42
Comments (7)
sorted by:
4
GOPkilledTHEMSELVES 4 points ago +4 / -0

That makes sense actually. The people managing these funds hate America more than they care about the people’s money they manage.

1
PresidentPussyGraber 1 point ago +1 / -0

Religious investors yes but I doubt there was more than one really stupid pension fund manager that said something to the effect. There is no way multiple managers of anything commerce would actually think that more censorship of Twitter would result in larger long term yields. A handful of ideologs got the dumbest member of the group to mention something to brass

2
Rudyard 2 points ago +2 / -0

Over the last year, Facebook is up 10% and Twitter is up about 30%.

Most investors are not day traders.

1
jealousminarchist 1 point ago +1 / -0

That's because companies are buying back their stocks. The economy is not getting better, it is getting worse. The upward trend is not a reflex of increased productivity or value, just monetary policy.

The rise in stocks this year is only offsetting the depreciation of money. Compare that to the non-state money of BTC, 400% up in 2020, if we say half of that is speculation it still leave us 200% gain versus the dollar -- so setting BTC as the fixed point, we're looking at devaluation of >50% for the dollar and an increase in company stock of around 30%. They are worth less now, not more.

1
Rudyard 1 point ago +1 / -0

No argument, but that also militates against his notion that the purge is an important event in the life of these companies.

1
Benwa1985 [S] 1 point ago +1 / -0

True. Although over the past year include the lows from covid shit and the latest drop has a legit catylist so not exactly just a day trade swing.

2
Rudyard 2 points ago +2 / -0

The point being that Twitter was going to lose their single most popular “show” when Trump left office, no avoiding that for them, so investors were looking to see how Dorsey handled that. He apparently handled it to some of their satisfaction, but not all. It’s. Bump, not a catastrophe.