hard data should decide that. Valuations should be determined accordingly, based on that science. In this particular case, the valuations of the entire self-driving industry should have been pegged by experts in the industry while the valuation of Uber should have been knocked down for negligence.
Trusting the public to set valuations on a per-trade basis directly results in the heavy hands at the likes of SoftBank scooping up full control.
This is unlikely. More likely the stock crashes because the event can be expected to decrease public trust in and enthusiasm for ML in general.
Blame for a one-off-event in a specific market usually isn’t a big deal. Adverse consumer sentiment with long-lasting impact on your entire bottom line is.