@[email protected] to [email protected] • 8 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.com@[email protected] to [email protected] • 8 months agomessage-square34fedilinkcross-posted to: [email protected][email protected]
minus-squareBigfootlinkfedilink0•8 months agoHow in heck is Truth Social worth more than twice Reddit
minus-square@[email protected]linkfedilink0•8 months agoBecause the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
minus-square@[email protected]linkfedilink0•8 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-square@[email protected]linkfedilink0•8 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.