Burn, baby, burn. π₯
this post was submitted on 29 Oct 2026
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Rookie numbers. Iβd love to see this doubled.
Their worst day so far.
Intel is down, AMD is down, SpaceX is going down slowly. Amazon dropped like a rock at the same time as Intel and AMD, but they seemed to have climbed out of the ditch somewhat, but as of yet still not up to where they were before 4pm CET yesterday.
Nvidia is also down, but not by much. In fact, a lot of America is down in stocks at the moment, while Europe is going up in stocks.
good. price of evil
POP
Bubbles donβt pop.
Elaborate please.
Are houses cheaper yet??
Good point.
That is a frankly absurd amount of money to lose in a single day and not go out of business!
Well they didn't actually lose any money just that some shareholders sold it for less than they bought it for today.
Maybe not even that. The people who bought at the top might not be the ones who sold. The ones who sold might be long-term investors who are still in the black because of the stock's huge growth in the last 5 years. Someone who bought the stock exactly a year ago is only down about 1.5%. Someone who bought 5 years ago has almost doubled their money.
All that has really happened is that the collective opinion of all Alphabet shareholders is that the company was overvalued by about 15% compared to what they thought it was a couple of days ago.
I hate capitalism.
We're gonna see a bloodbath as the whole thing teeters over the edge and then falls. Trade wars, real war, stupid decisions from an orange asshole. It'll all add up. We're about to be cooked.
I'll toss some oregano under my pits. If we're getting cooked I wanna smell tasty.
Maybe they should fire couple more stuff.
Artist credit?
It's from Non Sequitur, by Wiley Miller. Not sure if he's still active but his comics have been in print for decades.
Completly off topic, but English is such a frustrating written language. Re-read (is that past-tense or future-tense? unimportant!) the first part of the headline several times because I was reading:
Alphabet shares (as in file share) record (as in Guiness World) their worst day ever
Then pausing to try and decide if my brain was melting or there was a grammatical error; turns out I just read it poorly!
Whoever decided things like they're, their, there should all sound the same, and read, read should look the same; I wish them the worst day on record.
dude at least it's not japanese. Written japanese is easy to disambiguate, whereas spoken japanese is impossible to disambiguate to the point where the japanese themselves are trained to infer everything from context because everything they say is a homophone of everything else. And yet, despite being trained to do pragmatics since birth.... they're one of the most conformist peoples out there. Go figure.
More please.
itβll be back next week; theyβre a blue chip and will probably start injecting ads into ai anyway
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I for one look forward to the humorous Adam McKay movie explaining how we all lost all our pensions over this.
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I know the article is about google, but the bit about caterpillar is insane.
The bleeding even spread beyond the tech sector, as shares of the construction equipment giant Caterpillar β a key supplier of the machines required to build data centers β plunged 9.2% on Thursday. Caterpillarβs recent earnings report revealed that its revenue beat Wall Street expectations but by less than many traders had hoped.
So, their earnings beat expectations, but they didn't beat the expectations for how much they'd beat expectations, so the share price went down.
What is even going on at this point?
This also points out how the AI bubble is affecting the economy far beyond the tech sector.
Construction equipment used to be used for other things, not just building datacenters. But, since the start of the AI bubble, almost everything else has slowed down because they're dedicating so much construction equipment and workers towards building datacenters.
https://futurism.com/future-society/data-center-spending-ai-bubble-construction
In just 1 year, construction work on DCs has gone up by 64.5%. And, that's from 2025 to 2026. It's not like it was at a standstill in 2025. Meanwhile, residential construction is down significantly. And, there has been a 25% cut in construction related to manufacturing.
The stock market is just rich people's feelings
This exact thing has been driving me crazy for like a decade now. Say a company makes $1 billion in profit one year, and the next year isn't as good but they make $800 million. Still a very profitable company, but because it was less then the year before it's considered horrible and the company is basically going out of business.
You own land, and you decide to plant it full of one type of crop because the forecast promises you an excellent harvest. You don't have money, so you get a deposit from people buying the crop, in return of a certain share of the harvest. But most people that did so actually believe the forecast was very conservative and the crop will end up even bigger, so they'll expect more than you promised.
Then the forecast changes, and the harvest might end up smaller, and much smaller than the people expected. Some want their deposit back, but to do so they have to sell that share to someone else, but they buy it with the current forecast and demand, and pay way less for it.
People buying Caterpillar expected for a massive construction boom. Any kink to that forecast is going to cause some people to reconsider and pull their money to the next potential company able to fly to the moon.
Welcome to stock market, where the stock price is based on expectation instead of how well the company actually doing. There could be profit but if the profit is slightly less than last quarter, the day traders all gonna throw their baby tantrum.
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You should see NVIDIA stock after every earnings. They beat, by a lot. Stock goes down. Every fucking time. Stock market runs on vibes now.
That tells you how insane the stock market is, if you needed any more proof that is.
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anyone notice their search engine enshittify with dates? an advance search let you search between points in time, like between 2010 and 2012 specifically. you can't do that anymore. other search parameters are gone. along with renaming lake ontario it's the equivalent of history book burning.
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But all that AI is coming at a massive cost to Alphabet, which disclosed that it has committed to more than $1 trillion worth of multiyear spending agreements to fund the infrastructure, energy and leases required to run AI systems.
This is the problem right here: lack of faith. Google should announce $3 trillion in new AI commitments. Stock market are just a bunch of pussies that can't clap hard enough for Tinker Bell to live.
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