• I Cast Fist@programming.devEnglish
    3 months

    Anyone who didn’t get in on the first hour and sold 3 hours later, tops, was bound to lose money.

  • ch00f@lemmy.worldEnglish
    3 months

    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.

    • BeardededSquidward@lemmy.blahaj.zoneEnglish
      3 months

      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.

  • Marija_@lemmy.zipEnglish
    3 months

    Classic exititis when speculative hype meets financial reality.

  • melsaskca@lemmy.caEnglish
    3 months

    If you can’t keep up with the corrupt big boys who own and manipulate the stock market then buy a fucking RRSP. There is no such thing as a free lunch (unless you are one of the corrupt big boys who own and manipulate the stock market).

  • bthest@lemmy.worldEnglish
    3 months

    They always think they’re in on the scam instead of the ones being scammed.

  • FinishingDutch@lemmy.worldEnglish
    3 months

    Good 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.worldEnglish
      3 months

      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.worldEnglish
    3 months

    What… did they think was gonna happen??? It was a huuuuge pump and dump wealth transfer. It was so fucking obvious

    • mirshafie@europe.pubEnglish
      3 months

      They thought they’d sell first and leave someone else as the bagholder.

  • Cam@scribe.disroot.orgEnglish
    3 months

    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.

  • phutatorius@lemmy.zipEnglish
    3 months

    I’ve been thinking about founding a secular religion. One of its commandments will be “Thou shalt not be a mark.” You have a positive obligation to acquire at least a modicum of street smarts. It’s a special case of the principle of peace through being a hard target.

    I understand that some people are incapable of taking on even that level of responsibility for themselves. They deserve special care. As for the unwilling, they’re like bad drivers who expect others to compensate for their recklessness. I’m sorry if they got conned by Musk, but things like that happen when you stick your finger into the rotating blade.

  • 1984@lemmy.todayEnglish
    3 months

    It’s so hard to believe how people put so much money into a completely unknown stock (and with the joker Elon Musk involved in it) on day one. These people are not on their first day as investors but they are sure acting like it.

    I think too many kids grew up on social media and believe whatever they read there. Fed by algorithms.

    Even though, these guys have so much money so I guess it’s adults? It’s pretty shocking.

    • oortjunk@sh.itjust.worksEnglish
      3 months

      Lol no these are not adults. At least not in any emotional maturity context. Chronologically maybe…

  • drath@lemmy.drath.ruEnglish
    3 months

    -24% since IPO is still crazy high. I expected it to drop at least 50% day one. But alas, people are idiots