SorteKanin comments on Reddit Insiders Selling Days After IPO; Shares Fall

[–] SorteKanin@feddit.dk 39 points 2 years ago (1 child)

Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.

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[–] Ilovethebomb@lemm.ee 12 points 2 years ago (1 child)

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.

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[–] SorteKanin@feddit.dk 3 points 2 years ago

That's basically what I meant with mob thinking.

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lemmy:	0.19.20
mlmym (mschae):	26.3.4