this post was submitted on 28 Mar 2024
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Reddit Insiders Selling Days After IPO; Shares Fall (www.investors.com)
submitted 7 months ago by [email protected] to c/[email protected]
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[–] [email protected] 26 points 7 months ago (1 children)

How in heck is Truth Social worth more than twice Reddit

[–] [email protected] 39 points 7 months ago (1 children)

Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.

[–] [email protected] 12 points 7 months ago (1 children)

Not mostly, but people are buying Truth Social shares not because they think it's a sound financial decision, but because they support the company. It's meme stock logic.

[–] [email protected] 3 points 7 months ago

That's basically what I meant with mob thinking.