YHK - yet another hacker news clone

Nasdaq plummets 4% into correction territory

24 points kristianp 50 minutes ago 7 comments

Tadpole9181 23 minutes ago | parent

> Plummets

Still +4% YoY.

24/7 sensationalist news is just exhausting.

thomassmith65 12 minutes ago | parent

Reporting on the stock market generally is overwrought (stocks always "soar!", "plummet!", "rocket!") because the kind of typical events are inherently repetitive. Sports reporting is the same.

That said, the Nasdaq hasn't seen a lot of -4.8% days recently. This particular article isn't egregious.

dcrazy 12 minutes ago | parent

+4% YoY and -4% in a day are vastly different in timescale.

zamadatix 3 minutes ago | parent

Seriously, according to the headlines I've seen shared here since June you'd think the market got wiped out 5 or 6 times.

chollida1 14 minutes ago | parent

Alot going on today. a 4% drop in a day is pretty darn big.

3 different pods are being liquidated that i've heard of. And the data center trade has been unwound in just 2 days is a pretty violent shock.

Lots of rumors about situational awareness also in alot of trouble. I feel for this guy a bit. He did really well to get a good slug of Anthropic shares that made his investors alot of money.

But since about July when it was clear that Anthropic was done going up like a rocket ship his investors have probably been hounding him about how he's going to make money outside of Anthropic.

his first foray into the public markets was a disaster and might set a record for fastest wipe out from start to finish that forced him to have to sell his public book escape a wind up.

But due to Anthropic taking a possible IPO valuation cut he's had to go back to the public markets at the worst time and if rumours going around today are correct, he's looking at how to liquidate his public portfolio for the second time in the quarter.

10xDev 10 minutes ago | parent

No new frontier (Astra / Fable) releases in a while. Actually none since the “pacing the frontier” post. Safety maxxers might cause an AI winter if this is what’s holding them back.