Per Ed Zitron, CoreWeave may be the canary in the ai bubble coal mine.

  • piecat@lemmy.world
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    3 days ago

    Also, gotta start to tighten the belt in Q3 so the Q4 numbers can look good for the shareholders

    • Krauerking@lemy.lol
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      3 days ago

      Oh, actually yeah. Markets rarely even respond to consumer seasonal spending these days anyways until it’s beyond a problem. But that usual pullback is probably entirely based on that holiday bump looking better after and the spending loss on marketing looking bad right before.
      I wonder if the history of recessions kicking off then in Sept is the predictions in sales being lower and people realizing they won’t get their good looking Q4.
      They freak out pull their money and basically a bank run of our wealthiest.