IBM's Quantum Bubble Already Deflating
Shares down over $55 in a few days:
Hours ago:
Allegedly €18,000 for products that do not truly exist (but people get paid to praise).
The Cramers of the world are creaming themselves over IBM. Without any real or direct grasp of technology they keep praising the stock. Why? Because they get paid to do so!
IBM insiders know how bad things really are. But Wall Street won't listen; the NDAs are enough to keep the voices marginalised or at least anonymous.
As it turns out, PIPs are just another name for layoffs ("RAs") now, based on some ramblings in this new thread:
IBM is shrinking, but no WARN notices!
More on IBM and PIPs earlier today:
That's the hallmark of a company that discards experienced workers as if they're just "expensive" and the company can be run by slop.
"Staying quiet when someone stole my credit cost me a promotion and I regret it every day," one person wrote 4 hours ago. It seems like a cultural issue.
Quoting another person from 6 hours ago: "IBM is a business and under Arvind Krishna, it is a failing business at that. That is why the IBM management resorts to financial engineering, layoffs, PIPS, questionable acquisitions and coverups of wrong doing. Did you read the story on June 5, 2026 about IBM Security and how many times IBM infrastructure had been breached by Chinese Hackers ? No less than 56000 times. While these incidents happened between 2013 and 2016, it says a lot about the integrity of the people who manage(d) IBM Security and how well they ignore(d) or cover(ed) up data breaches at IBM. And it says a lot about the tools that IBM develops and sells to IBM customers - how good are they if they can't even protect IBM's network from attacks ? Very simply, it comes back to following "Greed is Good" philosophy by IBM Management where the end justifies the means. Anything goes as long as the IBM executives get their bonuses. That's why the IBM Business Conduct Guidelines are nothing but a sad joke."
There are some more good comments in there about wrongdoing at IBM.
16 hours ago: "Do you really see IBM as a tech company? IBM has become a symbol of insatiable corporate greed and is operating like a private equity firm and the only engineering you see is the financial engineering. Modus Operandi - Rub a debt, acquire a company for its IP by offering cash then get rid of its employees and keep the clients. Distribute the acquired sales channels to yes men and yes women of the senior executives. Look at the shameless postings on social media sites from some of these executives at the top where they talk about how IBM is outperforming other tech companies. You talk about the valuations not the value add. What is it that you guys at IBM have done for the betterment of the society?"
Maybe IBM can just keep shouting "quantum", even if its own experts are aware that these are false promises boosted by false awards. █
