this post was submitted on 25 Jul 2026
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[–] ledasll@lemmy.wtf 6 points 1 hour ago (1 children)
[–] TBi@lemmy.world 4 points 1 hour ago

No. Clearly Obamas fault.

Thanks Obama!

/s

[–] tigermountain@lemmy.world 2 points 58 minutes ago

It's almost like evolution provides us with an endless supply of fools.

[–] Marija_@lemmy.zip 4 points 4 hours ago

Classic exititis when speculative hype meets financial reality.

[–] bold_atlas@lemmy.world 9 points 5 hours ago* (last edited 5 hours ago)

They always think they're in on the scam instead of the ones being scammed.

[–] melsaskca@lemmy.ca 8 points 5 hours ago

If you can't keep up with the corrupt big boys who own and manipulate the stock market then buy a fucking RRSP. There is no such thing as a free lunch (unless you are one of the corrupt big boys who own and manipulate the stock market).

[–] FinishingDutch@lemmy.world 10 points 6 hours ago

Good god, people were actually believing in that stock? Fucking idiots. 😂

That’s a meme stock, or something you buy a single share of just to say you have it. That wasn’t ever going make you rich, certainly not in the short run.

[–] GarboDog@lemmy.world 13 points 7 hours ago (1 children)

What… did they think was gonna happen??? It was a huuuuge pump and dump wealth transfer. It was so fucking obvious

[–] mirshafie@europe.pub 4 points 5 hours ago

They thought they'd sell first and leave someone else as the bagholder.

[–] dawcas@scribe.disroot.org 9 points 7 hours ago

You don't understand, Elon is a genius and this is all part of his plan. /s
Btw, now that his stocks are plummeting, do you think banks will make him pay them back? That would be fun.

[–] 1984@lemmy.today 14 points 11 hours ago* (last edited 11 hours ago) (1 children)

It's so hard to believe how people put so much money into a completely unknown stock (and with the joker Elon Musk involved in it) on day one. These people are not on their first day as investors but they are sure acting like it.

I think too many kids grew up on social media and believe whatever they read there. Fed by algorithms.

Even though, these guys have so much money so I guess it's adults? It's pretty shocking.

[–] jaemo@sh.itjust.works 1 points 1 hour ago

Lol no these are not adults. At least not in any emotional maturity context. Chronologically maybe...

[–] phutatorius@lemmy.zip 5 points 9 hours ago

I've been thinking about founding a secular religion. One of its commandments will be "Thou shalt not be a mark." You have a positive obligation to acquire at least a modicum of street smarts. It's a special case of the principle of peace through being a hard target.

I understand that some people are incapable of taking on even that level of responsibility for themselves. They deserve special care. As for the unwilling, they're like bad drivers who expect others to compensate for their recklessness. I'm sorry if they got conned by Musk, but things like that happen when you stick your finger into the rotating blade.

[–] drath@lemmy.drath.ru 19 points 14 hours ago

-24% since IPO is still crazy high. I expected it to drop at least 50% day one. But alas, people are idiots

[–] kreskin@lemmy.world 17 points 16 hours ago* (last edited 9 hours ago) (1 children)

They have no one to blame but themselves. What kind of flaming idiot puts their trust in Musk after all he has pulled and all that was publicly available about the spacex stock being an AI scam and not the previous core business of spacex.

[–] iocase@lemmy.zip 11 points 15 hours ago

Plus they were overvalued by a factor of like 100 if you can read and were bothered to read their prospectus and how/why they valued the company the way they did.

[–] godsammitdam@lemmy.zip 8 points 15 hours ago* (last edited 15 hours ago) (2 children)

Wouldn't lose money if they weren't stupid. How did all of us peasant folk see what was coming, but the savvy investors couldn't?

But they'd never admit that we're intelligent. That would ruin their savvy investor persona. Instead, we're just too woke or have Musk Derangement Syndrome.

[–] jj4211@lemmy.world 4 points 5 hours ago

To an extent, they weren't betting on the business, they were betting on the masses eating up the stock.

And they were at least initially right, and cashing out 2-4 days after the IPO certainly worked for and of them. Stock going down required some significant portion of them to take their winnings.

They were betting on the stupidity of the retail investor, not the fundamentals of the business.

[–] Duamerthrax@lemmy.world 10 points 14 hours ago

The same way that investors in Theranos ignored their medially trained family members. They're gambling addicts.

[–] skozzii@lemmy.ca 15 points 21 hours ago

They are going to be really mad because it's still 2x to 4x what it's actually worth, it's gonna drop hard.

[–] betanumerus@lemmy.ca 8 points 19 hours ago (1 children)

"Funny, I thought trendy stocks always went up quickly."

[–] SaveTheTuaHawk@lemmy.ca 1 points 6 hours ago

Americans and their obsession with making free money...

[–] MedicPigBabySaver@lemmy.world 53 points 1 day ago (1 children)
[–] EatMyPixelDust@lemmy.blahaj.zone 25 points 1 day ago (4 children)

Too many people have forgotten that the nazis are the bad guys.

[–] cantstopthesignal@sh.itjust.works 15 points 1 day ago* (last edited 1 day ago) (1 children)

People also forget that one of the fundamental parts of fascism is thievery. They steal money, gold, art, even ideologies and elections.

[–] postmateDumbass@lemmy.world 8 points 16 hours ago

The primarily steal the future.

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[–] BeUnique@lemmy.zip 35 points 1 day ago

"I gambled on a thing now I'm having a meltdown that it didn't go my way!"

[–] chahn.chris@piefed.social 37 points 1 day ago (5 children)

How did this not smell like a pump and dump to everyone?

[–] ivanafterall@lemmy.world 7 points 16 hours ago

I smelled the pump, I smelled the dump, but nobody takes investing advice from me.

[–] kreskin@lemmy.world 3 points 16 hours ago* (last edited 16 hours ago)

Participating in and profiting from a pump and dump scheme is the new American dream.

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[–] anugeshtu@lemmy.world 6 points 19 hours ago* (last edited 1 hour ago) (1 children)

What about that orbital data center (a.k.a. "Mikoshi") idea btw? How is that feasible?! Do they want to drop all those shiny valuable RAMs and GPUs into the satellite graveyard when those satellites have worn out? Well, maybe the oceanic life can build new kinds of riffs with it. 🥲

/edit: riffs should be reefs

[–] ivanafterall@lemmy.world 14 points 16 hours ago (2 children)

I bet those fish really know their scales. 🎸🤘

[–] dogslayeggs@lemmy.world 1 points 54 minutes ago

Nah, they are probably just bashing the same three power chords.

[–] anugeshtu@lemmy.world 1 points 1 hour ago

Ok, fair, potoooooooo 🥔. They'll probably dance and sing Hootie Tootie Disco Cutie. 😉

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