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# What Actually Happened, Palate Cleanser
- URL: https://adjacent.media/scan/2026-10-16-pm/
- Published: 2026-10-16T23:17:34.000Z
- Updated: 2026-10-16T23:17:34.000Z
- Description: The tech sell-off that spooked everyone midweek lost momentum today, with traders buying the dip and rotating out of the sector. The Tesla Roadster flew, which qualifies as actual delivery on a Musk promise.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

The tech sell-off that spooked everyone midweek lost momentum today, with traders buying the dip and rotating out of the sector. The Tesla Roadster flew, which qualifies as actual delivery on a Musk promise.

> **$16.8B** — Anthropic's quarterly revenue, up nearly 50%, per what it's telling investors ahead of an IPO. *(Simon Willison, via FT)*

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### Connected World

#### [The bloodletting in stocks is stanched as investors buy the dip and rotate out of tech](https://fortune.com/2026/10/16/bloodletting-stocks-stanched-investors-buy-dip-rotate-out-of-tech/?ref=adjacent.media)

After two rough days driven by CoreWeave debt drama, traders bought the dip, though the rotation out of tech suggests lingering caution. *(Fortune)*

#### [CoreWeave investor explains how the loss-making AI 'neocloud' provider plans to claw its way out of debt](https://fortune.com/2026/10/16/coreweave-investor-explains-ai-neocloud-debt/?ref=adjacent.media)

The stock fell 15.46% Wednesday and slid another 5.62% after hours. The recovery plan needs to justify the damage. *(Fortune)*

#### [Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO](https://simonwillison.net/2026/Oct/15/anthropic-tells-investors/?ref=adjacent.media)

A counterpoint to the CoreWeave jitters: at least one AI company is showing revenue growth, though Willison notes the FT relies on "told investors" rather than disclosed financials. *(Simon Willison's Weblog)*

### Connected World

#### [The Tesla Roadster flew, drove upside down, and hit 60mph in under a second](https://www.theverge.com/transportation/1012552/tesla-roadster-next-gen-reveal-elon-musk?ref=adjacent.media)

Musk promised a flying car and delivered a demo. *(The Verge)*