Covid-level crash out. What happened I wonder..
🚨 BIGGEST SINGLE-DAY WIPEOUT IN US STOCK MARKET HISTORY
$2.8 Trillion has been wiped out from the US stock market today so far, the largest one in history.
Previously, the largest single-day wipeout was of $2.69 Trillion during the Covid crash.
Readers added context they thought people might want to know
The US stock market has lost over $2 trillion today. For comparison, roughly $3.5 trillion was erased on March 16, 2020. finance.yahoo.com/markets/live/s… marketwatch.com/livecoverage/s…
X really is the global town square
Pèp ayisyen,
Dessalines te libere Ayiti, men kèk moun ki te bò kote l te trayi l epi touye l. Moun ki te sanble avè l, ki te pale menm lang avè l, men ki pa t gen menm prensip avè l. Se te trèt ki t ap chèche sèlman avantaj pèsonèl yo, e ki te plonje Ayiti nan plizyè jenerasyon soufrans ak mizè.
Trèt sa yo toujou egziste ann Ayiti. Yo pa eritye Dessalines, yo se eritye trèt ki te asasinen l yo e ki te detwi eritaj li. Genyen ki manm gang, gen lòt ki finanse gang yo oswa ki ba yo zam, e gen kèk ladan yo k ap fè tout sa yo kapab pou anpeche pèp ayisyen an jwenn libète li.
Wi, anpil etranje te piye Ayiti, men anpil Ayisyen te fè menm bagay la tou. Yo te kolabore ak etranje sa yo, sèvi ak zam yo, vann dwòg yo, kontwole teritwa pou yo, epi fè pèp la sibi soufrans moun pa menm ka imajine.
Èske nou panse etranje sa yo t ap kapab fè tout bagay sa yo san èd moun sa yo? Kiyès k ap lonje zam sou nou? Kiyès k ap touye moun nou renmen yo? Kiyès ki vòlè kay nou ak byen nou yo, si se pa menm kalite bandi trèt ak sa yo ki te trayi epi asasinen Dessalines?
Nou kapab ede nou bat yo, men nou pa anvayisè. Nou se moun ki gen kouraj menm jan ak nou. Fòk nou leve kanpe, reprann kontwòl kominote nou yo, epi mete moun k ap fè nou sibi tout doulè sa yo, tout soufrans sa yo, anba kontwòl nou.
N ap la menm bò kote nou. N ap ede nou reprann peyi nou anba men trèt ki trayi eritaj Dessalines yo.
Epi, finalman, Ayiti ap lib.
Rebrew retweeted
When a Muslim Brotherhood member wins a Senate race, that’s NOT DEMOCRACY; that’s USEFUL IDIOTS hating their own country. When the mullahs in Iran took over, socialists helped them, and later, the Islamists killed them all. This is the most dangerous moment for Western civilization. GOD BLESS AMERICA.
U.S. Senate candidate Abdul El-Sayed is a dark chapter in this great nation’s history.
And as the Bible warns:
“For whatsoever a man soweth, that shall he also reap.” — Galatians 6:7 (KJV)
Be careful what you plant in the name of democracy. You may not enjoy the harvest.
A 32-story office tower in downtown Boston sold for $806 million in 2019. In 2026 the same owner bought it back at a foreclosure auction for $260 million, 68% less.
In 2019 Rockpoint Group bought 100 Summer Street from Blackstone for $806 million, with a $470 million loan from Wells Fargo. The tower was developed in 1980 and has about 1.1 million square feet, so the price came to about $730 a square foot.
This year Rockpoint defaulted on the loan. Wells Fargo foreclosed in September and sent the tower to auction. The auctioneer said it was about 72% leased.
Rockpoint was the only bidder. It bought the tower back for $260 million, under $240 a square foot and 39% below the city's assessed value. Rockpoint says it will consider upgrades, and the auction materials mention a possible roof deck.
What it shows: an office tower is worth what a buyer will pay for it today, not what was paid for it. At this auction only one buyer came, the owner who knew the building best, and it paid about a third of its 2019 price.
BLACKSTONE LENDER LOSES $327 MILLION $BXMT
Office buildings are not doing well.
Blackstone Mortgage Trust has since sold nearly $1 billion of loans since the end of June, about half of them on offices.
This serves as a steady reminder that banks get paid back in cash. Collateral is typically seen as their tertiary source of repayment. Banks are not in the real estate business.
Insane $201M commercial real estate loss
Going from roughly $205 million to $4 million is extraordinary.
Originally built: 1985–1986.
Height: 44 stories, approximately 587 feet.
Original purpose: World headquarters for Southwestern Bell.
Later occupants: SBC and AT&T.
Approximate building area: 1.4–1.46 million square feet.
AT&T once employed thousands of people there. Over time, corporate consolidation, outsourcing, and remote work substantially reduced its downtown workforce. AT&T eventually left the building.
The building was acquired in April 2024 by an entity associated with Goldman Group, led by Charles Goldman, for approximately $3.5–3.6 mil
The current proposal includes:
More than 600 apartments.
At least 1,200 residents.
Grocery store and pharmacy.
Retail and restaurant space.
Total projected investment exceeding $350 million.
The developer wants to turn a vacant corporate skyscraper into a vertical residential neighborhood.
I think there are four important lessons here.
1. Location doesn't guarantee value.
This is a 44-story skyscraper occupying an entire city block. Yet it became economically obsolete when its primary tenant left.
2. Office buildings are increasingly competing with residential uses.
The question isn't necessarily whether downtown office demand will return. It's whether the existing physical infrastructure can be repurposed into something people actually want.
3. Historic tax credits can fundamentally change development economics.
The building's historic designation creates access to potentially substantial state and federal historic rehabilitation tax credits. But the building's age, layout, plumbing, elevators, fire protection, and conversion costs still present enormous challenges.
4. A cheap acquisition price doesn't mean a cheap project.
Buying 1.46 million square feet for $3.6 million sounds incredible.
But spending $350 million or more to make it economically productive is an entirely different proposition.
The Urban Land Institute actually recommended mothballing the building and pursuing interim ground-floor activation rather than immediately attempting a residential conversion, highlighting just how difficult the economics are.
Insane $201M commercial real estate loss
Going from roughly $205 million to $4 million is extraordinary.
Originally built: 1985–1986.
Height: 44 stories, approximately 587 feet.
Original purpose: World headquarters for Southwestern Bell.
Later occupants: SBC and AT&T.
Approximate building area: 1.4–1.46 million square feet.
AT&T once employed thousands of people there. Over time, corporate consolidation, outsourcing, and remote work substantially reduced its downtown workforce. AT&T eventually left the building.
The building was acquired in April 2024 by an entity associated with Goldman Group, led by Charles Goldman, for approximately $3.5–3.6 mil
The current proposal includes:
More than 600 apartments.
At least 1,200 residents.
Grocery store and pharmacy.
Retail and restaurant space.
Total projected investment exceeding $350 million.
The developer wants to turn a vacant corporate skyscraper into a vertical residential neighborhood.
I think there are four important lessons here.
1. Location doesn't guarantee value.
This is a 44-story skyscraper occupying an entire city block. Yet it became economically obsolete when its primary tenant left.
2. Office buildings are increasingly competing with residential uses.
The question isn't necessarily whether downtown office demand will return. It's whether the existing physical infrastructure can be repurposed into something people actually want.
3. Historic tax credits can fundamentally change development economics.
The building's historic designation creates access to potentially substantial state and federal historic rehabilitation tax credits. But the building's age, layout, plumbing, elevators, fire protection, and conversion costs still present enormous challenges.
4. A cheap acquisition price doesn't mean a cheap project.
Buying 1.46 million square feet for $3.6 million sounds incredible.
But spending $350 million or more to make it economically productive is an entirely different proposition.
The Urban Land Institute actually recommended mothballing the building and pursuing interim ground-floor activation rather than immediately attempting a residential conversion, highlighting just how difficult the economics are.
Yeahhh I wouldn’t really try to build a software startup anymore unless you have some super niche data-related idea and privileged access to large quantities of it
I recreated subvocal in 9 minutes with one prompt for AirPods Pro 3.
Source: github.com/joeblau/subvox
I went to Furman University, which is in the red state of South Carolina.
I can attest that "higher-education" is nothing other than indoctrination and group-think.
I'll never forget learning why we should welcome transgenders into girl's locker rooms and how we should provide reparations to black people.
I even had one professor openly say, "F*ck Donald Trump," in a class. I've always wondered what that had to do with the subject of the class.
But you make a great point -- lots of training in "critical thinking" coming from "higher-education"
The problem with giving personal space when standing in line is that everyone else uses the space you’ve given to cross through the line
In its Q3 earnings, Reddit named Google's AI Mode as the main reason its search referrals fell. Google disputes the overall numbers.
"Decimated" is fair for searches where the reader only wants an answer, because the summary is the answer and nobody clicks through. Searches for a site by name, and searches for very specific local facts, still send clicks.
Is search being hollowed out by AI?
Mostly yes, for the kind of traffic publishers have depended on. Chartbeat's data, published by the Reuters Institute in January, shows Google search traffic to news sites fell about a third worldwide in the year to November 2025, and about 38% in the US. Pew found that people click a result on 8% of searches that show an AI summary, against 15% on searches that don't.
Ahrefs puts the drop in clicks on the top result, when an AI Overview appears, at 58%.
Reddit's earnings call has exposed the new reality for thousands of companies.
"AI mode does not drive traffic. Not for us and not to anybody as far as I know. It used to be a traffic driver. Now it's not." - Reddit CEO.
The reality is that AI is fundamentally changing the way that humans access the internet.
Just 24 hours prior to this statement, Google's stock erased -$480 billion on the same issue: AI is disrupting the traditional search model.
For decades, the internet operated on a simple model. Search engines directed users to websites, and those websites monetized the traffic.
AI is destroying this business model, and it's happening at an accelerating pace.
The traditional model of internet traffic is rapidly becoming outdated.
The internet has entered a new era.
Rebrew retweeted
"Politics is the path for men without principles to lead men without memory"
Voltaire
