scottywh@lemmy.world to Reddit@lemmy.ml · 7 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square34fedilinkarrow-up11arrow-down10cross-posted to: [email protected][email protected]
arrow-up11arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to Reddit@lemmy.ml · 7 months agomessage-square34fedilinkcross-posted to: [email protected][email protected]
minus-squareBigfoot@lemm.eelinkfedilinkarrow-up0·7 months agoHow in heck is Truth Social worth more than twice Reddit
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up0·7 months agoBecause the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
minus-squareIlovethebomb@lemm.eelinkfedilinkarrow-up0·7 months agoNot 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.
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up0·7 months agoThat’s basically what I meant with mob thinking.
How in heck is Truth Social worth more than twice Reddit
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.