Fading Labubu frenzy wipes $16.7 billion from Pop Mart shares

https://www.straitstimes.com/business/companies-markets/fading-labubu-frenzy-wipes-16-7-billion-from-pop-mart-shares

227 points · 55 comments · view on lemmy.world

55 Comments

AllNewTypeFace@leminal.space · 128 pts · 362d (1 reply)

All my apes, funged!

prole@lemmy.blahaj.zone · 43 pts · 362d

funged

They said it was not possible!

YaksDC@sh.itjust.works · 91 pts · 362d (6 replies)

I know the tulip market is bouncing back any day.

henfredemars@infosec.pub · 25 pts · 362d (1 reply)

If you don’t sell your tulips, then you haven’t taken a loss yet!

miss_demeanour@lemmy.dbzer0.com · 9 pts · 362d

I'm going to make it up in volume!

BarneyPiccolo@lemmy.today · 24 pts · 362d (2 replies)

Tulips? That's stupid. I got my money in Beanie Babies.

CaptPretentious@lemmy.world · 4 pts · 362d (1 reply)

You idiot. The real money, the real investment is in pogs!

toynbee@lemmy.world · 4 pts · 362d

I knew those McDonald's collectibles would come in handy one day.

JeeBaiChow@lemmy.world · 1 pts · 362d

Nfts mate. That's where it's at!

FearfulSalad@ttrpg.network · 86 pts · 362d (7 replies)

Jesus Christ, this is a real thing? I honestly thought it was invented on the latest South Park as a joke

Cenotaph@mander.xyz · 15 pts · 362d

No, they've been huge on tiktok for months. Whether or not they are being used for satanic rituals is up for argument

ZombieMantis@lemmy.world · 11 pts · 362d

Just the latest beanie babies, pretty much. Same as always.

MBech@feddit.dk · 7 pts · 362d (2 replies)

The name sound exactly like some dumb made up name South Park would pick to make fun of something. How in the fuck is it a real thing?

Waldelfe@feddit.org · 4 pts · 362d

The name and character are from a children's book and for that it's a fine name.

Alwaysnownevernotme@lemmy.world · 3 pts · 362d

Because nothing is infinite, but human stupidity comes close.

JoeKrogan@lemmy.world · 6 pts · 362d

That was where I first heard of it.

Charlxmagne@lemmy.world · 4 pts · 362d

Trey Parker really raising his daughter to be the most foul-mouthed person in the world lool (she voiced 1 of the girls who fought for the lebubus, and ike). Bro taught her the word bitch before she even learnt her ABC's 🤣🤣🤣

Also yeh lebubus are js pokemon cards without the longevity that unlike pokemon will be completely irrelevant in like a yr, watch.

theherk@lemmy.world · 76 pts · 362d (14 replies)

How are Beanie Babies doing?

panda_abyss@lemmy.ca · 22 pts · 362d (5 replies)

They sell them at my neighbourhood convenience store

miss_demeanour@lemmy.dbzer0.com · 18 pts · 362d

The store owners must be billionaires!

BarneyPiccolo@lemmy.today · 2 pts · 362d (3 replies)

So lucky!

panda_abyss@lemmy.ca · 2 pts · 362d (2 replies)

I went to my store and checked, they’re TY “beanie belly’s”

corsicanguppy@lemmy.ca · 1 pts · 362d (1 reply)

With the spelling mistake?

panda_abyss@lemmy.ca · 3 pts · 362d

No, I’m bad at typing

AtariDump@lemmy.world · 8 pts · 362d (2 replies)
theherk@lemmy.world · 3 pts · 362d (1 reply)

OMG! I forgot about that picture. I’d love to see what each did with their half.

AtariDump@lemmy.world · 2 pts · 362d

Be funny if they burned them infront of the other one.

ileftreddit@piefed.social · 4 pts · 362d (2 replies)
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thaklor@lemmy.world · 15 pts · 362d (1 reply)

The landscaping company?

ileftreddit@piefed.social · 3 pts · 362d
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BarneyPiccolo@lemmy.today · 1 pts · 362d (1 reply)

Coming back, any time now. When they do, I can finally retire.

corsicanguppy@lemmy.ca · 1 pts · 362d

Wait. Is this beanie babies or magic cards?

pressedhams@lemmy.blahaj.zone · 43 pts · 362d (1 reply)

Oh no! My pog collection!

floral_toxicity@lemmy.world · 4 pts · 362d

"Remember Alf? He’s back, in pog form." - Milhouse to Bart

CubitOom@infosec.pub · 29 pts · 362d

Hope everyone enjoys their worthless plastic

BarneyPiccolo@lemmy.today · 28 pts · 362d (2 replies)

I just heard about Labubus, and now they are already over?

What am I going to do with the $25,000 in Labubus that I just bought over the weekend?

phdepressed@sh.itjust.works · 20 pts · 362d (1 reply)

Idk, just don't get divorced or that courtroom picture of choosing who gets which will stick around forever.

udc@lemmy.world · 23 pts · 362d (1 reply)

The post is misleading. Yes share price went down by a large amount in absolute terms but their market cap is still 60 billion.

Dwayne_Elizondo_Mountain_Dew_Camacho@sh.itjust.works · 13 pts · 362d

Up 430% for the year.

dream_weasel@sh.itjust.works · 22 pts · 362d (9 replies)

What?

witty_username@feddit.nl · 14 pts · 362d (2 replies)
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BarneyPiccolo@lemmy.today · 9 pts · 362d

He's the invisible one. Very rare, very valuable. I happen to have a few, I'd be happy to sell you one.

WanderingThoughts@europe.pub · 1 pts · 362d

Probably Lindsey Lohan, popular and hot for a short time and then on drugs, alcohol, getting arrested...

Reverendender@sh.itjust.works · 11 pts · 362d (4 replies)

I don’t know what these are, although I have heard the word a few times.

WindyRebel@lemmy.world · 26 pts · 362d (2 replies)

They are toys children obtain for clout and to use in satanic rituals to summon Satan, who also shows up with Trump because Satan is pregnant with his butt baby.

BarneyPiccolo@lemmy.today · 5 pts · 362d

Makes sense

Reverendender@sh.itjust.works · 2 pts · 362d

I had much higher expectations of Satan!

ms_lane@lemmy.world · 3 pts · 362d

The cult of the Lamb, but in real life.

newthrowaway20@lemmy.world · 7 pts · 362d

It's the modern tulip. Or Furby. Or Cabbage Patch Kid.

sploosh@lemmy.world · 17 pts · 362d (1 reply)

The market is finally coming around. Soon all these Cabbage Patch Kids I have will skyrocket in value!

BananaTrifleViolin@lemmy.world · 5 pts · 362d

Yeah absolutely, these things are cyclical! Hold on to those cabbage patch kids.

Lemmyoutofhere@lemmy.ca · 11 pts · 362d (2 replies)

Can I buy an NFT of that?

ThrowawayPermanente@sh.itjust.works · 4 pts · 362d (1 reply)

That depends, how much were you looking to spend?

Lemmyoutofhere@lemmy.ca · 1 pts · 362d

About tree fiddy.

ExLisper@lemmy.curiana.net · 6 pts · 362d

People keep laughing at idiots buying this but the forget that someone made billions on it. Yes, it's a stupid "investment" for an average person but a genius play by the company selling this.

Tollana1234567@lemmy.today · 5 pts · 362d

all because of the stupid woman who made a racist labubu.

JeeBaiChow@lemmy.world · 2 pts · 362d

What about pet rocks?