A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
Biggest pump and dump scheme yet... Now come the gov bailout to keep the company afloat while dismantling NASA further
I was looking at this a while back, and I don't think insiders can sell for a while yet, but I think this really has been a gift to short sellers.
In the end, I didn't end up buying into the IPO because it seemed overpriced, and while I do like the idea of some of the business (Starlink) I don't understand why it's got to come with a fucking social network of all things.
I don't think we should accept those people's money anymore - what are these billions, trillions, gazillions, schmoozillions even supposed to be. I'm happy to trade in sea shells or your kiddo's drawings with you instead if you have an honest face!
New racism based trade economy?
New?
New new! Its newer than the old new!
It’s like one of those filenames: final_final_draft_new_new_final_final_review_final_new_report.odt
_2
😄 exactly. Totally forgot about sprinkling in a few numbers.
Correction: Lost a trillion in speculative value. There's a difference
its just absolutely crazy to buy shares in a company where special super shares where made to make sure anyone buying shares could never own or control the company.
Not really. I've never been to a shareholder meeting and never will. I buy stocks to turn a profit from dividends and appreciation not to get a chance to micromanage the company.
fair enough but if shareholders don't control the company then there might be to much of a need for the owners salary for dividends. which is why you don't buy that crap.
Extremely funny to think that stocks primarily have value and that people buy stocks for the shareholder votes.
Their value is in ownership which includes say in how its run. I mean stocks have been nuts for a while P/E and P/B and D/E and D/A are things of the past.
I'm not gonna care about this unless it gets bad enough to get musk to kill himself.
He got what he wanted: going down as the world's first trillionaire.
Ah fuck, I knew I shoulda shorted it...
Don't be sad, I shorted it but didn't put waaaay enough money into that endeavour to make me rich.
I mean this market didn't just stay irrational for five years past due, it's still wildly irrational.
I really liked SpaceX as a rocket company, why did all that AI BS had to be attached to it??
Because it was the only way for the Nazi Elon Musk to effectively launder money and glaze over his repeated failures in a way which still preserves his wealth.
I made 29% within a week shorting SpaceX already, should I hodl or sell my position at some point? Do we think it'll ever recover?
If it's like Tesla stock, it will behave completely irrationally. Though, I guess most of the stock market is irrational now.
Now? The whole thing has always been based on human feelings, that's the point. I think you mean it is more volatile now? Or maybe it changes more radically?
We're talking about a business led by the richest person in the world who has already made it entirely clear he can buy his way to anything he desires. 30% is a tidy sum, I'd lock it in and call it a day.
It will not, not permanently.
HAHAHAHAHAHAHAHA🤣🤣🤣🤣
So how much damage did it do to our retirement funds?
Ha Ha 👉
Lockups start expiring next month. They've still only floated less than 5% of the company! Buckle up buttercup.