The internet is seeing the funny side of the stock market meltdown
Source: Business Insider ·
AI stocks plunged and the Nasdaq entered correction territory. On X, investors coped with jokes about panic, Christmas, and Elon Musk.
From the source
If you don't laugh, you'll cry.John Moore/Getty ImagesAs a brutal sell-off hits markets, some have turned to an old adage: If you don't laugh, you'll cry.Jokes about the plunge in tech stocks flooded social media on Thursday as the Nasdaq fell nearly 6%.As you might expect, Elon Musk got in on the action, sharing a grimace emoji.When things get rough, you can always count on the internet for a laugh.Wall Street’s AI-fueled rally came to a screeching halt on Thursday, with technology stocks leading a broad sell-off. But as prices fell, the mood on social media was one of gallows humor.Financial commentators, investors, and meme accounts turned the sell-off into a running joke, offering tongue-in-cheek reminders that the most important thing in a panic is, naturally, to panic.The losses gave them plenty of material. The Nasdaq fell 5.5% and entered correction territory, while the S&P 500 dropped 4.4% and the Dow shed more than 1,800 points. Nvidia fell 9.3%, AMD sank 17.3%, and the…