It will go back up when Meta borrows from Amazon to buy capacity from Oracle who buys silicon from Broadcom to fund GPUs from nVidia to let OpenAI enhance their app to make Facebook posts.
Too big to fAIl
Edit: People are literally being forced out of the country by cost of living https://www.wsj.com/personal-finance/retirement/middle-class...
But everyone hates CA, hates big tech, etc, etc, so maybe the political stars align and this will be the ones who finally set the "no bailout" precedent.
[1] Well actually I can now that I think about it and it's the beltway bandits but that's beside the point.
While acknowledging being in a bubble the quote was "While the music is playing, you have to get up and dance".
His explanation of the quote:
'"My belief then and my belief now is that one firm in this business cannot unilaterally withdraw from the business and maintain its ability to conduct business in the future,” Mr. Prince said."'
...
'"And if you are not engaged in business, people leave the institution, so it is impossible to say in my view to your bankers we are just not going to participate in the business in the next year or so until things become a little more rational," he said. "You can’t do that and expect to have any people left to conduct business in the future."'
-- https://archive.nytimes.com/dealbook.nytimes.com/2010/04/08/...
To me it looks like history proved him right. The largest institutions were the ones that got bailed out.