r/stocks • u/Chrissylumpy21 • 2d ago

Crystal Ball Post Is Black Monday Incoming?

So much fear in the markets and this time really feels different. All the Mag7 stocks are so hit by the tariffs our iPhones will probably cost $5,000 soon and as the world slows, people will use Amazon less, advertise less on FB/IG. No one is buying Tesla anymore. Who needs anymore AI chips, yet AI is decreasing Google searches.

I fear the world is realizing it all this weekend. Or is it just me that sky appears to be falling?

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u/RoaringPity 2d ago

There's more room to drop. Waiting for EU retaliatory tariff announcement 

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u/artbystorms 2d ago

The EU is looking at ways to tariff US services too, ie social media companies. Imagine if FB, X, Google, etc had to start charging Europeans to make up for the added tariffs they levy on them.

Personally I want legacy social media to die. It is a net negative for humanity, and needs to be replaced with something a little less 'libertarian' and toxic.

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u/HesitantInvestor0 2d ago

What do you mean by “less libertarian”? Censorship, content moderation, surveillance, power concentration, lack of privacy, etc. These are major qualities of legacy social media, and they aren’t very libertarian by any known definition of the word.

I’m assuming what you mean is that you’d like more government control over it. That to me is bizarre. We are watching right now and have been watching for generations how government can behave in such ways that aren’t good for society or humanity.

Unless I’m way off on what you mean, I think your take is very very flawed.

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u/fairlyaveragetrader 2d ago

Well, you don't even know if you're dealing with actual people, you can create thousands of fake accounts and spin narrative and have all of this virtually free marketing. Algorithms can be designed to push narrative. So it's not really free social media. It's not AOL chat rooms. It's not Old School forums. This new social media is marketing