this post was submitted on 15 Apr 2026
99 points (95.4% liked)
Technology
83963 readers
4384 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It doesn’t take much to boost the price of a stock by 400% if the stock is already practically worthless.
$3 to $17. That's a reasonably big jump.
But they IPO'd in 2021 around $400 and dropped to $100 in about four months and have been decaying since. From that perspective it's only a small bump.
It's insane they were valued that high to begin with.
It's not the per-share, it's the market cap.
Touché, but I counter with much being converting a shoe company to a consumer based AI sales company.
As in: well that's a bit much.
I guess bullshit is easier to make than shoes.
Easier to sell too. Investors are dumb, they'd prefer a pretty lie than an uncomfortable truth. Give them the pretty lie and they'll throw money at you.
It converted to a company that sells buzzwords to investors as far as I can tell.