why shouldn't i be celebrating this ? if normies and pension funds dont want to hold the bag they shouldn't invest in these scams , who is forcing them ?
They all hold index funds and index funds buy this because they buy based on a predetermined algorithms. There is no human in the loop. The pension funds are using our money. You are cheering Elon and the Epstein gang robbing us blind. Get financially literate or get scammed.
It is more that a lot of them are tied to a specific stock market that has guardrails against new companies coming in and causing massive swings, but those markets made exceptions for AI companies for no logical reason.
11 Comments
thanksforreading@lemmy.ml · 13 pts · 16d
If you are celebrating this you may be financially illiterate. This is exactly what the IPO was designed to do.
That's what the chart is showing.
Fancy_Gecko@lemmy.ml · -1 pts · 15d
why shouldn't i be celebrating this ? if normies and pension funds dont want to hold the bag they shouldn't invest in these scams , who is forcing them ?
thanksforreading@lemmy.ml · 8 pts · 15d
They all hold index funds and index funds buy this because they buy based on a predetermined algorithms. There is no human in the loop. The pension funds are using our money. You are cheering Elon and the Epstein gang robbing us blind. Get financially literate or get scammed.
snooggums@piefed.world · 3 pts · 15d
It is more that a lot of them are tied to a specific stock market that has guardrails against new companies coming in and causing massive swings, but those markets made exceptions for AI companies for no logical reason.
HiddenLayer555@lemmy.ml · 8 pts · 16d
Dump phase of the pump and dump
yogthos@lemmy.ml · 2 pts · 15d
yup
Dzheyk@sh.itjust.works · 7 pts · 16d
Needs to keep going till it fully dies
shweddy@lemmy.world · 6 pts · 16d
SpaceX got the trumps
Fancy_Gecko@lemmy.ml · 3 pts · 15d
millions of people were and are scammed
marcie@lemmy.ml · 3 pts · 16d
woops china caught a rocket with a big net
yogthos@lemmy.ml · 2 pts · 15d
and the advantage with that approach is that you don't need landing gear and extra fuel for soft landing