--- title: The Enshittifinancial Crisis | daily.dev description: Tech companies are manipulating stock prices through questionable AI infrastructure deals worth hundreds of billions. Major firms like Microsoft, Meta, Amazon,... canonical: https://daily.dev/posts/the-enshittifinancial-crisis-erdw7nul3 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: The Enshittifinancial Crisis | daily.dev og:description: Tech companies are manipulating stock prices through questionable AI infrastructure deals worth hundreds of billions. Major firms like Microsoft, Meta, Amazon,... og:url: https://daily.dev/posts/the-enshittifinancial-crisis-erdw7nul3 og:image: https://api.daily.dev/og/posts/erdw7NuL3.png og:image:alt: The Enshittifinancial Crisis og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # The Enshittifinancial Crisis **[Where's Your Ed At](https://daily.dev/sources/wheresyoured)** · 96 min read · 56 upvotes · 4 comments ## Summary Tech companies are manipulating stock prices through questionable AI infrastructure deals worth hundreds of billions. Major firms like Microsoft, Meta, Amazon, and Google have spent $776 billion on capital expenditures in three years, yet analysts fail to scrutinize where the money goes or whether AI investments will generate returns. Companies announce massive deals with OpenAI and others using vague terms like "letters of intent" rather than binding contracts, causing stock surges that harm retail investors when deals fail to materialize. The financial system prioritizes stock value over business fundamentals, creating an "enshittifinancial crisis" where shareholders are exploited through accounting tricks, unverified revenue claims, and unchallenged spending while analysts act as promotional teams rather than critical evaluators. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Community discussion Top comments from developers on daily.dev. **@limbojunkie** · 2 upvotes > In laymen term: Bubble. **@whlsk34** · 0 upvotes > LIke your stuff Zitron, but there is no way in hell this one takes off. **@a\_meb\_a** · 0 upvotes > the what? ## Similar posts on daily.dev - [From stocks to crypto, markets reel as AI doubts grow](https://daily.dev/posts/from-stocks-to-crypto-markets-reel-as-ai-doubts-grow-wuscja6ia) · TechCentral · 0 upvotes · 0 comments - [Premium: The AI Data Center Financial Crisis](https://daily.dev/posts/premium-the-ai-data-center-financial-crisis-btrqhfo66) · Where's Your Ed At · 4 upvotes · 0 comments - [Google’s Sundar Pichai warns of “irrationality” in trillion-dollar AI investment boom](https://daily.dev/posts/google-s-sundar-pichai-warns-of-irrationality-in-trillion-dollar-ai-investment-boom-3rutrldv3) · Ars Technica · 0 upvotes · 0 comments - [Is AI a Trillion-Dollar Bubble or a World-Changing Juggernaut?](https://daily.dev/posts/is-ai-a-trillion-dollar-bubble-or-a-world-changing-juggernaut--7zm4g94l6) · The New Stack · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#openai](https://daily.dev/tags/openai), [#nvidia](https://daily.dev/tags/nvidia), [#finance](https://daily.dev/tags/finance), [#investing](https://daily.dev/tags/investing) [View this post on daily.dev](https://daily.dev/posts/the-enshittifinancial-crisis-erdw7nul3) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"The Enshittifinancial Crisis","url":"https://daily.dev/posts/the-enshittifinancial-crisis-erdw7nul3","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/the-enshittifinancial-crisis-erdw7nul3"},"datePublished":"2025-12-29T18:10:26.395Z","dateModified":"2025-12-29T18:10:50.594Z","description":"Tech companies are manipulating stock prices through questionable AI infrastructure deals worth hundreds of billions. 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