• yesman@lemmy.world
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    4 months ago

    To me, all this stonks nonsense is just investors with a new scam trying to supplant the investors running the old scam.

    Anyway it’s a good thing in that it exposes the grade-school explanation that the “stock market is a meritocracy where the best businesses/ products rise to the top” as total bullshit.

    An alien looking at the stock market would assume that Tesla makes the best cars; MacDonald’s the best food; and Microsoft the best software.