this post was submitted on 25 Jul 2026
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How did this not smell like a pump and dump to everyone?
I smelled the pump, I smelled the dump, but nobody takes investing advice from me.
Participating in and profiting from a pump and dump scheme is the new American dream.
Because too many people gamble (sorry "invest") based on vibes and memes these days rather than fundamentals of the business and maintaining a properly diversified stock portfolio with a realistic time horizon.
They don't understand the concept of a pump and dump, and only see the people bragging about their quick wins rather than the majority that lose.
I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don't think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren't enough to keep it up.