This fiddle is way too big to express how little I care.
I still think this is the world’s tiniest cello, and not a violin.
Or perhaps viola da gamba.
Look at the gams on that thing!
Nah, that’s some kinda bug, bro.
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.
Can you say, “rug pull”?
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.
It’s still above the IPO price so it has plenty more to fall.
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.
These are not ‘investors’, but speculators.
Isn’t all investment speculative in nature? Even fixed rates you are betting it will be better than the alternative.
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.
You don’t invest in something because it’s price is expected to increase of you plan to never ever sell. This makes no sense.
It’s != its.
Again: stock is property. Arguing that the only reason to invest in stocks is getting money out of it by selling later at a higher price would be like saying that people buy apartments/land/metals solely for future financial gain.
…and even if one doesn’t buy that argument, there’s the concept of hedging, which is far enough from the concept of speculation to consider it its opposite.
People only but stocks because they expect to get more money from them than they spent.
And hedging is not the opposite of speculating, it’s a strategy for safer speculation.
You’re trying to make “invest= good, speculate= bad”, so anybody investing on the bad company has to be a speculator, not an investor.
No true Scotsman fallacy
Oh dear! Nobody could possibly have seen that coming!
It’s going to stay overpriced because retail investors will keep it pumped because they think it will make them millionaires.
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.
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!
That’s a manga I would read
awww shucks…
