• Annoyed_🦀 @lemmy.zip
    link
    fedilink
    English
    arrow-up
    50
    ·
    8 hours ago

    Welcome to stock market, where the stock price is based on expectation instead of how well the company actually doing. There could be profit but if the profit is slightly less than last quarter, the day traders all gonna throw their baby tantrum.

    • MimicJar@lemmy.world
      link
      fedilink
      English
      arrow-up
      12
      ·
      7 hours ago

      Not to mention as much as this stock fall is “a big deal” it’s just fallen to where it was back in March. And of course that March fall was also a singular moment, because before that were just back to October 2025.

      So sure, they’ve lost a year of stock growth, and in a world of “line must go up” falling back a year of stock growth isn’t nothing… But it’s also far from the end of the world.

      Which is all to say, Google’s fine in the long run. Day traders don’t look at the long run, so for the moment “panic”, but ultimately it’ll pass.