| ▲ | bagacrap 2 hours ago | |
I think it's the opposite. The stock market is doing this to big tech. In 2022 these stocks were sold mercilessly until they announced layoffs. CEOs fell in line because their ultimate boss is the stock market. Then in 2023+ it was all about how many times you can say AI. Until 2026 where it's a little bit more "show me some revenue growth". These companies are not the ones controlling their own stock price. It used to be the case they bought back a lot of stock, which you could say is a sort of "manipulation". But now the opposite: they spend over 100% of profits on the data center buildout. | ||