this post was submitted on 07 Jun 2026
359 points (99.7% liked)
Technology
85196 readers
4290 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It’s a FOMO play for morons.
The entire valuation is that they say that they can find $28T of businesses on mars and the moon, that that creating these business ideas is something they can do repeatably.
To be fair, you're only a moron if you are considering it a "hold forever" stock. If you get out in time, or even if you miss-time it, that's just gambling, which only makes you a moron if you can't afford the loss.
No single stock should be a hold forever play (unless you count ETFs as a single stock)
A steady dividend stock might be a hold forever stock. Especially if you don't want to realize the capital gains of the stock's appreciation.
It's one single stock for one company, there is still high risk of extreme losses over a very long time