• Phoenixz@lemmy.ca
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    20 hours ago

    If an unprofitable company wants to go public with nothing to offer but empty promises , ehy shouldn’t they?

    Because its fraudulent and in the end its always the people that have less that will end up suffering the consequences?

    • dhork@lemmy.world
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      19 hours ago

      But that’s the thing, it’s not fraudulent to run a business that loses money. And these folks are committing no fraud, they are entirely honest in their filings that show they are burning through money with no hope of actual profit.

      Yet, people keep buying. It’s like they care less about the underlying business, and more about catching a profit before it all falls apart.

      They don’t need to be fraudulent, if they can get just as much investment by being honest.

      • willington@lemmy.dbzer0.com
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        11 hours ago

        Yet, people keep buying. It’s like they care less about the underlying business, and more about catching a profit before it all falls apart.

        Acquiring profit is what capitalism is all about.

      • criticon@lemmy.ca
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        19 hours ago

        The “people” buying are retirement accounts that actual people can’t control

        • shalafi@lemmy.world
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          16 hours ago

          Most of us can’t control line-item investments, but we can move that money around. I’d bet the “super duper low risk” categories don’t hold much or any AI stock at the moment. Anyone know?

      • willington@lemmy.dbzer0.com
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        11 hours ago

        why should a government care about those with nothing to offer it?

        What are you offering me to care for your comment?