▲ 610 ▼ SpaceX Investors in Meltdown Over All the Money They’ve Lost (finance.yahoo.com) submitted 3 months ago by sanitation@lemmy.today to c/technology@lemmy.world 165 comments fedilink hide all child comments
[–] chahn.chris@piefed.social 37 points 3 months ago (5 children) How did this not smell like a pump and dump to everyone? permalink fedilink source hideshow 5 child comments replies: [–] stealth_cookies@lemmy.ca 12 points 3 months ago Because too many people gamble (sorry "invest") based on vibes and memes these days rather than fundamentals of the business and maintaining a properly diversified stock portfolio with a realistic time horizon. They don't understand the concept of a pump and dump, and only see the people bragging about their quick wins rather than the majority that lose. permalink fedilink source parent [–] postmateDumbass@lemmy.world 8 points 3 months ago permalink fedilink source parent [–] ivanafterall@lemmy.world 7 points 3 months ago I smelled the pump, I smelled the dump, but nobody takes investing advice from me. permalink fedilink source parent [–] kreskin@lemmy.world 3 points 3 months ago* Participating in and profiting from a pump and dump scheme is the new American dream. permalink fedilink source parent [–] impairedimperator@lemmy.zip 3 points 3 months ago I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don't think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren't enough to keep it up. permalink fedilink source parent
[–] stealth_cookies@lemmy.ca 12 points 3 months ago Because too many people gamble (sorry "invest") based on vibes and memes these days rather than fundamentals of the business and maintaining a properly diversified stock portfolio with a realistic time horizon. They don't understand the concept of a pump and dump, and only see the people bragging about their quick wins rather than the majority that lose. permalink fedilink source parent
[–] ivanafterall@lemmy.world 7 points 3 months ago I smelled the pump, I smelled the dump, but nobody takes investing advice from me. permalink fedilink source parent
[–] kreskin@lemmy.world 3 points 3 months ago* Participating in and profiting from a pump and dump scheme is the new American dream. permalink fedilink source parent
[–] impairedimperator@lemmy.zip 3 points 3 months ago I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don't think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren't enough to keep it up. permalink fedilink source parent