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submitted 8 months ago by Clbull@lemmy.world to c/technology@lemmy.world
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[-] Ghostalmedia@lemmy.world 66 points 8 months ago

Dumb people are going to see headlines about “AI” and “the first social media IPO in a long time,” and they’re going fork over money. Also speculators are going to buy after they speculate that other speculators are going to buy speculatively.

[-] butterflyattack@lemmy.world 28 points 8 months ago

Yeah, this IPO will probably go just fine and a bunch of wankers will make a bunch of money. That's what it's all about, after all.

[-] WallEx@feddit.de 10 points 8 months ago

And where does that money come from?

Honest question, I hate finances.

[-] Yrt@feddit.de 12 points 8 months ago* (last edited 8 months ago)

Mostly from small people either tricked into buying the "new bitcoin/Nvidia/apple/... before it's to late or dumb people hyped by other dumb people into buying it. And if enough small people invested and the stock rises the big player collect the profit.

[-] WallEx@feddit.de 3 points 8 months ago

Yeah that was my expectation ... Thanks for the explanation

[-] lando55@lemmy.world 1 points 8 months ago

Wait for dat citation... before accepting that rationalization

[-] veni_vedi_veni@lemmy.world 1 points 8 months ago

Yea, no I don't have time for anything besides confirmation bias

this post was submitted on 28 Feb 2024
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