I don’t think it’ll happen until after the Anthropic IPO, big investors need to cash out first before they tank the economy again.
Agreed. The ones on the inside ring of the grift haven’t yet cashed out at what they think is “the top”. And until the backroom deals are signed which guarantee US 401ks and teacher pension funds will pay for all of the bailouts, they’ll keep all the plates spinning.
<2% drop is nothing. So far it’s just Google.
5 year graph
Another nothing burger.
Well the Google one is a something burger and considering it’s directly a result of AI taking away money from search, it’s worth talking about.
Yeah and it’s just a correction based on revenue numbers that are still climbing, not some panic movement. Investors being careful today actually reduces the size of the bubble organically, reducing the risks that it will even burst at all
if it’s going down, you gotta go all in, right? right?
Yep. Black numbers mean your money is disappearing, red means you’re making it near light speed. The - before the number means you’re subtracting funds from the other suckers.
thanks for the fish :3
BLACK FRIDAY BLACK FRIDAY BLACK FRIDAY BLACK FRIDAY BLACK FRIDAY BLACK FRIDAY!!!
it was black monday
That’s a big chunk but ups and downs are very common. There are 365 days in a year.
“I hope my apartment building burns down because I don’t like the people who live in the penthouse. Even though they have a helicopter on the roof and will just fly away, leaving everyone else, including me, inside to burn.”
AI is the entire world’s economy. No one is walking away from this unscathed, except the extremely wealthy who built the bubble or like, the bottom 1% economically who have already have nothing. The rest of us will be joining them. I’m not sure why so many people are excited for this, unless you like eating cat food and think retirement is overrated.
This is a 88 page report on what a bubble actually is (Spoiler: It doesn’t mean AI or “big tech” or billionaires stop existing or suffer any consequences). Please read it and stop ignorantly cheering on large scale human suffering. Or just look at the section titled “NEGATIVE WEALTH EFFECTS AND IMPACTS ON WORKING FAMILIES.” At the very least, read the summary, that alone should be enough to keep everyone awake at night.
Fuck you, no it’s not. It’s the stock market, which is not the same as the economy.
And AI isn’t propping up the actual economy. If anything, LLM’s have veen dragging the economy down for years
And how exactly did AI become the worlds economy? Oh right, by becoming a bubble. We wouldn’t be in this situation if there was no bubble. It wouldn’t be the worlds economy if it had popped sooner. And you’re here telling us we should let it become even bigger because if it pops now it’s going to suck ass. It’s going to suck even more ass later because it will be an even bigger part of the worlds economy and there’s no scenario where it won’t pop. There’s no riding it into some kind of an economic boom that offsets all the fucked up speculations the ultrawealthy have done. The sooner it pops the better is it for all us because while we’re now stuck with it our pain will be less today than it will be tomorrow.
And just as a reminder, the longer it continues the more data centers get built and the more natural resources get sucked up into this bubble and the worse the living conditions get for the people that are forced to live around those data centers. Even if it somehow magically doesn’t pop our lives will still be worse off for it.
Uh, read the room. This is the “fuck AI” comm. People are mad for a variety of reasons and we want schadenfreude, if not guillotines!
I think the majority already understand that. I’m not looking forward to seeing my retirement account and investments fall off a cliff and not come back up for years. But since we’re already in a bubble that will violently pop, people would rather get it over with sooner than later.
