scottywh@lemmy.world to Reddit@lemmy.ml · 8 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square35fedilinkarrow-up1217arrow-down13cross-posted to: reddit@lemmy.worldnews@lemmy.world
arrow-up1214arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to Reddit@lemmy.ml · 8 months agomessage-square35fedilinkcross-posted to: reddit@lemmy.worldnews@lemmy.world
minus-squareSorteKanin@feddit.dklinkfedilinkarrow-up40arrow-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-up12·8 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.