The Lemmy community expresses heartfelt sympathy for these dumb losers but really if you are an investor that let's day to day swings on a single stock ruin your day you need to find a new way to invest.
hinting at even more drama as investors struggle to make sense of Musk's space-and-AI behemoth.
There is no way for it to make sense. It’s just dumb fucking insanity. Rocket company + subpar bullshit machine + Nazi chat room is not a real company. Soon they’ll combine with former car company who makes sub-par robots, making it even more stupid. Fuck all this shit.
Not if they got in at the IPO price of $135. It's currently at $162, which is significantly higher than the already ridiculous IPO price and the index inclusion hasn't even happened yet.
Not quite. A (common) stock is nothing more than a certificate of ownership of part of a company. In theory, the value of that capital should increase over time, plus you hopefully get dividends regularly. Again - it's ownership, so that means that you could, in principle, hold that instrument 'forever' (just like you would, say, a piece of land), never planning to sell it back, and therefore not giving a single f*ck about its current or future price.
Again: stock is property. Arguing that the only reason to invest in stocks is getting money out of it by selling later at a higher price would be like saying that people buy apartments/land/metals solely for future financial gain.
...and even if one doesn't buy that argument, there's the concept of hedging, which is far enough from the concept of speculation to consider it its opposite.
That's SpaSex. Porn in natural spas on Mars. Very short videos because they usually die after a few seconds but good enough for me (I don't last that long either).
Rocket Lab, and other space companies, are also being dragged down because they are bunched in for being space economy, despite being a way more sensible company. I predict that the Xshit sandwich will gradually lose steam, while RL will steadily climb again, and skyrocket (I am legally required to make that pun) when Neutron launches. That's my bet.
Then again, Tesla is still obscenely overvalued, despite selling objectively last gen EVs that have dangerous fake autopilot, and which are effectively subsidized in the US by the gov't by virtue of bans and tariffs. Large funds, billionaires, and many retail investors are buying Nazitard's stock like meme stock buyers. There is going to be a lot of hurt sooner or later. BTW, how is starship, or whatever the exploding giant dildo is called, doing?
BTW, how is starship, or whatever the exploding giant dildo is called, doing?
Still massively behind schedule, costs keep ballooning out of control. This year's test also blew up. Still can't even reach orbit. Still promising orbital refueling for a ship that barely even flies.
37 Comments
ThePowerOfGeek@lemmy.world · 104 pts · 54d
SeductiveTortoise@piefed.social · 20 pts · 54d
This fiddle is way too big to express how little I care.
wewbull@feddit.uk · 14 pts · 54d
I still think this is the world's tiniest cello, and not a violin.
gnate@lemmy.world · 1 pts · 54d
Or perhaps viola da gamba.
Look at the gams on that thing!
Snapz@lemmy.world · 0 pts · 53d
Nah, that's some kinda bug, bro.
jeansburger@piefed.world · 50 pts · 54d
Apocalypteroid@lemmy.world · 45 pts · 54d
Can you say, "rug pull"?
Someonelol@lemmy.dbzer0.com · 42 pts · 54d
It's still above the IPO price so it has plenty more to fall.
popekingjoe@lemmy.world · 35 pts · 54d
Imgonnatrythis@sh.itjust.works · 29 pts · 54d
The Lemmy community expresses heartfelt sympathy for these dumb losers but really if you are an investor that let's day to day swings on a single stock ruin your day you need to find a new way to invest.
Diplomjodler3@lemmy.world · 25 pts · 54d
Oh dear! Nobody could possibly have seen that coming!
rafoix@lemmy.zip · 20 pts · 54d
It’s going to stay overpriced because retail investors will keep it pumped because they think it will make them millionaires.
impairedimperator@lemmy.zip · 18 pts · 54d
No, it will stay overpriced because it becomes a part of the NASDAQ 100 on 7/6 and 401ks are then legally required to buy it.
TryingToBeGood@reddthat.com · 17 pts · 54d
awww shucks...
baggachipz@sh.itjust.works · 14 pts · 53d
There is no way for it to make sense. It’s just dumb fucking insanity. Rocket company + subpar bullshit machine + Nazi chat room is not a real company. Soon they’ll combine with former car company who makes sub-par robots, making it even more stupid. Fuck all this shit.
LaunchesKayaks@lemmy.world · 14 pts · 53d
Leather@lemmy.world · 10 pts · 54d
I for one, can not wait to be forced into breeding so my great great grandchildren can continue pay for the SpaceX government bailout of 2028!
MrOtingocni@lemmy.world · 3 pts · 53d
That's a manga I would read
NM_Gringo@lemmy.world · 10 pts · 54d
I sold my NASDAQ index fund. So glad the S&P passed.
ScoffingLizard@lemmy.dbzer0.com · 3 pts · 54d
S&P almost certainly index companies that are exposed anyways. Get the fuck out of tech.
WanderWisley@lemmy.world · 10 pts · 53d
LodeMike@lemmy.today · 9 pts · 54d
Okay ❤️
Yay ❤️
ShredderFeeder@shredderfood.net · 9 pts · 54d
That makes me happy. :)
hark@lemmy.world · 9 pts · 53d
Not if they got in at the IPO price of $135. It's currently at $162, which is significantly higher than the already ridiculous IPO price and the index inclusion hasn't even happened yet.
medem@lemmy.wtf · 9 pts · 53d
These are not 'investors', but speculators.
Railcar8095@lemmy.world · 2 pts · 53d
Isn't all investment speculative in nature? Even fixed rates you are betting it will be better than the alternative.
medem@lemmy.wtf · 0 pts · 53d
Not quite. A (common) stock is nothing more than a certificate of ownership of part of a company. In theory, the value of that capital should increase over time, plus you hopefully get dividends regularly. Again - it's ownership, so that means that you could, in principle, hold that instrument 'forever' (just like you would, say, a piece of land), never planning to sell it back, and therefore not giving a single f*ck about its current or future price.
Railcar8095@lemmy.world · 1 pts · 52d
You don't invest in something because it's price is expected to increase of you plan to never ever sell. This makes no sense.
medem@lemmy.wtf · 0 pts · 52d
It's != its.
Again: stock is property. Arguing that the only reason to invest in stocks is getting money out of it by selling later at a higher price would be like saying that people buy apartments/land/metals solely for future financial gain.
...and even if one doesn't buy that argument, there's the concept of hedging, which is far enough from the concept of speculation to consider it its opposite.
Railcar8095@lemmy.world · 2 pts · 52d
People only but stocks because they expect to get more money from them than they spent.
And hedging is not the opposite of speculating, it's a strategy for safer speculation.
You're trying to make "invest= good, speculate= bad", so anybody investing on the bad company has to be a speculator, not an investor.
No true Scotsman fallacy
captainlezbian@lemmy.world · 6 pts · 54d
I'm glad I'm financially insulted from it (mostly on the s&p)
Zealotte@lemmy.zip · 9 pts · 54d
At first, I thought to maybe correct you by suggestinh that you meant to state that you're insulated, but insulted works too.
Carry on.
Marternus@discuss.tchncs.de · 5 pts · 54d
Is SpaceX another website for bdsm porn?
andallthat@lemmy.world · 3 pts · 53d
That's SpaSex. Porn in natural spas on Mars. Very short videos because they usually die after a few seconds but good enough for me (I don't last that long either).
elucubra@sopuli.xyz · 5 pts · 53d
Rocket Lab, and other space companies, are also being dragged down because they are bunched in for being space economy, despite being a way more sensible company. I predict that the Xshit sandwich will gradually lose steam, while RL will steadily climb again, and skyrocket (I am legally required to make that pun) when Neutron launches. That's my bet. Then again, Tesla is still obscenely overvalued, despite selling objectively last gen EVs that have dangerous fake autopilot, and which are effectively subsidized in the US by the gov't by virtue of bans and tariffs. Large funds, billionaires, and many retail investors are buying Nazitard's stock like meme stock buyers. There is going to be a lot of hurt sooner or later. BTW, how is starship, or whatever the exploding giant dildo is called, doing?
dustyData@lemmy.world · 4 pts · 53d
Still massively behind schedule, costs keep ballooning out of control. This year's test also blew up. Still can't even reach orbit. Still promising orbital refueling for a ship that barely even flies.
Gonzako@lemmy.world · 3 pts · 53d
Were you able to short the stock before it took such a plunge?