With all the manipulations and insider trading as of late I’m not sure the market can dictate anything anymore. It seems to me it is being kept artificially high for the time being, as it should be much, much lower. So, yeah, everything is broken and judging worth or value from a nebulous, ancient stock market is a fool’s errand. The latest grift is getting most of the normal citizenry to play the markets on their websites. Sounds very unserious and lottery like.
And a shit ton of rubes are about to invest in a company with minuscule profits but a 2 trillion dollar valuation, more than the entire gdp for the US. A shit ton of people are gonna lose their asses before the price drops to something more realistic, and by then the wealth transfer to musk will already have happened.
That’s the plan, but hilariously the majority of the first wave of SA immigrants moved back because they said the US was too expensive and too crime ridden. They also didn’t like the grind culture and lack of third spaces. Like yeah, welcome to hell, assholes, hope you enjoyed your stay. Now git!
With all the manipulations and insider trading as of late I’m not sure the market can dictate anything anymore. It seems to me it is being kept artificially high for the time being, as it should be much, much lower. So, yeah, everything is broken and judging worth or value from a nebulous, ancient stock market is a fool’s errand. The latest grift is getting most of the normal citizenry to play the markets on their websites. Sounds very unserious and lottery like.
And a shit ton of rubes are about to invest in a company with minuscule profits but a 2 trillion dollar valuation, more than the entire gdp for the US. A shit ton of people are gonna lose their asses before the price drops to something more realistic, and by then the wealth transfer to musk will already have happened.
Hmm…also by then enough white south africans will have immigrated to the good old usa and the Muskvasion will be complete.
That’s the plan, but hilariously the majority of the first wave of SA immigrants moved back because they said the US was too expensive and too crime ridden. They also didn’t like the grind culture and lack of third spaces. Like yeah, welcome to hell, assholes, hope you enjoyed your stay. Now git!