Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it's got pretty good upward consistency.
Posts like this are like the sad ex who can't move on and just makes up bullshit about their former partner. Let's move on and make Lemmy better instead of being stuck making up fake news for internet points.
And no, I don't want facts here. I don't want purposefully misleading shit either. That's ofyen just facts presented weirdly to mislead you. I want proper good old fashioned shitposts
On the other hand, being posted to a shitposting sub doen't make something a shitpost. Shitposts don't have to be jokes but just feels like agendaposting, which feels a bit lame in a shitposting sub.
I do this all the time in my reports to execs. If they're not paying attention to something I've been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they're obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.
Yea now it's going through fluctuations. When this post went up it was at the peak of the 26th. Either way, we gotta wait this out before jerking ourselves off about a stock crash.
A similar thing happened with one of my favourite podcasts: Tech Won't Save Us. They just started crowing about what a craven loser Elon Musk was at every opportunity. And it really sucked all the life out of the podcast for me. Like it used to be super interesting, well researched, broad, hopeful; and suddenly it seemed to only be about dunking on billionaires.
Which, deserved. But I don't want to hear about Musk's stupid machinations while I'm doing food prep. I want to hear about something cool, like collective action in India.
Maybe I'm in the minority though. Or maybe it's gotten better by now. Idk
They probably noticed a huge bump in numbers in the episodes where they shit on Elon. There's a weird dynamic where toxic shit partially maintains it's popularity because content that focuses on debunking it gets eaten up. So 'sane' creators have to decide between creating interesting things or repeatedly dunking on some toxic shit that it grows their platform.
That makes sense, and it's definitely what happened with mainstream news and Donald Trump. It's this weird codependence that creates the audience for the behaviour your pointing out as outrageous.
It's kinda how I feel about any shitty person that gets clowned on. At some point it's just like "yeah, we all know this person is a POS, what else is new".
I think they've just had the IPO, that's why we see it. But I wouldn't worry in the long term unless something major happens, but that applies to any major social media.
Get back to us in 6 months and we'll see how it's going. I have low expectations. Somehow capitalism always finds a way to propagate itself, no matter how little sense it makes.
Liquidation is the easiest means of generating profit. Investors are just looking for the quickest exit scam. Thats a lot of people waiting to pullout.
Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it's got pretty good upward consistency.
Posts like this are like the sad ex who can't move on and just makes up bullshit about their former partner. Let's move on and make Lemmy better instead of being stuck making up fake news for internet points.
Sir, this is a
Wendy'sshit posting communityThis feels like straight up agenda posting. Posting it to a shitposting sub doesn't make it any different.
Are we gonna pretend that Reddit doesn't completely suck ass, in the bad way?
Are you guys investing in it or something? 🤔
"This post is misleading"
"WELL CLEARLY YOU MUST LOVE THE THING SINCE YOU'D POINT THAT OUT"
Lmao. Why are some people like this
If by "this" you mean "go to a community with 'Memes, Jokes, Vents and Banter' with a straight face", then you're the one who might have the answer!
I think the "this" in my post just means the post. It's sorta hinted at with the word "post" right after it lol
It's a meme on a meme community. AKA a joke. If you wants facts, this isn't the place. 🤦♂️
What's the meme part
And no, I don't want facts here. I don't want purposefully misleading shit either. That's ofyen just facts presented weirdly to mislead you. I want proper good old fashioned shitposts
People really seem to think this community has only serious bones in its ruling body
On the other hand, being posted to a shitposting sub doen't make something a shitpost. Shitposts don't have to be jokes but just feels like agendaposting, which feels a bit lame in a shitposting sub.
No, everything in here is shitposting.
Lmao
See, that's the way to react!
I react to shitposts as such but agendaposts in a shitposting sub, that's just lame imo.
I do this all the time in my reports to execs. If they're not paying attention to something I've been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they're obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.
Facebook stock had a notoriously horrible IPO. I bought at open and had friends laughing at me when it went to $18ish. I doubled my position.
Finally sold most of those shares at $475.
I agree with the sentiment but it certainly has not been a clear upward trajectory.
Yea now it's going through fluctuations. When this post went up it was at the peak of the 26th. Either way, we gotta wait this out before jerking ourselves off about a stock crash.
You're right, I didn't notice the post was a few days old. I completely agree with you then.
We can still jerk ourselves off the old fashioned way though.
They already pumped it and dumped, you're seeing the after effect now.
God, please don't turn Lemmy into "haha reddit stock goes down" literally any time their stock fluctuates.
A similar thing happened with one of my favourite podcasts: Tech Won't Save Us. They just started crowing about what a craven loser Elon Musk was at every opportunity. And it really sucked all the life out of the podcast for me. Like it used to be super interesting, well researched, broad, hopeful; and suddenly it seemed to only be about dunking on billionaires.
Which, deserved. But I don't want to hear about Musk's stupid machinations while I'm doing food prep. I want to hear about something cool, like collective action in India.
Maybe I'm in the minority though. Or maybe it's gotten better by now. Idk
They probably noticed a huge bump in numbers in the episodes where they shit on Elon. There's a weird dynamic where toxic shit partially maintains it's popularity because content that focuses on debunking it gets eaten up. So 'sane' creators have to decide between creating interesting things or repeatedly dunking on some toxic shit that it grows their platform.
That makes sense, and it's definitely what happened with mainstream news and Donald Trump. It's this weird codependence that creates the audience for the behaviour your pointing out as outrageous.
Right, if all you talk about is the shit Elon is doing, you're really no better than a fanboy of his.
It's kinda how I feel about any shitty person that gets clowned on. At some point it's just like "yeah, we all know this person is a POS, what else is new".
I think they've just had the IPO, that's why we see it. But I wouldn't worry in the long term unless something major happens, but that applies to any major social media.
Truth Social should be next
Very wealthy people who want to transfer money to Trump outside of legal channels in exchange for favors political favors.
Dumbass Republicans with their dad's oil inheritance
Anyway
Get back to us in 6 months and we'll see how it's going. I have low expectations. Somehow capitalism always finds a way to propagate itself, no matter how little sense it makes.
Is this anti-Reddit? It’s still up like almost 20% since the IPO?
line go down
Now change the view to anything but 1 day. Line go up. So what?
It peaked at like 78, but now it’s been been on a downward trend
There’s always a spike.
So it went straight up for a week and had a 1 day correction but is still way up over the past 72 hours. What am I missing here?
Reddit bad, line going down is good. Don't over think it.
Liquidation is the easiest means of generating profit. Investors are just looking for the quickest exit scam. Thats a lot of people waiting to pullout.
Line go right
I just don’t like the stock
Edit: this is not investment advice
I hate the stock.
This is investment advice.
I hate spez
This is an opinion
Price goes underground
OP: *post on c\shitposting *
Nerds: actually, the valuation from the IPO have being up 20%, and you can't evaluate an stock from its movements on a couple of hours.
*Agenda posts*
"This is misleading"
"Hehe nice try but I posted it to shitpost subreddit so you shouldn't say anything about that"
I don't think it works like that lol
Agenda post? My friend, Is the rich people emotional support line. Isn't real.
wat
What a misleading post, it's up a lot apparently.
Down to 48 something now.
You're only looking at one day, not since the IPO dropped.
That's a bad shitpost
Tbh I love a good shitpost that makes people fight
Extremely volatile, as anyone expected. Since they started the IPO at $34 things aren't going bad at all so far.
Give it a year, and we'll see what the company's actually worth.
Wheeeeeeeeeeeeeeeeeeee
Gonads and strife
(plz keep giving me reasons to use this it brings me joy)
...And nothing of value was lost.
Great penny stock next week
🎵It all returns to nothing.
It all comes tumbling down tumbling down tumbling down🎵
Eat shit and sink. Stupid fuckers.
Can the kids in the stocks subreddits do a reverse GameStop on this?
Would just be hilarious if this thing went to zero in the first month.
Now, do yesterday!
OP shorted it and is trying to wag the dog
This happens to almost every single IPO ever...