3 ms·
It's been a meme stock with a very high percentage of individual investors all along. At first that was a brilliant way to get cheap capital. Also, cults are ch
by Zigurd 2y ago
It's been a meme stock with a very high percentage of individual investors all along. At first that was a brilliant way to get cheap capital. Also, cults are cheaper to build than conventional brand-building. It may have been the only way to build a real high-ish volume car maker.
It just looks like a scam now because unwinding a meme stock cult frequently looks like like the end of an apocalyptic cult.