@scottywh@lemmy.world to Reddit@lemmy.ml • 8 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square35fedilinkarrow-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 • 8 months agomessage-square35fedilinkcross-posted to: news@lemmy.world
minus-squareBigfootlinkfedilink26•8 months agoHow in heck is Truth Social worth more than twice Reddit
minus-square@SorteKanin@feddit.dklinkfedilink39•8 months agoBecause the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
minus-square@Ilovethebomb@lemm.eelinkfedilink12•8 months 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•8 months agoThat’s basically what I meant with mob thinking.
minus-square@supangle@lemmy.wtflinkfedilink1•7 months 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?