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minus-squareCatoblepas@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up54·9 days agoHi, I am not very smart at the economy. Is it considered good when a company loses over 60% of its value in one year?
minus-squareIninewCrow@lemmy.calinkfedilinkEnglisharrow-up29·8 days agoAt this point in history … the economy looks and acts more like a religion or cult It only exists based on the beliefs and faith of the people who follow it … as soon as enough people lose faith in it, it is no longer worth anything
minus-squareWildmimic@anarchist.nexuslinkfedilinkEnglisharrow-up3·8 days agoIt is a religion, and the thought leaders tend to be just as mature as expected when their theories get dismantled. https://www.youtube.com/watch?v=YJrhBwGw7Ac for more information.
minus-squareartyom@piefed.sociallinkfedilinkEnglisharrow-up18arrow-down1·8 days agoa year? It’s down 37.5% in five days !
minus-squareMidnight Wolf@lemmy.worldlinkfedilinkEnglisharrow-up9·9 days agoDepends. Do you like that company? Then no.
minus-squareAtelopus-zeteki@fedia.iolinkfedilinkarrow-up10·9 days agoI dislike the company, so Yay, Bonus!
minus-squaretburkhol@lemmy.worldlinkfedilinkEnglisharrow-up9·8 days agoIt is excellent evidence that the founders and VCs chose exactly the right time to unload their scheme and rip off a naive public.
Hi, I am not very smart at the economy. Is it considered good when a company loses over 60% of its value in one year?
At this point in history … the economy looks and acts more like a religion or cult
It only exists based on the beliefs and faith of the people who follow it … as soon as enough people lose faith in it, it is no longer worth anything
It is a religion, and the thought leaders tend to be just as mature as expected when their theories get dismantled. https://www.youtube.com/watch?v=YJrhBwGw7Ac for more information.
a year? It’s down 37.5% in five days !
Depends. Do you like that company? Then no.
I dislike the company, so Yay, Bonus!
It is excellent evidence that the founders and VCs chose exactly the right time to unload their scheme and rip off a naive public.