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# Rant It all started with Tesla. Everyone thought Tesla was a load of BS. But post 2018 the sentiment became Tesla will keep growing until the last short inve
by anyfactor 5y ago
# Rant
It all started with Tesla. Everyone thought Tesla was a load of BS. But post 2018 the sentiment became Tesla will keep growing until the last short investor held their breath.
Tesla showed that classical economic value means squat when ultimately market sentiment determines the price of an asset. I with hundred of people created bots to track the CEO twitter feed to determine a stock price. And it worked to some extent. Head down to dogecoin subreddit, and you will see everyone there is praying and hoping a car manufacturing company CEO shitpost about their coin which might trigger another spike. And this time they will sell for sure. If you are in your 30s you would remember Facebook games like Barn Buddy or Farmvile. The fucked up thing is that now you have similar games where you harvest NFT game characters which are supposedly worth thousands and millions of dollar equivalent money.
I sat through the GME senate hearing and politician interviews. Even a US senate member acknowledged that what makes Tesla's valuation fair but Gamestop's valuation unfair? Based on the accounting numbers they are exactly the same thing. GME has its own meme leader a, a guy who sold his dog toys business to amazon for a billion dollar. I remember people talking up patent, innovation and charismatic leadership of Tesla. I see the same passion in GME people when they talk about GME and some they were NFT deals.
Rant over.