• Ghostalmedia@lemmy.world
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    10 months ago

    Dumb people are going to see headlines about “AI” and “the first social media IPO in a long time,” and they’re going fork over money. Also speculators are going to buy after they speculate that other speculators are going to buy speculatively.

    • butterflyattack@lemmy.world
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      10 months ago

      Yeah, this IPO will probably go just fine and a bunch of wankers will make a bunch of money. That’s what it’s all about, after all.

      • WallEx@feddit.de
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        10 months ago

        And where does that money come from?

        Honest question, I hate finances.

        • Yrt@feddit.de
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          10 months ago

          Mostly from small people either tricked into buying the "new bitcoin/Nvidia/apple/… before it’s to late or dumb people hyped by other dumb people into buying it. And if enough small people invested and the stock rises the big player collect the profit.