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Intel crashes 29% in worst day since 1974, wipes $140B (worldbusinesswatch.com)
submitted 1 week ago by to c/pcgaming@lemmy.ca
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[–] 12 points 6 days ago* (2 children)

They were at 20 dollars a share 2 years ago, so, like, still a 3x increase in value since then. Just, dumping all the “Unga bunga! Datacenter carpeting planet!” Over hype valuation

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  • [–] 1 point 6 days ago (1 child)

    Something that could be said after Black Tuesday in 1929: The DJIA was under 200 2 years ago, so, like, still a 25% increase in value since then.

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  • [–] 2 points 6 days ago

    One of the unspoken secrets of the Great Depression. The rich guys still only got richer, even as unemployment skyrocketed and public amenities were gutted.

    The worst years for Wall Street were between the 1940s and 1960s, when the public sector surged and Americans saw the biggest increases in quality of life.

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