- 5 days
This fiddle is way too big to express how little I care.
5 daysIt’s still above the IPO price so it has plenty more to fall.
- 5 days
The Lemmy community expresses heartfelt sympathy for these dumb losers but really if you are an investor that let’s day to day swings on a single stock ruin your day you need to find a new way to invest.
- baggachipz@sh.itjust.worksEnglish4 days
hinting at even more drama as investors struggle to make sense of Musk’s space-and-AI behemoth.
There is no way for it to make sense. It’s just dumb fucking insanity. Rocket company + subpar bullshit machine + Nazi chat room is not a real company. Soon they’ll combine with former car company who makes sub-par robots, making it even more stupid. Fuck all this shit.
- rafoix@lemmy.zipEnglish5 days
It’s going to stay overpriced because retail investors will keep it pumped because they think it will make them millionaires.
- Talcosis@lemmy.zipEnglish5 days
No, it will stay overpriced because it becomes a part of the NASDAQ 100 on 7/6 and 401ks are then legally required to buy it.
- Railcar8095@lemmy.worldEnglish4 days
Isn’t all investment speculative in nature? Even fixed rates you are betting it will be better than the alternative.
- medem@lemmy.wtfEnglish4 days
Not quite. A (common) stock is nothing more than a certificate of ownership of part of a company. In theory, the value of that capital should increase over time, plus you hopefully get dividends regularly. Again - it’s ownership, so that means that you could, in principle, hold that instrument ‘forever’ (just like you would, say, a piece of land), never planning to sell it back, and therefore not giving a single f*ck about its current or future price.
- Leather@lemmy.worldEnglish5 days
I for one, can not wait to be forced into breeding so my great great grandchildren can continue pay for the SpaceX government bailout of 2028!
Not if they got in at the IPO price of $135. It’s currently at $162, which is significantly higher than the already ridiculous IPO price and the index inclusion hasn’t even happened yet.
