This post tightly fits what I want to see in this community. Anti-corporate sentiment and “good news” for non corporate entities.
This post tightly fits what I want to see in this community. Anti-corporate sentiment and “good news” for non corporate entities.
When buying Bitcoin during one of its pump and dumps is more predictable and profitable that your IPO. I don’t mean this as a positive for Bitcoin but as a way to showcase how bad of an investment Reddit was to begin with.
Makes perfect sense! Thanks for contributing.
Someone recently mentioned that IPOs nowadays are just a scam. I tend to believe them. Just the banks and the buddies filling up their pockets. I‘m sad that stuff doesnt work like in the movie the wolf of wallstreet. Just get them on collusion and jail em.
I do think that IPOs initially did what they say: gather money and allow a company to start up properly. Over the past 20 years, though, the system has been completely gamified and now it’s just a way for people to legally pump and dump, with only a few companies actually making something useful among all the mess.
I completely agree. Thats how I view it as well.
Elizabeth Holmes and SBF are surely good examples of this.
They’re both new to me. Feel free to link a source so everyone can read up. :)
My dear chap, please enjoy the following:
https://en.wikipedia.org/wiki/Elizabeth_Holmes#Downfall
https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Bankruptcy_of_FTX
Both are now in extended jail terms for being horrible, entitled people who thought they deserved all the things.
Well, this was a fun read! I knew of these two just barely. Now I understand what you mean. Real sweethearts they are! A cold shower runs down my neck.
The Wolf of Wallstreet was based on a true story so stuff does work like that. It also took 10 years before he was indicted.
That I didnt know. But honestly, jordan belford looks like thw good guy in comparison to todays megacorps. He at least went nuts with the money and didnt pretend to save the world.
Comparing a pump and dump to literally the best performing asset of all time maybe doesn’t make the strongest point about how weak the other is…
Wait, do you really believe that BitCoin isn’t just going to crash down one day and lose trillions around the world? It’s a bubble, it WILL collapse but we don’t know when.