"Don't Be ̶E̶v̶i̶l̶ Profitable"

Advertising spending is down this year, Google is first and foremost an ad company.

Sucks to fucking suck

Still plenty of room to fall for the corpo that somehow thinks reddit data is still worth paying billions for.

Good.

If a value can plunge 500 billion then it never had that value at all. I think the stock market has been manipulated so badly that it doesn't work for anyone anymore (except the uber-rich of course).

lol

let me remind people of this headline: AI Bubble Bursts in China, Wiping $480 Billion

if 480 billion is "bubble burst", what is 500bn?

Just to add some context: it's a HUGE one day drop, but it just sets the stock price back 6 months.

The AI stock maket craze has been completely ludicrous in the past year.

Laugh it up folks. This bubble is going to tank America's economy first, then the rest of the world.

Lemmy: "The stock market is imaginary, the 'economy' is only for the rich, has nothing to do with me. LOL, Google bad!"

Half a trillion dollars just when "poof", and y'all yuckin' it up. 🙄 This may be the event that kicks off the fall, the market equivalent of an old-school bank run. "If GOOGLE can fall that hard?! Get ALL the money out of AI!!!" AI is most of America's GDP and stock market gains. Our economic health has been illusory for 2 years. Hold onto your butts.

(If you think I sound like Chicken Little, have a good look at the Buffett Index, past and present.)

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