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Google has worst stock drop ever due to AI


ThisGuyTony
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7 hours ago, LaLa said:

right, like I want all this AI bullshit to crash and burn, but then I remember my measly retirement accounts are probably more tied up in everything than I like to think about :traumatica:

Ur Canadian right? I dont know how you set up your investments but if your disproportionately investing within Canada, Canadians are a little less exposed to AI than Americans

 

Still tho, theres always some knock on effects of course

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10 hours ago, Hadrian said:

Google needs to join Enron.

soon GIF

That The Smartest Guys in the Room surfaced to mind as soon as I read “explains how it could affect your 401k”—a narrative parallel!

 

A bubble dream!

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14 hours ago, Hadrian said:

Google needs to join Enron.

soon GIF

Is that even possible? Google is so integrated globally — not just the search engine and the ad stuff but also they make Android, which is like the dominant OS for phones globally. Enron was… I don't even know lol

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Meanwhile, Apple, who "lost the AI race", surpassed NVIDIA (major AI supplier) as the most valuable company in the world (for the tenth time now) :ladyhaha:

If you see me posting like crazy, I'm either bored or procrastinating.
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1 hour ago, YASKALE said:

Is that even possible? Google is so integrated globally — not just the search engine and the ad stuff but also they make Android, which is like the dominant OS for phones globally. Enron was… I don't even know lol

I was thinking about that also, but more so back when social tech started getting egregiously emperor’s wardrobe …

I figured Facebook/Meta would be the Enron scapegoat, it was integrated enough to make a statement, but not integral enough to proper collapse systemic corruption …

Alphabet, Apple, Amazon felt too central to the global economic framework, and the other socials felt too negligible …

Meta read like just enough to Enron, but whew, Google would be a wilde dark horse!

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21 hours ago, DopeEnigma said:

No T I would love to see all these large corporations fall like dominoes, it’s time everyday people had the cards again. 

No exactly. Unfortunately with corrupt governments like the USA, they can make the decision to spend billions of tax payers dollars to bail out mega-corporations. Which is absolutely f.ucked. The citizens end up paying for these billion dollar companies to keep them on their feet while their economy suffers. Truly a capitalist dystopia

I'll be myself until they fūcking close the coffin.
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27monster27
23 hours ago, jimmytimestep said:

sadly those regular every day americans with a 401k will lose it first

At this point I feel like the late-stage capitalist world we live in is just a giant pyramid scheme.

he/him/his
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