get rekt.
Man, the things that influence stock prices these days can get pretty fucking stupid
Always have been. Stock market is basically a bunch of panicky and drugged rich guys who follow in droves whatever the hype is.
Have you ever seen a group of 5-year-olds trying to seat themselves in a circle? They cannot do it. One of them will change seats to sit with their friend, which invariably causes a cascade until all the kids sit bunched at one side. Then the complaining about not having enough space and the elbow shoving starts.
That’s the stock market.
Up 330% from their IPO, so this is likely just a correction if anything meaningful at all.
I did not understand why Facebook stock took off and I don’t understand why this one did either.
Considering it’s priced at like 110x it’s earnings, I’d say mostly speculation on potential/future advertising revenue?
