This is a most excellent place for technology news and articles.
Pretty soon the stock market is just going to be GameStop, and the people who believed that stock was showcasing the fundamental cracks in the market. Wall Street has never cared as much when it comes to warning people what a risky stock GME is...but that's just because they're Marianas Trench level underwater shorting that stock. GME will be the last stock standing when it all comes undone.
Ad hominem attacks and FUD incoming in 3...2...1...
Buy The Dip
Oh no! Anyway
"value" lol
lol
Not enough. I want them burning. I want their CEOs, the Epstein class, strapped to the walls and the people pissing on them.
Burn, baby, burn. 🔥
DISCO INFERNO!
Well struck, sir!
Gazoline is at a record high, but I will happily fund a Jerrican to feed this fire.
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.
Intel is down, AMD is down, SpaceX is going down slowly.
Off of stratospheric highs. They're now merely overvalued, rather than extremely overvalued
Every big financial crisis has a few pump and dumps along the road before the real sell-off starts, which is all in the hands of the actual elite.
Rookie numbers. I’d love to see this doubled.
good. price of evil
That is a frankly absurd amount of money to lose in a single day and not go out of business!
I bought a block of cheese for $10. Yesterday someone offered me $12 for it. Today someone offered me $8 for it. Where did the $4 go?
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.
The degree to which share price discovery is fundamentally rooted in optimistic speculation, as opposed to any actual evidence... at some point talking about "value" becomes a little weird. "Overvalued by 15%" reads like a chemist doing a titration.
People were more interested in selling than buying yesterday.
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.
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.
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 — a key supplier of the machines required to build data centers — plunged 9.2% on Thursday. Caterpillar’s 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?
The stock market is just rich people's feelings
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.
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.
I for one look forward to the humorous Adam McKay movie explaining how we all lost all our pensions over this.
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.
Did you see the part where their revenue was down because fewer ads were being served because people are using their stupid AI summaries instead of searches? God, these people are short-sighted.
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.
Alphabet shares record? That's nice, I wonder if its 45 or 78RPM.
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.
Japanese is easy, I'm something of an expert myself
Domo arigato Mr robato!
it’ll be back next week; they’re a blue chip and will probably start injecting ads into ai anyway
