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Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it's got pretty good upward consistency.
Posts like this are like the sad ex who can't move on and just makes up bullshit about their former partner. Let's move on and make Lemmy better instead of being stuck making up fake news for internet points.
Sir, this is a ~~Wendy's~~ shit posting community
This feels like straight up agenda posting. Posting it to a shitposting sub doesn't make it any different.
I do this all the time in my reports to execs. If they're not paying attention to something I've been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they're obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.
Facebook stock had a notoriously horrible IPO. I bought at open and had friends laughing at me when it went to $18ish. I doubled my position.
Finally sold most of those shares at $475.
I agree with the sentiment but it certainly has not been a clear upward trajectory. 
They already pumped it and dumped, you're seeing the after effect now.
God, please don't turn Lemmy into "haha reddit stock goes down" literally any time their stock fluctuates.
A similar thing happened with one of my favourite podcasts: Tech Won't Save Us. They just started crowing about what a craven loser Elon Musk was at every opportunity. And it really sucked all the life out of the podcast for me. Like it used to be super interesting, well researched, broad, hopeful; and suddenly it seemed to only be about dunking on billionaires.
Which, deserved. But I don't want to hear about Musk's stupid machinations while I'm doing food prep. I want to hear about something cool, like collective action in India.
Maybe I'm in the minority though. Or maybe it's gotten better by now. Idk
They probably noticed a huge bump in numbers in the episodes where they shit on Elon. There's a weird dynamic where toxic shit partially maintains it's popularity because content that focuses on debunking it gets eaten up. So 'sane' creators have to decide between creating interesting things or repeatedly dunking on some toxic shit that it grows their platform.
Truth Social should be next
I ponder who the fuck is buying truth social. That is the puzzling part to me.
Very wealthy people who want to transfer money to Trump outside of legal channels in exchange for favors political favors.
Anyway
Get back to us in 6 months and we'll see how it's going. I have low expectations. Somehow capitalism always finds a way to propagate itself, no matter how little sense it makes.
Is this anti-Reddit? It’s still up like almost 20% since the IPO?
line go down
Now change the view to anything but 1 day. Line go up. So what?
It peaked at like 78, but now it’s been been on a downward trend
There’s always a spike.
So it went straight up for a week and had a 1 day correction but is still way up over the past 72 hours. What am I missing here?
Reddit bad, line going down is good. Don't over think it.
Liquidation is the easiest means of generating profit. Investors are just looking for the quickest exit scam. Thats a lot of people waiting to pullout.
I just don’t like the stock
Edit: this is not investment advice
I hate the stock.
This is investment advice.
I hate spez
This is an opinion
OP: *post on c\shitposting *
Nerds: actually, the valuation from the IPO have being up 20%, and you can't evaluate an stock from its movements on a couple of hours.
*Agenda posts*
"This is misleading"
"Hehe nice try but I posted it to shitpost subreddit so you shouldn't say anything about that"
I don't think it works like that lol
You're only looking at one day, not since the IPO dropped.
That's a bad shitpost
Extremely volatile, as anyone expected. Since they started the IPO at $34 things aren't going bad at all so far.
Give it a year, and we'll see what the company's actually worth.
Gonads and strife
(plz keep giving me reasons to use this it brings me joy)
...And nothing of value was lost.
Great penny stock next week
🎵It all returns to nothing.
It all comes tumbling down tumbling down tumbling down🎵
Eat shit and sink. Stupid fuckers.
Can the kids in the stocks subreddits do a reverse GameStop on this?
Would just be hilarious if this thing went to zero in the first month.
Now, do yesterday!
What a misleading post, it's up a lot apparently.