this post was submitted on 28 Feb 2024
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Technology

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[–] butterflyattack@lemmy.world 27 points 2 years ago (1 children)

Yeah, this IPO will probably go just fine and a bunch of wankers will make a bunch of money. That's what it's all about, after all.

[–] WallEx@feddit.de 10 points 2 years ago (1 children)

And where does that money come from?

Honest question, I hate finances.

[–] Yrt@feddit.de 10 points 2 years ago* (last edited 2 years ago) (1 children)

Mostly from small people either tricked into buying the "new bitcoin/Nvidia/apple/... before it's to late or dumb people hyped by other dumb people into buying it. And if enough small people invested and the stock rises the big player collect the profit.

[–] WallEx@feddit.de 2 points 2 years ago (1 children)

Yeah that was my expectation ... Thanks for the explanation

[–] lando55@lemmy.world 1 points 2 years ago (1 children)

Wait for dat citation... before accepting that rationalization

[–] veni_vedi_veni@lemmy.world 1 points 2 years ago

Yea, no I don't have time for anything besides confirmation bias