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Reddit Insiders Selling Days After IPO; Shares Fall
(www.investors.com)
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this post was submitted on 28 Mar 2024
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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.