• 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?