Google is "propped up" by index funds*. Everyone who isn't an edgy reddit wsb/crypto meme lord has been told over and over to buy SPY et al with religious devo

Google is "propped up" by index funds*. Everyone who isn't an edgy reddit wsb/crypto meme lord has been told over and over to buy SPY et al with religious devotion and take the "guaranteed 6/7/8/9/10%" annual returns to a happy retirement. They tend not to touch their portfolios until things get super ugly, which we may see soon. *propped up is a bit complicated here, people are just buying these bundles of corporations without making any value judgement on them individually. More realistically though, Google is the one propping up a bunch of companies that aren't as actively traded but are still on the index. People you've never heard of like Leidos Holdings, or companies that make you deeply question the contents of the index like Bath & Body Works, Inc. and Norwegian Cruise Line Holdings Ltd.