this post was submitted on 28 Mar 2024
215 points (98.6% liked)

Reddit

13521 readers
19 users here now

founded 4 years ago
MODERATORS
norz@lemmy.ml
215
Reddit Insiders Selling Days After IPO; Shares Fall (www.investors.com)
submitted 3 months ago by scottywh@lemmy.world to c/reddit@lemmy.ml
35 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] bigfoot@lemm.ee 26 points 3 months ago (2 children)

How in heck is Truth Social worth more than twice Reddit

[–] SorteKanin@feddit.dk 39 points 3 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 3 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 3 months ago

That's basically what I meant with mob thinking.

[–] supangle@lemmy.wtf 1 points 1 month ago

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