This GIF never gets old.
i needed it without the caption, so here y’all areAnd more pixemamels!
Love it. Hope Tesla’s next and his house of cards collapses as all the debt leveraged on his Tesla shares comes calling.
Man do I have news for you
spacex has to cannabalize, tesla, twitter, and XAI to keep it from collapsing.
Musk = POS Nazi.
The stock market is gambling.
“SpaceX gamblers in meltdown over not having a winning bet.”
Yeah, they WISH it were like gambling…but it is fraud, insider trading and stock manipulation.
I believed in you and lost
Story of Elon’s life.
Yup. Thats your mistake right there.
Oh no, it’s the obvious and inevitable outcome that literally everyone saw coming. Who could have know this would happen??!1?
How did this not smell like a pump and dump to everyone?
Because too many people gamble (sorry “invest”) based on vibes and memes these days rather than fundamentals of the business and maintaining a properly diversified stock portfolio with a realistic time horizon.
They don’t understand the concept of a pump and dump, and only see the people bragging about their quick wins rather than the majority that lose.
I smelled the pump, I smelled the dump, but nobody takes investing advice from me.
I think the assumption was that the shortened window to list it in the NASDAQ 100 in 15 days meant that it would be bouyed by 401k money. I don’t think early investors planned to be able to pump and dump so effectively that US retirement savings as a whole weren’t enough to keep it up.
Participating in and profiting from a pump and dump scheme is the new American dream.
Awww. Poor fuckwits bought into a nazi-run company.
I’m sorry they didn’t lose more.
But aren’t some of these guys fund managers with our retirement money?
What is this “retirement” you speak of.
That’s the thing where you quietly disappear into the woods one last time, right? Or is my retirement plan too expensive these days?
Yeah that’s what I was thinking too… I’m scared to check my 401k.
Yes. Read also in this thread from a few days ago: https://feddit.org/comment/14018894
“I gambled on a thing now I’m having a meltdown that it didn’t go my way!”
I dunno why yall are celebrating this.
Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
I pulled my retirement funds from the market over a year ago when the market was clearly detatching from reality. They are in a cash account earning modest interest for now.
I don’t let fools in a stupor play with my money.
I did the same but paid off debt and bought a house. Still ain’t sure whether I chose wisely.
Yeah, I mean you’re preaching to the choir here.
I’m in individual stocks (that I think are sane) or assets everywhere I can be.
We requested not to include any of his stock, I hope that’s enough :(
It’s still going to be reflected in certain indexes, and market shifts in general, unfortunately.
So, the point is moot anyway.
because anger at this may, in some hopeful universe, inspire some change. luigi style change or otherwise.
The stock market has always been a mushroom farm. Keep them cool and in the dark, then chop them down.
Jokes on you, I nor any of the people I know, have a retirement fund lmao. This will overwhelmingly hit boomers and upper middle class yuppies in corporate jobs, and tbh fuck em both. If you work for a corporation and chose to be a stooge, you’re also part of the problem.
This whole comment screams projection to me. Having a retirement fund is fairly normal, even if you aren’t making the most money in the world.
no. it’d not normal. there is an entire cohort of non-working class without retirement, and working class folks with one half a paycheck from disaster.
Both of these states are normal in our society unfortunately
for sure. from a statistical standpoint i would reckon “no retirement” out numbers “a retirement” sadly.
I think you are missing the fact that our pensions are going to be shit or not exist entirely. A retirement fund has to be much larger to cover what Boomers and earlier did because they had good pensions.
Since this snuck into a bunch of folks index funds a whole lot of people just paid Elon musk.
It was a get rich quick scheme, just for them not you
What… did they think was gonna happen??? It was a huuuuge pump and dump wealth transfer. It was so fucking obvious
They are going to be really mad because it’s still 2x to 4x what it’s actually worth, it’s gonna drop hard.
