$1 trillion wipeout

And yet everything is the same as it was yesterday in the real world.

I don't get excited about headlines, even if I have no reason to believe they are false.

That said, 9% seems... big. But I don't really know.

Well, it's not the end of the world. Not by a long shot. It's share we talk about. It's value depends on what people are willing to pay for it. So much of it is fictive money.

Disposable income is down. Walmart, while also evil to the tune of $423 billion across a family, has better service without a membership.

What are Walmarts shares doing? Are things actually down, or are online shoppers who want fast delivery just shifting marketplaces?

Ah yes, huge selloff. That must be why we're *checks ticker*... up 1,000 points.

Wait, is it happening? Do I need to dig out that ron paul gif?

Burn, baby, burn!

As a 51 year old you'd think I'd be worried about a stock crash wiping out my pension, but the joke's on then - I could never afford a pension.

Word how NPR's financial segment today was talking about the stock market surge today.

As much as I want the proper bubble burst, most loss will be recovered in a week or two

Their revenue is growing. Their revenue only from Amazon sales to consumers is also growing (excluding things like AWS, streaming, and advertising). The proportion of sales to Prime members is growing (they stopped reporting Prime membership, but we can presume that it also growing, from this).

The few people boycotting Amazon, maybe for short periods of time, isn’t enough. Every small step is helpful but we need much, much more.

For my part I last used Amazon services in 2024. (personally, not counting AWS at work)

Nature is healing

Nvidia hasn't really fallen yet. Across six months it's pretty flat. Nothing like Microsoft or Amazon which have significant dips.

Get the popcorn ready :3

:)

I wonder if boycotting of big tech will be swept under the rug of AI fear…

I'm sure we can collectively, across the whole of planet earth, do a better job of destroying Amazon the company and the people who run it.

That's going to be lovely for all the people who mistrusted the COVID vaccines, now they don't have to worry about a government trying to control them with things inside it