- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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That means the peak is here. The insider of all insiders sold? Dump everything!
Imagine if he waits for people to panic and sell off and then buys back into the market.
In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.
I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.
The word is regulatory capture, and the game is upwards wealth transfer.
I imagine this should count as illegal stock market manipulation, but the government would be too in on the scam to prosecute it.
FTFY
The MAGA government will get in on it. Trump will probably make some kind of ridiculous statement to kick off the plunge, so they can all profit on the slide, and rebuy at the bottom, and recycle the bubble.
This is the government’s favourite sport. What do you think all the tariff announcements and later withdrawals are doing?
The government did it itself just way bigger.
They’d probably encourage it
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Who cares tho. Anyone who sells now still made massive gains. Only gamblers think about “potential gains”.
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was gonna say. they guy whos company is to to have all the information. mmmmmm.
Yep.
I read this and actually said aloud “Oh Dear God.”
I mean, I’m a poor, I don’t have… a pension, investments, I’ll be lucky if my net worth ever exceeds the FDIC guaranteed $250k…
But uh yeah, yeah, if you have any uh, exposure to the stock market… uh, good luck!
Have fun realizing you were actually just barely less poor than me, this whole time.
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Isn’t this an interesting property of market economies?
Software and silicon chip manufacturing has literally nothing to do with food production and yet a ‘disaster’ (I.E. going back to the status quo as of a few years ago) in that industry will affect your ability to eat. Nothing has happened to the farmers or their fields, or to the logistics system that moves food from one place to another, and yet somehow things suddenly can’t find their way from where they are produced to where they are needed.
Remember, this is supposed to be the most efficient way to allocate resources.
eyup. I mean considering it was more about not having housing before and now its about not having food we can see where things are going.
They’ll wave it off as him deciding Elon is the antichrist he’s been moaning about
i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone
My bet is that he’s trying to start a panic in the markets. That way he can clean up on a short.
I would say I am fairly sure its some kind of afinancial crime to uh, short a company you have a material position in…
But we live in ‘interesting times’, so… who knows!
… Maybe he had an ‘interesting chat’ recently, with Michael Burry.
That would be ‘funny’.
I think it’s cute you believe that we live in a world where financial crimes are actually prosecuted.
I remember Enron being prosecuted, we did at one point at least kind of pretend to give a shit.
But uh… yeah…
Wouldn’t that be below somebody like Thiel? I mean, he is a professional and this seems a bit too much “amateurish”…
He believes that there is a bibilical antichrist alive right now, and he can stop it but also shouldn’t. He’s disconnected from reality so severely, he lives in a completely different world. The fact that he’s rich is not a testament of his professional capabilities, but to the fact that in current capitalist environment, the only prerequisite for being rich is to be lucky and have zero morals
This comment is a joke, right? How do you think these people became so wealthy in the first place?
I don’t say it would MORALLY below him, quiet the contrary, but more from a skill level. Acting so obviously would be just amateurish.
Acting so obviously would be just amateurish.
Please stop thinking of these people as massively brained smart people, instead of just being rich and lucky. These guys are just in it to make the number go up, don’t think they have any floor to how low these fuckers would sink
You are assuming he’s doing it himself, instead of on advise if his financial advisors
It would indeed indicate some kind of corrupt insider trading knowledge
Wouldn’t that be below somebody like Thiel?
He asks about the anti christ
Is this sarcasm or do you really believe it?
Oh, it will. Bad for everyone human.
It will end badly for us.
The best case, I think, is for Nvidia and Tesla to do well in the short term (next 6 months or so) and then crash. That way Thiel and most people following his investment advice get to eat it, but the bubble doesn’t stay propped up for too long.
This goes back to September.
Don’t make actions today based on something someone did months ago. Look at the situation now.
Nvidia is still being given piles of money. Everybody knows it’s gonna blow eventually… but if there’s a dip today it will rise again until a real crash once buyers stop paying.
DRAM going to the moon right now over demand is not a good sign of nvidia losing steam any time soon.
To shreds you say?
And how’s his wife?
To shreds you say?
Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked
Honestly, if someone is goi g to pick shit at random, I rather have AI do it for 5 bucks a month than abnaker for 200k a year.
If you’re going for chaos based investing, just buy a goldfish
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when you see the rats running from the end of the ship that’s settling a little lower in the water… that water ain’t outside the hull anymore.
I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.
When we are in the middle of a tech bubble and one of the richest and most connected men on earth decides to cash out, then that is not “stonks crap”, but relevant tech news. Some companies stock price rising by 2% is not news, but this? Yes.
Unfortunately, these stocks being high are directly related to so much of the tech world being complete shit right now.
You see that is exactly the problem I have with these posts. You don‘t actually know if the trading portfolio of a mega evil asshole actually has any impact on the technology world. Stocks are just gambling and he could make the wrong move here. Like 90% of high traffic posts in r/technology was just random billionaires trading stocks at some point. It was utterly pointless.
While true, I gotta suspect that Peter Thiel, specifically, gets to peek under the hood before he makes his bets to a degree that most of us can only imagine.
Or he simply got cold feet because Nvidia‘s stocks didn‘t implode yet as far as I‘m aware. The truth is this is pure speculation just like the entire slop ma- excuse me, stock market. There are better communities for tinfoil hatters and rocket monkeys.
This is the American version of Kremlinology: just like then all manner of non-political actions of members of the Soviet elites were studied to try to predict the direction of the Soviet Union, now all manner of non-political actions of members of the American elites are studied to try to predict the direction of the United States.
The reason for that kind of thing is that in systems were almost all of the real thinking, motivations and even politically revelevant actions of the elites controlling those nations are hidden or disguised, the only way to try and deduce what’s going on is to look at those things which by need or because they’re deemed to unimportant aren’t hidden or disguised.
Peter Tiel’s bulk stock sales and purchases are one of such non-political data points that might be important in predicting the short- and mid-term future of the US, at least Economically, which in turn has Political implications and more broadly for the future of American and Americans.
Sadly what American elites do in the Stockmarkets tells us a lot more about were they see the country going to than what they say, which itself already tells us way more than what Politicians say.
I think your post just really proves my point because nothing you said is really about the topic of this community anymore. There are better places on the Fediverse specifically designed for politics or economics. As a rule of thumb, if a headline is about stonks, it shouldn‘t be posted because the comments will only derail further away from the technology topic.
The underlying story is the AI bubble that we all know will end badly. They are shoving lying and hallucinating AI on our devices and into our employment without consent. It’s going to come down, its a matter of when, not if.
AI bubble that we all know will end badly.
7 to 11X bigger than sub prime crash in 2008. NGL: watching Real Estate agents eating in soup kitchens was not a tragedy.
Well if we gonna make a post every time some rich fucker sells tech stonks now it will quickly evolve into spam. I mean, we already know AI is overblown and we don‘t need to take a single glance at someone‘s portfolio to know that because this is a technology community and we‘re informed about what big tech keeps promising and underdelivering for 3 years straight.
I want to see it, lemmys got a bigger problem with individuals trying to control what everyone else sees, you have many options like blocking the poster
It’s a lot better than the practise of posting basically every news story because it tangentially involves a computer.
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Peter Thiel sells his Tesla stake
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Telsa price goes up
Lolz. Lmao even.
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The next year before the Midterms is going to be a wild circus.
The next year before the Midterms is going to be a wild circus.
The criminal attacks on the entire democratic process will be at a new peak.
Buy toilet paper.
“You mean toilet paper stocks right?”
Did I stutter?I got a bidet.
I also got a bidet, but then I went one further and got small towels to wipe up the water.
Pack of 50 cheap washcloths isn’t that much more than a pack of nice toilet paper, but they can go through the wash in a sanitary cycle with bleach and I can reuse them until they fall apart. Then I just need toilet paper for visitors.
It sounds kinda ick, I know, but consider that we wash underpants, and what’s the difference?
Valid. I still use TP, but far, far less. I’ll bet I can make a 6 pack last a whole year.
I definitely can’t.
I substantially reduced tp use, but female anatomy makes that level of frugality nearly impossible, at least without uncomfortably damp undies, in my experience. 😅
Best I managed before the swap was one 24 pack for a year. Still very good, but room for improvement :)
Yeah, that’s an advantage for men, for sure.
Everybody remain F***ING calm!
Sooooo that gives us how long, exactly, until we dive nose first into a huge world wide recession?
Remove the rich
Nobody should be allowed to be a billionaire, put max caps on netwoths. Anything over 10-20 million should go 100% to tax
We don’t let individuals own nuclear weapons. We shouldn’t allow individuals to wield financial weapons.
Idk how this doesn’t make more sense to people. Eradicate Billionares worldwide, not just one country. Nobody should starve when Robotics are doing all of the work.
I don’t know much about these things, but since there’s zero actual value in all this tech bullshit, does it even fucking matter if they crash and burn?
Peter Thiel and Donald j Trump are both best friends with Jeffrey r Epstein and child rapists.
