• MeatsOfRage@lemmy.world
    33616·
    9 months ago

    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.

      • Kusimulkku@lemm.ee
        296·
        9 months ago

        This feels like straight up agenda posting. Posting it to a shitposting sub doesn’t make it any different.

          • Kusimulkku@lemm.ee
            254·
            9 months ago

            “This post is misleading”

            “WELL CLEARLY YOU MUST LOVE THE THING SINCE YOU’D POINT THAT OUT”

            Lmao. Why are some people like this

            • summerof69@lemm.ee
              23·
              9 months ago

              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!

              • Kusimulkku@lemm.ee
                61·
                9 months ago

                “This post is misleading”

                If by “this” you mean

                I think the “this” in my post just means the post. It’s sorta hinted at with the word “post” right after it lol

              • Kusimulkku@lemm.ee
                101·
                9 months ago

                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

    • saltesc@lemmy.world
      32·
      9 months ago

      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.

    • wolfpack86@lemmy.world
      8·
      9 months ago

      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.

    • BeansLeg@lemm.eeEnglish
      4·
      9 months ago

      I agree with the sentiment but it certainly has not been a clear upward trajectory.

      • MeatsOfRage@lemmy.world
        2·
        9 months ago

        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.

        • BeansLeg@lemm.eeEnglish
          2·
          9 months ago

          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.

  • db2@lemmy.world
    632·
    9 months ago

    They already pumped it and dumped, you’re seeing the after effect now.

  • andrewth09@lemmy.world
    522·
    9 months ago

    God, please don’t turn Lemmy into “haha reddit stock goes down” literally any time their stock fluctuates.

    • grrgyle@slrpnk.net
      8·
      9 months ago

      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

      • Moneo@lemmy.world
        3·
        9 months ago

        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.

        • grrgyle@slrpnk.net
          1·
          9 months ago

          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.

      • jcg@halubilo.social
        2·
        9 months ago

        Right, if all you talk about is the shit Elon is doing, you’re really no better than a fanboy of his.

      • HRDS_654@lemmy.worldEnglish
        2·
        9 months ago

        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”.

    • summerof69@lemm.ee
      2·
      9 months ago

      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.

    • Neuromancer@lemm.ee
      136·
      9 months ago

      I ponder who the fuck is buying truth social. That is the puzzling part to me.

      • awwwyissss@lemm.ee
        31·
        9 months ago

        Very wealthy people who want to transfer money to Trump outside of legal channels in exchange for favors political favors.

  • Etterra@lemmy.world
    42·
    9 months ago

    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.

  • jeffw@lemmy.world
    498·
    9 months ago

    Is this anti-Reddit? It’s still up like almost 20% since the IPO?

  • driving_crooner@lemmy.eco.br
    5414·
    9 months ago

    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.

  • doggle@lemmy.dbzer0.com
    21·
    9 months ago

    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.