• @MeatsOfRage
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    8 months ago

    Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it’s got pretty good upward consistency.

    Posts like this are like the sad ex who can’t move on and just makes up bullshit about their former partner. Let’s move on and make Lemmy better instead of being stuck making up fake news for internet points.

      • @[email protected]
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        238 months ago

        This feels like straight up agenda posting. Posting it to a shitposting sub doesn’t make it any different.

          • @[email protected]
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            218 months ago

            “This post is misleading”

            “WELL CLEARLY YOU MUST LOVE THE THING SINCE YOU’D POINT THAT OUT”

            Lmao. Why are some people like this

            • @[email protected]
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              -18 months ago

              If by “this” you mean “go to a community with ‘Memes, Jokes, Vents and Banter’ with a straight face”, then you’re the one who might have the answer!

              • @[email protected]
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                58 months ago

                “This post is misleading”

                If by “this” you mean

                I think the “this” in my post just means the post. It’s sorta hinted at with the word “post” right after it lol

              • @[email protected]
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                8 months ago

                What’s the meme part

                And no, I don’t want facts here. I don’t want purposefully misleading shit either. That’s ofyen just facts presented weirdly to mislead you. I want proper good old fashioned shitposts

      • no banana
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        38 months ago

        People really seem to think this community has only serious bones in its ruling body

        • @[email protected]
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          78 months ago

          On the other hand, being posted to a shitposting sub doen’t make something a shitpost. Shitposts don’t have to be jokes but just feels like agendaposting, which feels a bit lame in a shitposting sub.

    • @saltesc
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      328 months ago

      I do this all the time in my reports to execs. If they’re not paying attention to something I’ve been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they’re obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.

    • @wolfpack86
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      88 months ago

      Facebook stock had a notoriously horrible IPO. I bought at open and had friends laughing at me when it went to $18ish. I doubled my position.

      Finally sold most of those shares at $475.

      • @MeatsOfRage
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        28 months ago

        Yea now it’s going through fluctuations. When this post went up it was at the peak of the 26th. Either way, we gotta wait this out before jerking ourselves off about a stock crash.

        • @[email protected]
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          28 months ago

          You’re right, I didn’t notice the post was a few days old. I completely agree with you then.

          We can still jerk ourselves off the old fashioned way though.

  • @db2
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    618 months ago

    They already pumped it and dumped, you’re seeing the after effect now.

  • @andrewth09
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    508 months ago

    God, please don’t turn Lemmy into “haha reddit stock goes down” literally any time their stock fluctuates.

    • @[email protected]
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      88 months ago

      A similar thing happened with one of my favourite podcasts: Tech Won’t Save Us. They just started crowing about what a craven loser Elon Musk was at every opportunity. And it really sucked all the life out of the podcast for me. Like it used to be super interesting, well researched, broad, hopeful; and suddenly it seemed to only be about dunking on billionaires.

      Which, deserved. But I don’t want to hear about Musk’s stupid machinations while I’m doing food prep. I want to hear about something cool, like collective action in India.

      Maybe I’m in the minority though. Or maybe it’s gotten better by now. Idk

      • @Moneo
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        38 months ago

        They probably noticed a huge bump in numbers in the episodes where they shit on Elon. There’s a weird dynamic where toxic shit partially maintains it’s popularity because content that focuses on debunking it gets eaten up. So ‘sane’ creators have to decide between creating interesting things or repeatedly dunking on some toxic shit that it grows their platform.

        • @[email protected]
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          18 months ago

          That makes sense, and it’s definitely what happened with mainstream news and Donald Trump. It’s this weird codependence that creates the audience for the behaviour your pointing out as outrageous.

      • @HRDS_654
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        28 months ago

        It’s kinda how I feel about any shitty person that gets clowned on. At some point it’s just like “yeah, we all know this person is a POS, what else is new”.

      • @[email protected]
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        28 months ago

        Right, if all you talk about is the shit Elon is doing, you’re really no better than a fanboy of his.

    • @[email protected]
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      28 months ago

      I think they’ve just had the IPO, that’s why we see it. But I wouldn’t worry in the long term unless something major happens, but that applies to any major social media.

  • @confluence
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    498 months ago

    Truth Social should be next

    • Neuromancer
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      78 months ago

      I ponder who the fuck is buying truth social. That is the puzzling part to me.

      • @[email protected]
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        318 months ago

        Very wealthy people who want to transfer money to Trump outside of legal channels in exchange for favors political favors.

      • @arin
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        38 months ago

        Dumbass Republicans with their dad’s oil inheritance

  • @Etterra
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    428 months ago

    Get back to us in 6 months and we’ll see how it’s going. I have low expectations. Somehow capitalism always finds a way to propagate itself, no matter how little sense it makes.

  • @jeffw
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    8 months ago

    Is this anti-Reddit? It’s still up like almost 20% since the IPO?

      • @jeffw
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        288 months ago

        Now change the view to anything but 1 day. Line go up. So what?

        • gregorum
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          88 months ago

          It peaked at like 78, but now it’s been been on a downward trend

          • @jeffw
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            58 months ago

            So it went straight up for a week and had a 1 day correction but is still way up over the past 72 hours. What am I missing here?

            • @[email protected]
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              48 months ago

              Liquidation is the easiest means of generating profit. Investors are just looking for the quickest exit scam. Thats a lot of people waiting to pullout.

  • @[email protected]
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    408 months ago

    OP: *post on c\shitposting *

    Nerds: actually, the valuation from the IPO have being up 20%, and you can’t evaluate an stock from its movements on a couple of hours.

  • @brlemworld
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    398 months ago

    What a misleading post, it’s up a lot apparently.

  • @jordanlund
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    358 months ago

    You’re only looking at one day, not since the IPO dropped.

  • @[email protected]
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    218 months ago

    Extremely volatile, as anyone expected. Since they started the IPO at $34 things aren’t going bad at all so far.

    Give it a year, and we’ll see what the company’s actually worth.

    • @200ok
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      118 months ago

      Gonads and strife

  • @AllonzeeLV
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    118 months ago

    …And nothing of value was lost.

  • @EdibleFriend
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    118 months ago

    (plz keep giving me reasons to use this it brings me joy)