• TORFdot0@lemmy.world
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    7 months ago

    Why would anyone give money to a business who has never ran in the black after 20 years? Just set your money on fire instead

    • Ghostalmedia@lemmy.world
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      7 months ago

      Dumb people are going to see headlines about “AI” and “the first social media IPO in a long time,” and they’re going fork over money. Also speculators are going to buy after they speculate that other speculators are going to buy speculatively.

      • butterflyattack@lemmy.world
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        7 months ago

        Yeah, this IPO will probably go just fine and a bunch of wankers will make a bunch of money. That’s what it’s all about, after all.

        • WallEx@feddit.de
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          7 months ago

          And where does that money come from?

          Honest question, I hate finances.

          • Yrt@feddit.de
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            7 months ago

            Mostly from small people either tricked into buying the "new bitcoin/Nvidia/apple/… before it’s to late or dumb people hyped by other dumb people into buying it.

    • Altima NEO@lemmy.zip
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      7 months ago

      And thats why theyre trying to sucker the users themselves to invest first, so they can pump and dump.

      • Draupnir@lemmy.world
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        7 months ago

        Wouldn’t be surprised if they manipulated the discussion around the stock as well. Bot army or admin downvotes on critical discussions, and lots of upvotes on the hype.

    • voracitude@lemmy.world
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      7 months ago

      Better, buy a lottery ticket with it. That way it might be worth as much as the ash you’d have anyway, but there’s a chance you’ll become a millionaire.

      Or Bitcoin, but fair warning: you might find yourself tempted to start a rap career, and that’s almost never advisable.