Comment on Reddit stock falls for second day as references to its content in ChatGPT responses plummet
NuXCOM_90Percent@lemmy.zip 3 weeks agoStock value go up.
I assume the reddit stock doesn’t pay dividends based on profits. But if you bought for 10 dollars and now it is 500 dollars? You can sell some of that stuck to people hoping it will go up to 1000 dollars for a solid profit. And so forth.
BakerBagel@midwest.social 3 weeks ago
I understand how stocks work. Reddit stock is just a legitimizes greater fool scam as no one will ever get a dividend or see any return in their investment short of managing to sell the stock for more than they bought it. Reddit is absolutely worthless in an strictly economic sense. It’s value is soley in societial and political ways
NuXCOM_90Percent@lemmy.zip 3 weeks ago
So… it is a stock that doesn’t pay dividends? Like… that is what stocks are.
BakerBagel@midwest.social 3 weeks ago
Which will only actually ever benefit anyone that owns massive amounts of the stock. Reddit has few tangible assets other than their data, which is of questionable value at best. It’s basically like owning stock in a piblic library
NuXCOM_90Percent@lemmy.zip 3 weeks ago
Homie? I assume you are just looking to hear “reddit bad” and… it is.
But if you are actually attempting to discuss things in good faith? You are just describing stocks and you should REALLY educate yourself on the subject if you ever intend to invest beyond retirement and mutual funds… which most people shouldn’t in the first place but that is an even bigger tangent.