this post was submitted on 28 Mar 2024
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Reddit Insiders Selling Days After IPO; Shares Fall (www.investors.com)
submitted 6 months ago by scottywh@lemmy.world to c/reddit@lemmy.ml
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[–] bigfoot@lemm.ee 27 points 6 months ago (2 children)

How in heck is Truth Social worth more than twice Reddit

[–] SorteKanin@feddit.dk 40 points 6 months ago (1 children)

Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.

[–] Ilovethebomb@lemm.ee 12 points 6 months ago (1 children)

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.

[–] SorteKanin@feddit.dk 3 points 6 months ago

That's basically what I meant with mob thinking.

[–] supangle@lemmy.wtf 1 points 5 months ago

chat … is this actually real? fucking trump has more value?