3 ms·
>mainstream people will see through the facade at some point do you read reddit? lots of people see through the facade now. the only people excited are shills
by dingnuts 2y ago
>mainstream people will see through the facade at some point
do you read reddit? lots of people see through the facade now. the only people excited are shills
- s1artibartfast 2y agoMy experience Reddit sentiment is inversely correlated with reality, and far too cynical. It's pretty simple to go into threads about breaking events several years later and see them loaded with confidently incorrect statements dominating the discourse. One of my favorite examples was the $34 IPO stock offer to moderators and redditors, which was almost universally bashed (currently trading over 170). https://www.reddit.com/r/investing/comments/1b0n2eo/reddit_is_offering_redditors_the_chance_to/ https://www.reddit.com/r/investing/comments/1b0n2eo/reddit_i...
- nytesky 2y agoStocks are somewhat irrational these days. Reddit just turned a profit after nearly 20 years in business. Its whole use maybe upended by AI and bots, so even if its profitable now hard to know if it will continue. I don’t know what drives it. I think part of it is that zero commission stock trades have many more small players making trades and stocks are priced on the margin.