- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
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Ha Gottem
That’s what you get for gambling.
I have no fucking idea of investing and knew it would go down quick, even the news said it since the company has no earnings, how the heck did they not? What were they thinking?
Awww. Poor fuckwits bought into a nazi-run company.
I’m sorry they didn’t lose more.
But aren’t some of these guys fund managers with our retirement money?
All the analysts at the beginning were shouting that the IPO was overvalued.
Making outrageous promises and failing to deliver is Elon Musk’s brand.
If you have money to invest, and you lost it in SpaceX without doing your due research, I have no sympathy for you.
(I have no money to invest. I was just following SpaceX and Musk’s dubious trillionaire status. He’s still, way, way too rich.)
Investors really are just a bunch of toddlers with no memory, no critical thinking skills, and no real skills at all, actually.
If you lost money investing in Musk, I not only have no sympathy but I’m actually going to laugh at you for as long as I have air in my lungs. This, in between my sadness for the lost mkney that could have been used productively to help people.
someone lost a monkey? we’ve gotta find that monkey
I believed in you and lost
Story of Elon’s life.
Yup. Thats your mistake right there.
This GIF never gets old.
Funny how every dip was supposed to be a once in a lifetime buying opportunity until people actually bought near the top. SpaceX is still an incredible company, but incredible companies can still be overpriced. Reality eventually sends the invoice, even when the CEO is treated like a prophet.
SpaceX was an incredible company… Until Musk rolled in other failing companies into it.
There’s no focus on space anymore, it’s an LLM company with a rocket hobby on the side.
And on top of that, it’s still saddled with XTwitter’s debts.
i saw someone buy SPAcex stocks on wsb, and they lost alot, they were comparing it to the IBM guy that lost alot , but i heard he bounced back and then some.
Just a note: the same people who predicted this would happen are the same predicting the AI bubble bursting.
that’s me!
well, it is the same prediction. SpaceX IPOed as an AI company mostly
As ridiculous as that sounds, it is true
Isn’t both happening now?
Love it. Hope Tesla’s next and his house of cards collapses as all the debt leveraged on his Tesla shares comes calling.
Man do I have news for you
spacex has to cannabalize, tesla, twitter, and XAI to keep it from collapsing.
i needed it without the caption, so here y’all are
What else would you expect trying to make a company that barely makes anything command a trillion dollar evaluation.
nachos?
The stock market is gambling.
“SpaceX gamblers in meltdown over not having a winning bet.”
Yeah, they WISH it were like gambling…but it is fraud, insider trading and stock manipulation.
I gotta disagree that the stock market is inherently gambling. If an investor does their due diligence, looks at the fundamentals of a company, and makes an informed decision to invest, they are very likely to see some sort of return on that investment.
Unfortunately, we’re deep into “vibe investing” territory now, where stats like P/E ratios no longer seem to matter to either institutional investors or many casual investors. Where people are dumping their money is now disconnected from where it’s wise to dump money
Its because they make money buying whatever goes up, instead of holding selected companies for a long time.
Think about it. You could have made 150% by holding micron for three months. Big tech companies take five years to make that much. So that’s why these investors have to jump on the bandwagon no matter what the fundamentals are.
They also sell as soon as it starts to show weakness, which is why micron dropped 30% in like 3 days.
So, not unlike sport gambling. You study the teams, their forces and weaknesses, their history, and make the informed decision to gamble. It’s still gambling.
I think it comes down to
- on paper it isn’t gambling
- in practice it has become gambling
ETFs are generally better, especially if you don’t touch them for a long time.
Giving your money to an unregulated Wall Street organization is never “Better.”
