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Reddit Insiders Selling Days After IPO; Shares Fall (www.investors.com)
submitted 8 months ago by scottywh@lemmy.world to c/reddit@lemmy.ml
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[-] bigfoot@lemm.ee 27 points 8 months ago

How in heck is Truth Social worth more than twice Reddit

[-] SorteKanin@feddit.dk 40 points 8 months ago

Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.

[-] Ilovethebomb@lemm.ee 12 points 8 months ago

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.

[-] SorteKanin@feddit.dk 3 points 8 months ago

That's basically what I meant with mob thinking.

[-] supangle@lemmy.wtf 1 points 6 months ago

chat … is this actually real? fucking trump has more value?

this post was submitted on 28 Mar 2024
219 points (98.7% liked)

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