alt Hacker NewsEver since SNAP the whole IPO show has been a transparent scam to game the index funds.
The market simply doesn’t have enough people actively investing because it rewards mass stupidity over generating meaningful returns.
Ever since SNAP the whole IPO show has been a transparent scam to game the index funds.
The market simply doesn’t have enough people actively investing because it rewards mass stupidity over generating meaningful returns.
Based on the list of businesses at the top, the stock market seems like it rewards profit margin and profits, by businesses that sell meaningful products and services.
https://companiesmarketcap.com
Can you provide an example of any of the businesses on that are on that list due to "mass stupidity"? They all seem to operate factories, employ many highly qualified people, and make a material difference in many or even most people's lives around the world.
Meanwhile, SNAP has returned -14.98% per year to its shareholders since it IPO'd (Jun 3 2017), and at an $8.27B market cap, it makes up a negligible portion of any broad market index fund, so not sure how SNAP's shareholders have been rewarded by mass stupidity, especially given that the founders still own half of the business. They would have been far better off liquidating their shares and investing in SP500.
https://dqydj.com/stock-return-calculator/?ticker=SNAP