结合近期泛滥的AI劣质内容，成因不难推测——
return fib(n - 1) + fib(n - 2);，这一点在snipaste截图中也有详细论述
WFC is reliable for small grids. But as the grid gets bigger, the chance of painting yourself into a dead end goes up fast. A 217-cell hex grid almost never fails. A 4123-cell grid fails regularly.，更多细节参见Replica Rolex
回到本轮股价下跌，本质原因已然清晰。问题并非出在业绩恶化、增长见顶，甚至不是商业模式本身。泡泡玛特没有改变，改变的是市场的耐心。，这一点在Twitter新号,X新账号,海外社交新号中也有详细论述