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There's a strange cohort of "meme" stocks that I see in certain male-dominant internet subcultures. Tesla and AMD seems to be at the top of that list.

by tempsy 7y ago

tristor 7y ago
Can you expand on what you mean by this? I don't understand. Are you saying people pick these stocks because of cultural reasons and they're actually not good investments? Are you saying that male-dominated internet subcultures have a cultural reason to pick these stocks, specifically?
- KaoruAoiShiho 7y ago
  Probably the second one leading to a bias causing the first one. Some tech/geek communities really like those 2 stocks. There are other male communities as well that are into other stocks. Even in tech the culture leads to some stocks becoming overvalued and others undervalued. AMD is overvalued while FB is undervalued because of the cultural feelings toward those companies.
  - WrtCdEvrydy 7y ago
    > FB is undervalued Yes, I too thought myspace stock was undervalued.
  - jsf01 7y ago
    AMD is worth ~40B today. FB is worth ~550B today. AMD supplies a product in growing demand while FB supplies access to demographics in growing demand. But the downside risks are not the same. It only took FB’s viral growth to end MySpace. User loyalty is far more fleeting than the market for CPUs. Within five years or your preferred investment time horizon, compare the valuations of each firm and see how your assessment stood the test of time.
    - mantap 7y ago
      Facebook has a plan A and a plan B for dealing with competition. Plan A is to buy out competitors to acquire users and diversify their brand (Instagram, Whatsapp). Plan B is to use FB's overwhelming resource advantage to copy their product (Snapchat). It's fair to say that FB is well aware of what happened to MySpace. Any potential "Facebook killer" needs to circumvent both of these tactics. Not impossible but not easy either.
      - webninja 7y ago
        Facebook’s Lasso doesn’t seem to be killing TikTok
        adventured 7y ago
        Zuckerberg went to Washington in September & October and took care of that. While he was busy with several other topics, you can be sure he leaned on the right members of Congress about TikTok. The US has a very strong interest in every possible regard to protect Facebook's dominance and to kill or restrain TikTok by forcing it apart from Bytedance or burying it through the app stores. If it gets separated from Bytedance it's either toast or it ends up in the belly of a US giant (or maybe even Spotify depending on the valuation).
        riffraff 7y ago
        Even if the us Congress somehow blocks tiktok, FB appears to be losing a lot of ground to it in the rest of the planet.
      - fireattack 7y ago
        Not very familiar with this, what's FB's copy of Snapchat?
        nsomaru 7y ago
        Facebook copies features into WhatsApp and Instagram like “stories” which are posts that disappear and cannot be saved, a core feature of Snapchat
- tempsy 7y ago
  It's just a weird mix of both stocks being techy/geeky, extremely volatile (though generally speaking on the upward trend), Elon Musk adding to Tesla's weirdness, and strange infatuation with AMD's CEO Lisa Su. Tesla especially attracts a certain weirdness because there's a large cohort of people who think Elon is full of it and hiding massive fraud and are hellbent on exposing him (using $TSLAQ everywhere). If you follow earnings season both stocks did extremely well, especially Tesla. Made and broke a lot of people.
  - akvadrako 7y ago
    Tesla hasn’t been on an upward trend for two years. AMD hasn’t for about one year. Neither have reached their highs of the past few years.
inamberclad 7y ago
They're easy to predict if you keep an eye on them. For example, their announcements at CES earlier this year caused a 20% jump in about 3 days. Very good if you know that they're going to come out swinging.
- ivalm 7y ago
  Sure, but the earnings was flat. My point is, statements of predictability are generally way oversold. If it was easy to predict it wouldn't be.
fred_is_fred 7y ago
And what's interesting is that AMD was a tech bro darling before memes were a thing, it dates back to the late 90s and early 2000s.
deleted 7y ago
[deleted]
longcommonname 7y ago
Younger invesres and not just men are migrating from traditional blue chip stocks that their parents prefered.
- Symmetry 7y ago
  Index funds and bonds are there for stability. If I'm going to pick an individual stock it's because I think I understand something other people in the market don't.

There's a strange cohort of "meme" stocks that I see in certain male-dominant internet subcultures. Tesla and AMD seems to be at the top of that list.

by tempsy 7y ago

There's a strange cohort of "meme" stocks that I see in certain male-dominant internet subcultures. Tesla and AMD seems to be at the top of that list.

tristor 7y ago

Can you expand on what you mean by this? I don't understand. Are you saying people pick these stocks because of cultural reasons and they're actually not good investments? Are you saying that male-dominated internet subcultures have a cultural reason to pick these stocks, specifically?

KaoruAoiShiho 7y ago
Probably the second one leading to a bias causing the first one. Some tech/geek communities really like those 2 stocks. There are other male communities as well that are into other stocks. Even in tech the culture leads to some stocks becoming overvalued and others undervalued. AMD is overvalued while FB is undervalued because of the cultural feelings toward those companies.
- WrtCdEvrydy 7y ago
  > FB is undervalued Yes, I too thought myspace stock was undervalued.
- jsf01 7y ago
  AMD is worth ~40B today. FB is worth ~550B today. AMD supplies a product in growing demand while FB supplies access to demographics in growing demand. But the downside risks are not the same. It only took FB’s viral growth to end MySpace. User loyalty is far more fleeting than the market for CPUs. Within five years or your preferred investment time horizon, compare the valuations of each firm and see how your assessment stood the test of time.
  - mantap 7y ago
    Facebook has a plan A and a plan B for dealing with competition. Plan A is to buy out competitors to acquire users and diversify their brand (Instagram, Whatsapp). Plan B is to use FB's overwhelming resource advantage to copy their product (Snapchat). It's fair to say that FB is well aware of what happened to MySpace. Any potential "Facebook killer" needs to circumvent both of these tactics. Not impossible but not easy either.
    - webninja 7y ago
      Facebook’s Lasso doesn’t seem to be killing TikTok
      - adventured 7y ago
        Zuckerberg went to Washington in September & October and took care of that. While he was busy with several other topics, you can be sure he leaned on the right members of Congress about TikTok. The US has a very strong interest in every possible regard to protect Facebook's dominance and to kill or restrain TikTok by forcing it apart from Bytedance or burying it through the app stores. If it gets separated from Bytedance it's either toast or it ends up in the belly of a US giant (or maybe even Spotify depending on the valuation).
        riffraff 7y ago
        Even if the us Congress somehow blocks tiktok, FB appears to be losing a lot of ground to it in the rest of the planet.
    - fireattack 7y ago
      Not very familiar with this, what's FB's copy of Snapchat?
      - nsomaru 7y ago
        Facebook copies features into WhatsApp and Instagram like “stories” which are posts that disappear and cannot be saved, a core feature of Snapchat
tempsy 7y ago
It's just a weird mix of both stocks being techy/geeky, extremely volatile (though generally speaking on the upward trend), Elon Musk adding to Tesla's weirdness, and strange infatuation with AMD's CEO Lisa Su. Tesla especially attracts a certain weirdness because there's a large cohort of people who think Elon is full of it and hiding massive fraud and are hellbent on exposing him (using $TSLAQ everywhere). If you follow earnings season both stocks did extremely well, especially Tesla. Made and broke a lot of people.
- akvadrako 7y ago
  Tesla hasn’t been on an upward trend for two years. AMD hasn’t for about one year. Neither have reached their highs of the past few years.

inamberclad 7y ago

They're easy to predict if you keep an eye on them. For example, their announcements at CES earlier this year caused a 20% jump in about 3 days. Very good if you know that they're going to come out swinging.

ivalm 7y ago
Sure, but the earnings was flat. My point is, statements of predictability are generally way oversold. If it was easy to predict it wouldn't be.

fred_is_fred 7y ago

And what's interesting is that AMD was a tech bro darling before memes were a thing, it dates back to the late 90s and early 2000s.

deleted 7y ago

[deleted]

longcommonname 7y ago

Younger invesres and not just men are migrating from traditional blue chip stocks that their parents prefered.

Symmetry 7y ago
Index funds and bonds are there for stability. If I'm going to pick an individual stock it's because I think I understand something other people in the market don't.