Reddittors vs Wall Street

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Bird on a Fire
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Re: Reddittors vs Wall Street

Post by Bird on a Fire » Sat May 14, 2022 5:36 pm

basementer wrote:
Sat May 14, 2022 4:52 pm
Bird on a Fire wrote:
Sat May 14, 2022 9:17 am
No, they were trying to kill it with aggressive short positions and media publications.

Buying shares stopped the company going bankrupt, which would probably have resulted in job losses.
Let me check: do you know that when shares in a company are bought and sold on the open market, the company itself doesn't receive any of the money that changes hands?
Yes, I'm aware there's not a direct link between stock price and a company's fortunes. (I never gave it much thought, but lpm explained well upthread.)

Nevertheless, from the little I've seen (and even less I've probably understood) the change in stock price, and reprieve from imminent insolvency, has allowed GameStop to change its fortunes somewhat. At least, those things seem to have co-occurred, though the importance of what redditors did is perhaps overstated according to the SEC report summarised in the Bloomberg article I posted.
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Grumble
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Re: Reddittors vs Wall Street

Post by Grumble » Sat May 14, 2022 11:19 pm

I’m not a Tesla cheerleader, but you need to realise that unlike other car makers Tesla is also in energy in a big way, so dividing their stock value by the number of cars they sell isn’t really fair. How much of the company value is in cars vs other ventures I’m not sure.
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noggins
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Re: Reddittors vs Wall Street

Post by noggins » Sun May 15, 2022 1:58 pm

Image

Teslas stock price is f.cking b.llsh.t

Holylol
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Re: Reddittors vs Wall Street

Post by Holylol » Sun May 15, 2022 2:16 pm


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jimbob
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Re: Reddittors vs Wall Street

Post by jimbob » Sun May 15, 2022 3:04 pm

noggins wrote:
Sun May 15, 2022 1:58 pm
Image

Teslas stock price is f.cking b.llsh.t
It has more than doubled its revenues in two years
Have you considered stupidity as an explanation

noggins
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Re: Reddittors vs Wall Street

Post by noggins » Sun May 15, 2022 7:28 pm

Whoopie f.cking do

So only say 5 more years of doubling revenue every year and the current value will be justified.

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