The observation that $tiny.v is a bad company that has massively diluted equity holders, possesses crippling debt, and is experiencing shrinking earnings …
Appears to be an antimeme. The information — despite being 100% public — just doesn’t seem to spread! 🤪
Cedric Chinx.comThe observation that $tiny.v is a bad company that has massively diluted equity holders, possesses crippling debt, and is experiencing shrinking earnings … Appears to be an antimeme. The information — despite being 100% public — just doesn’t seem to spread! 🤪
These meme “investors” are competitive, with Forbes having published a ranking of the community’s “top investors.” There are even in-depth guides to help usher in novice meme traders.
Harry Jones • The Meme Economy
Memes took lottery culture to new heights. Stocks popular among a retail audience, like Apple, have historically traded at higher multiples than others in their category. Tesla accelerated the divergence between retail excitement and fundamentals: TSLA revenue grew 50% over the past two years, but meme culture helped its market cap grow by 12x.
John Luttig • Finance as culture
“If you can’t figure out how to measure it,” recalled one executive there, “you just pretend it doesn’t exist.”
Mark Bergen • Like, Comment, Subscribe
How it’s going: Now, in the most extreme instances, GME and AMC for example, stocks are gambling tokens or crowd attention barometers and have almost no relationship to the underlying company or business. Valuation is totally irrelevant to the bull thesis and overvaluation attracts shorts that fuel further rallies. Discount rate matters but not muc... See more