- ch00f@lemmy.worldEnglish3 days
For everyone blaming his politics for the decline, you clearly weren’t paying attention when 75% of Tesla shareholders voted to pay him a $1T bonus last November.
The people dealing with stocks don’t care about his politics.
- 3 days
They love his politics, I wonder how many he helped out cutting up regulatory agencies that may have been looking into their own companies they’re CEOs to.
- 4 days
what’s the context behind this, what were they doing? haha
- Grilipper54@sh.itjust.worksEnglish4 days
Miss Rachael a YouTube star had Mamdani on a show. The clip is both of them singing the " Wheels on a bus song"“. The gif is specifically the part singing " the baby on the bus goes, wah, wah, wah”.
- 3 days
No I am watching and I think they are just very sad.
4 daysGood god, people were actually believing in that stock? Fucking idiots. 😂
That’s a meme stock, or something you buy a single share of just to say you have it. That wasn’t ever going make you rich, certainly not in the short run.
- locahosr443@lemmy.worldEnglish3 days
If you wanted to gamble some money on it the only smart play was obviously to aim for something safe like 10% and ride the first 24 hour pump and dump. I considered it but the whole thing felt just too dumb even to risk that.
It’s mad that anyone thought this was anything but a panicked debt rescue and exit scheme
- GarboDog@lemmy.worldEnglish4 days
What… did they think was gonna happen??? It was a huuuuge pump and dump wealth transfer. It was so fucking obvious
- mirshafie@europe.pubEnglish4 days
They thought they’d sell first and leave someone else as the bagholder.
They always think they’re in on the scam instead of the ones being scammed.
- 5 days
Too many people have forgotten that the nazis are the bad guys.
- 5 days
People also forget that one of the fundamental parts of fascism is thievery. They steal money, gold, art, even ideologies and elections.
- DuncanTheDrunk@lemmy.worldEnglish5 days
I think many people forget how many Americans were pro-nazi before we entered the war. Not to mention how it was decades before the civil rights movement. I know this isn’t an American site so it doesn’t pertain to everyone, but there seems to be some type of collective amnesia of the values we had not even 100 years ago.
- 5 days
What else would you expect trying to make a company that barely makes anything command a trillion dollar evaluation.
- shirasho@feddit.onlineEnglish5 days
Their valuation was made based on the potential for every company to be using the product. No other companies outside of Musk-owned ones are valued that way. Many are valued on the average of a few years of revenue multiplied by 10.
It is blatant corruption and market manipulation. Anybody investing in such a company should expect to be holding bags within 24 hours.
- jj4211@lemmy.worldEnglish4 days
Indeed, someone with a deep fanaticism for Musk posted exactly that scenario as inevitable. This was to stand by his man when Musk asserted that SpaceX should be worth more than everything else on earth combined (he was pissed that spcx had fallen).
The dude claimed that by 2038 the 20 biggest companies would all be entirely space based exclusively, and that globally SpaceX would be the sole provider of space technology and the other 19 companies would be tenants of SpaceX. It all made sense to him because space is bigger than earth, right?
I can’t find it, but among the usual suspects (space mining, space datacenters, terra forming), I was especially amused that his hypothetical “space banking company”, because for some reason the financials of space companies needed to be managed by a company that could get stuff launched into space?
- 5 days
Just a note: the same people who predicted this would happen are the same predicting the AI bubble bursting.
- kinsnik@lemmy.worldEnglish5 days
well, it is the same prediction. SpaceX IPOed as an AI company mostly
- tormeh@discuss.tchncs.deEnglish4 days
Which is amazing because it’s somewhere between 4th and 15th place in the LLM race. Let’s say you really believe in a winner-takes-all scenario for AI where the winner gets to monetize harder than Google… Why would you invest in SpaceX? I don’t understand the scenario in which SpaceX makes loads of money off of AI. Maybe with space datacenters, assuming that’s even possible? But if that’s the plan, why spend lots of money training their own model rather than renting out racks of GPUs?
- 4 days
Makes sense, but didn’t DOGE steal/transfer social security admin and other US government databases on every American for their AI training. Maybe that access was their implied/wink wink advantage over others?
- tormeh@discuss.tchncs.deEnglish4 days
That data is probably good for advertising, but I don’t know if it’s useful for AI training.
- stealth_cookies@lemmy.caEnglish5 days
Because too many people gamble (sorry “invest”) based on vibes and memes these days rather than fundamentals of the business and maintaining a properly diversified stock portfolio with a realistic time horizon.
They don’t understand the concept of a pump and dump, and only see the people bragging about their quick wins rather than the majority that lose.
I smelled the pump, I smelled the dump, but nobody takes investing advice from me.
- kreskin@lemmy.worldEnglish4 days
Participating in and profiting from a pump and dump scheme is the new American dream.
- Talcosis@lemmy.zipEnglish4 days
I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don’t think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren’t enough to keep it up.
- drath@lemmy.drath.ruEnglish4 days
-24% since IPO is still crazy high. I expected it to drop at least 50% day one. But alas, people are idiots
You don’t understand, Elon is a genius and this is all part of his plan. /s
Btw, now that his stocks are plummeting, do you think banks will make him pay them back? That would be fun.
