@scottywh@lemmy.world to Reddit@lemmy.ml • 1 year agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square33fedilinkarrow-up1218arrow-down13cross-posted to: news@lemmy.world
arrow-up1215arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.com@scottywh@lemmy.world to Reddit@lemmy.ml • 1 year agomessage-square33fedilinkcross-posted to: news@lemmy.world
minus-square@SorteKanin@feddit.dklinkfedilink39•1 year agoBecause the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
minus-square@Ilovethebomb@lemm.eelinkfedilink12•1 year agoNot mostly, but people are buying Truth Social shares not because they think it’s a sound financial decision, but because they support the company. It’s meme stock logic.
minus-square@SorteKanin@feddit.dklinkfedilink3•1 year agoThat’s basically what I meant with mob thinking.
minus-square@supangle@lemmy.wtflinkfedilink1•1 year agochat … is this actually real? fucking trump has more value?
How in heck is Truth Social worth more than twice Reddit
Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
Not mostly, but people are buying Truth Social shares not because they think it’s a sound financial decision, but because they support the company. It’s meme stock logic.
That’s basically what I meant with mob thinking.
chat … is this actually real? fucking trump has more value?