Not The Onion

12358 readers

244 users here now

Welcome

We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!

The Rules

Posts must be:

Links to news stories from...
...credible sources, with...
...their original headlines, that...
...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”

Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.

And that’s basically it!

founded 1 year ago

MODERATORS

kescusay@lemmy.world

339

Lyft CEO says ‘My bad’ after earnings typo sends stock up 60% (www.theguardian.com)

submitted 9 months ago by einat2346@lemmy.today to c/nottheonion@lemmy.world

24 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] bradorsomething@ttrpg.network 11 points 9 months ago

The market is only real because people believe in it. Unless you plan to be on the board of a company, the stock is worth exactly the expected dividend, which most stocks no longer pay. There is no intrinsic value to a stock… people will pay you a spot price today only because of the expectation they will sell at a higher price later. Without that belief, there is no value.