Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it's got pretty good upward consistency.

Posts like this are like the sad ex who can't move on and just makes up bullshit about their former partner. Let's move on and make Lemmy better instead of being stuck making up fake news for internet points.

Sir, this is a ~~Wendy's~~ shit posting community
- This feels like straight up agenda posting. Posting it to a shitposting sub doesn't make it any different.
- People really seem to think this community has only serious bones in its ruling body
I do this all the time in my reports to execs. If they're not paying attention to something I've been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they're obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.
Facebook stock had a notoriously horrible IPO. I bought at open and had friends laughing at me when it went to $18ish. I doubled my position.
Finally sold most of those shares at $475.
I agree with the sentiment but it certainly has not been a clear upward trajectory.
- Yea now it's going through fluctuations. When this post went up it was at the peak of the 26th. Either way, we gotta wait this out before jerking ourselves off about a stock crash.

They already pumped it and dumped, you're seeing the after effect now.

God, please don't turn Lemmy into "haha reddit stock goes down" literally any time their stock fluctuates.

A similar thing happened with one of my favourite podcasts: Tech Won't Save Us. They just started crowing about what a craven loser Elon Musk was at every opportunity. And it really sucked all the life out of the podcast for me. Like it used to be super interesting, well researched, broad, hopeful; and suddenly it seemed to only be about dunking on billionaires.
Which, deserved. But I don't want to hear about Musk's stupid machinations while I'm doing food prep. I want to hear about something cool, like collective action in India.
Maybe I'm in the minority though. Or maybe it's gotten better by now. Idk
- They probably noticed a huge bump in numbers in the episodes where they shit on Elon. There's a weird dynamic where toxic shit partially maintains it's popularity because content that focuses on debunking it gets eaten up. So 'sane' creators have to decide between creating interesting things or repeatedly dunking on some toxic shit that it grows their platform.
- It's kinda how I feel about any shitty person that gets clowned on. At some point it's just like "yeah, we all know this person is a POS, what else is new".
- Right, if all you talk about is the shit Elon is doing, you're really no better than a fanboy of his.
I think they've just had the IPO, that's why we see it. But I wouldn't worry in the long term unless something major happens, but that applies to any major social media.

Truth Social should be next

I ponder who the fuck is buying truth social. That is the puzzling part to me.
- Very wealthy people who want to transfer money to Trump outside of legal channels in exchange for favors political favors.
- Dumbass Republicans with their dad's oil inheritance

Anyway

Get back to us in 6 months and we'll see how it's going. I have low expectations. Somehow capitalism always finds a way to propagate itself, no matter how little sense it makes.

Is this anti-Reddit? It’s still up like almost 20% since the IPO?

line go down
- Now change the view to anything but 1 day. Line go up. So what?
- I just don’t like the stock
  Edit: this is not investment advice

OP: post on c\shitposting

Nerds: actually, the valuation from the IPO have being up 20%, and you can't evaluate an stock from its movements on a couple of hours.

Agenda posts*
"This is misleading"
"Hehe nice try but I posted it to shitpost subreddit so you shouldn't say anything about that"
I don't think it works like that lol
- Agenda post? My friend, Is the rich people emotional support line. Isn't real.