Alphabet is Google’s self-created parent company.  On October 29, its stock dropped $500 billion – in a day.  13% of Alphabet’s total value.

We’re being told by many in The Zeitgeist that the drop doesn’t look like what it really, seriously looks like.  That it is not a ceased-to-be canary in an imploding Artificial Intelligence (AI) coal mine.

I think it is said canary.  Because I think Alphabet’s stock drop was the result of a double negative for the company.

1) Alphabet is hemorrhaging AI cash – just like all the other Big Tech companies making the AI Big Bet.  I still think the AI Big Bet is a big bubble that is about to burst.

2) Alphabet’s other, personal problem harmonically converged with the looming burst to make Alphabet the bubble loss leader.  That personal problem is Web Search. (more…)