P̴i̸x̶e̶l̶l̸e̴3̸D̵.̸e̵x̴e̶@lemmy.dbzer0.com to People Twitter@sh.itjust.worksEnglish · 1 year agoThe Metaverse made $470.lemmy.dbzer0.comimagemessage-square106fedilinkarrow-up1481arrow-down120file-text
arrow-up1461arrow-down1imageThe Metaverse made $470.lemmy.dbzer0.comP̴i̸x̶e̶l̶l̸e̴3̸D̵.̸e̵x̴e̶@lemmy.dbzer0.com to People Twitter@sh.itjust.worksEnglish · 1 year agomessage-square106fedilinkfile-text
minus-squareJustEnoughDucks@feddit.nllinkfedilinkarrow-up11arrow-down1·1 year agoThis, my friends, is why the speculative stock market and company valuations is complete and utter bullshit. It literally has 0 basis in reality. It has only to do with how good at marketing the company and its exec board is to shareholders and hedge funds.
minus-squareddh@lemmy.sdf.orglinkfedilinkEnglisharrow-up2arrow-down1·1 year agoStocks prices are forward looking. If you can see the future more clearly than others, you can make a fortune. They thought the metaverse was the future. They were hilariously wrong.
This, my friends, is why the speculative stock market and company valuations is complete and utter bullshit.
It literally has 0 basis in reality. It has only to do with how good at marketing the company and its exec board is to shareholders and hedge funds.
Stocks prices are forward looking. If you can see the future more clearly than others, you can make a fortune. They thought the metaverse was the future. They were hilariously wrong.