this post was submitted on 29 Oct 2026
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Alphabet shares record their worst day ever, shedding $500 billion in value (www.nbcnews.com)
submitted 1 week ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[–] phutatorius@lemmy.zip 1 points 4 days ago

And that's fine. It incentivizes some weird behavior, but there can be rational strategies that work in that environment, not only the deranged herd behavior that we see during speculative bubbles such as this one. And there are even worse methods of allocating money to investment opportunities (for example, politicians picking winners).