this post was submitted on 23 Jun 2026
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124
U.S. tech megacaps slide as SpaceX extends slump, AI expense concerns grow (www.reuters.com)
submitted 1 day ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] tidderuuf@lemmy.world 69 points 1 day ago (1 children)

Who would have thought that a corrupt company who has massive ties to the most corrupt politician in history and is ran by the richest person in history would be the downfall of a massive bubble full of fraudulent claims and hopium investments and trumped up books?

Beef prices may be high but those rich folks are looking awfully delicious.

[–] KulunkelBoom@lemmus.org 10 points 1 day ago (2 children)

How many times do "investors" have to be taken to finally wise up? IT'S FUCKING RIGGED.

The stock market, real estate, bitcoin, futures, AI... Here's the dog... here's the pony... Oh looky mommy - a dog and pony show that looks JUST like the last one!

[–] HAL_9_TRILLION@lemmy.dbzer0.com 2 points 19 hours ago

It's more rigged than anybody wants to admit. It was down 500 today. It will be up 600 tomorrow.

[–] OwOarchist@pawb.social 5 points 1 day ago

They know it's rigged. But every single one of them thinks that they're the smart, special one who's going to be able to time it correctly, ride the bubble, and then jump ship right before it pops.

[–] EmilieEasie@fedinsfw.app 9 points 1 day ago (1 children)

Isn't this exactly what was expected? I think I am in kind of a bubble because it makes no sense to me that anyone would buy into SpaceX.

[–] zikzak025@lemmy.world 2 points 1 day ago (1 children)

it makes no sense to me that anyone would buy into SpaceX.

Index funds, mainly. The thing about index funds, though, is that they incorporate investments with little to no consideration of the product a given company makes. They just play a meta-game in the market itself with its own rules and conditions, and become attractive investments for portfolios looking for steady, "safe" growth.

[–] EmilieEasie@fedinsfw.app 2 points 1 day ago (1 children)

I guess I have more power over my 401k than most people do, or am just paying more attention

[–] givesomefucks@lemmy.world 6 points 1 day ago

It's vibes.

Specifically Tinkerbell vibes. If enough people believe stock price will go up, then it goes up.

Musk keeps making money, and enough people just care about that.

The dream of getting in major index funds, is every two weeks the fund buys more of your stock no matter what. That steady growth and his wild swings of market manipulation would be insane.

And lots of people will roll the dice if they can get some scraps. Along with some idiots who dump their life savings into it directly