system
A chat on subreddit /r/wallstreetbets
human
It's not irrational movement, there are many competitors to them who's tickers would have gone up.

gpt
&gt; The 4 companies I listed are 40% of the Nasdaq, and all of those names are highly correlated due to a trend called indexing. Within tech, its the height of retardation to think that regulation that increased competition wouldn't lower the value of $QQQ. In the long run, companies are valued on something called earnings, monopolies have high earnings because they have high margins. The push to regulate these companies has bipartisan support, making it much more likely to happen.