IBM Continues Tanking Today, Already $58+ Lower Than Recent High, Insiders Explain Why
Right now:

Yesterday: IBM's Stock is Crashing| Threats From 'Former' Red Hat (Now IBM) Staff While IBM's Likely Accounting Fraud Attracts Public Scrutiny
Kyndryl has crashed and its debt is now roughly twice as big as the total "worth" of Kyndryl, so it is basically Kaput, not Kyndryl.
What about IBM?
The same CFO from the inception of Kyndryl is still the CFO at IBM.
Minutes ago insiders (likely insiders or former IBM) explained: "Definitely jitters over Kyndryl. But also the market getting nervous that Arvind's slash and burn and send to India strategy is unsustainable and once the new Z cycle winds down growth will be back to 1-2% if it's even positive at all. IBM's business does not justify a $300 or even $200 valuation. Nothing fundamentally changed from 18 months ago when the stock was $150."
Someone soon responded by mentioning Cramer: "and the IBM stock price just keeps on dropping like a brick through a plate glass window. Where is the crook Cramer to buoy it up with his false and pretentious statements ? No sign of Alvind or Krabanaugh either to give us the latest news on upskilling, AI and Quantum either."
While writing this post IBM is already down more than 3% today. █

