schizoidman@lemmy.ml to Technology@lemmy.mlEnglish · 3 months agoHumane is looking for a buyer after the AI Pin’s underwhelming debutwww.theverge.comexternal-linkmessage-square33fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkHumane is looking for a buyer after the AI Pin’s underwhelming debutwww.theverge.comschizoidman@lemmy.ml to Technology@lemmy.mlEnglish · 3 months agomessage-square33fedilink
minus-squarehelenslunch@feddit.nllinkfedilinkarrow-up0·3 months agoUh-huh. And how is that supposed to work?
minus-squareAggressivelyPassive@feddit.delinkfedilinkarrow-up0·3 months agoAs I described above. The endgame is to either IPO and sell off the shares to the dumb public, or find someone who’s willing to buy out the company because they hold a patent or have some interesting people on board.
minus-squarehelenslunch@feddit.nllinkfedilinkarrow-up0·3 months agoThat doesn’t explain why the “dumb public” are buying these shares.
minus-squareAggressivelyPassive@feddit.delinkfedilinkarrow-up0·3 months agoIt does. Hype. People and smaller investors are told that this company is the next big thing, so they buy it at high prices.
minus-squaregrrgyle@slrpnk.netlinkfedilinkarrow-up0·3 months agoEven as a dumb investor you can extract a lot of money via pump and dump. Just got to get in/out at the right times. Spread that out over several portfolios, and you can get rich without ever contributing a single thing to your community!
minus-squarehelenslunch@feddit.nllinkfedilinkarrow-up0·3 months agoYes but in order to do that you have to have another “dumb investor” lined up and convinced that the stock is going to continue to appreciate.
Uh-huh. And how is that supposed to work?
As I described above. The endgame is to either IPO and sell off the shares to the dumb public, or find someone who’s willing to buy out the company because they hold a patent or have some interesting people on board.
That doesn’t explain why the “dumb public” are buying these shares.
It does. Hype.
People and smaller investors are told that this company is the next big thing, so they buy it at high prices.
Even as a dumb investor you can extract a lot of money via pump and dump. Just got to get in/out at the right times.
Spread that out over several portfolios, and you can get rich without ever contributing a single thing to your community!
Yes but in order to do that you have to have another “dumb investor” lined up and convinced that the stock is going to continue to appreciate.