scottywh@lemmy.world to Reddit@lemmy.ml · 8 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square36fedilinkarrow-up1221arrow-down12cross-posted to: [email protected][email protected]
arrow-up1219arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to Reddit@lemmy.ml · 8 months agomessage-square36fedilinkcross-posted to: [email protected][email protected]
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up41arrow-down1·8 months agoBecause the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
minus-squareIlovethebomb@lemm.eelinkfedilinkarrow-up11·8 months agoNot mostly, but people are buying Truth Social shares not because they think it’s a sound financial decision, but because they support the company. It’s meme stock logic.
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up3·8 months agoThat’s basically what I meant with mob thinking.
Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
Not mostly, but people are buying Truth Social shares not because they think it’s a sound financial decision, but because they support the company. It’s meme stock logic.
That’s basically what I meant with mob thinking.