scottywh@lemmy.world to Reddit@lemmy.ml · 9 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square36fedilinkarrow-up1222arrow-down13
arrow-up1219arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to Reddit@lemmy.ml · 9 months agomessage-square36fedilink
minus-squareBigfoot@lemm.eelinkfedilinkarrow-up27·9 months agoHow in heck is Truth Social worth more than twice Reddit
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up41arrow-down1·9 months agoBecause the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
minus-squareIlovethebomb@lemm.eelinkfedilinkarrow-up12·9 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-squareSorteKanin@feddit.dklinkfedilinkarrow-up3·9 months agoThat’s basically what I meant with mob thinking.
minus-squaresupangle@lemmy.wtflinkfedilinkarrow-up1·8 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?