I've been thinking that for over a year now and it's infuriating still seeing it rise based on purely on speculation. I want to see line go down, fast. Then again it'll just get a government bailout and continue this hell-cycle again.
To be fair, stock markets and values are pretty much entirely detached from reality by now, bc the fed is printing money en masse and buying corporate bonds, keeping them from failing and enables those ludicrous gains. Debt has become a commodity, that can be sold directly now to get funding.
https://www.youtube.com/watch?v=jYrgFU-P63g
Look at this shit, Tesla stock has doubled since November 2020.
It's price even increased ten-fold since last march. wtf?
what the fuck has the company even done since then other than make a stupid cybertruck?
deleted by creator
yeah but any single company sells 5x more cars than they do
their stock price is like 100x inflated
deleted by creator
probably benefitted a fuckton from the most recent stimulus bills is what they did
Probably received a bunch of money from ghouls thinking “... hmmm probably gonna need one of those cybertrucks one day.”
god i can't wait for it to collapse
I've been thinking that for over a year now and it's infuriating still seeing it rise based on purely on speculation. I want to see line go down, fast. Then again it'll just get a government bailout and continue this hell-cycle again.
deleted by creator
I know there was a post the other day. It is not exactly this but basically the same I believe.
deleted by creator
can you explain this to someone who doesn't know what a market cap is?
deleted by creator
I see, thanks for the explanation
Capitalism at the end of the world... all in on technological apartheid. The cyber truck et al are designed for the apocalypse.
To be fair, stock markets and values are pretty much entirely detached from reality by now, bc the fed is printing money en masse and buying corporate bonds, keeping them from failing and enables those ludicrous gains. Debt has become a commodity, that can be sold directly now to get funding. https://www.youtube.com/watch?v=jYrgFU-P63g
Literally how? What is this bullshit?