Perhaps you’ve heard of a company called Stitchfix. Their business model is, ostensibly, to use artificial intelligence to dress you. Anyone who has seen me in real life would properly suppose that neither artificial intelligence nor actual intelligence goes into my wardrobe selection, and I’ve certainly never bothered with the good people at SFIX. I will say, however, that in the four years since they’ve been a public company, they’ve definitely thrown off a “woke” and SJW vibe, as the graphics on their own home page make abundantly plain
Well, woke or not, the company’s stock has been an unmitigated catastrophe. Even in this fake, phony, false, artificial, utterly inorganic “market” that we’re cursed with, SFIX hasn’t managed to do anything but collapse, and just this morning it has lost about another one-fifth of its value.
Thus, incredibly, even though the company has been public for years, someone who had the foresight to acquire shares on the very first day would be showered with 0% gains, even after the Fed has thrown literally trillions of dollars at equity markets in a Stalinesque attempt to prop equity prices higher. Suffice it to say, if this were a real market, SFIX would never have suffered these losses, because they would never have been a public company in the first place.
