• @[email protected]
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    233 days ago

    And the stock still gained almost 5% since yesterday when they also announced revenue was down, way down and if you look closely at said revenue it was mostly from carbon credits which are endangered in the current administration. Without that they would have posted a loss.

    Somewhere Alan Greenspan is tapping a sign.

    • LughOP
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      3 days ago

      And the stock still gained almost 5% since yesterday when they also announced revenue was down,

      I wonder are they assuming he’ll be able to siphon hundreds of billions of government money?

      The TrumpMelania memecoins are 100% brazen corruption with zero pushback, these people must think there’s nothing to stop them.

      Elon Musk’s DOGE Wants Access to the Treasury’s Payment Systems

      • @Benjaben
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        83 days ago

        Yeah I mean, company leader being prominently in bed with the most corrupt president ever is almost certainly great for business. Even Elon would have to try hard to fuck up that kinda advantage. Not surprising at all if investors are still bullish.

      • @[email protected]
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        63 days ago

        I dunno, from the institutional side almost all trading now happens through algorithms and from the consumer side almost all trading is fueled by memes and vibes. The crash is gonna be the mother of all crashes. I mean just look at what Deepseek did a few days ago, it deleted hundreds of billions of dollars in NVDIA stock value. These stocks are so overvalued that they reflect absolutely nothing about their present ability to turn a profit. They are pure speculative fantasy.

        • LughOP
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          3 days ago

          The crash is gonna be the mother of all crashes.

          100%. When it happens on Trump’s watch, I wonder will Trump take over the Federal Reserve? And start money printing trillions to rescue the stock market?

          Erdogan has bankrupted Turkey with hyperinflation and his minions still love him.

          Trump had bankrupted every business he’s ever owned, it would be on brand for him to bankrupt America and the dollar as the world’s reserve currency.