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cm0002@libretechni.ca to People Twitter@sh.itjust.worksEnglish · 2 months ago

Floptimus Prime

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Floptimus Prime

lemmy.ml

cm0002@libretechni.ca to People Twitter@sh.itjust.worksEnglish · 2 months ago
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  • deegeese@sopuli.xyz
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    2 months ago

    You missed the critical middle step of pumping up market valuation so you can borrow against the hype.

    • T. Hex@lemmy.dbzer0.com
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      2 months ago

      Surely there is a dump step following the pump?

      Or is it pump, borrow, repeat?

      • deegeese@sopuli.xyz
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        2 months ago

        Borrowing against shares is the dump.

        • anomnom@sh.itjust.works
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          2 months ago

          Have the lenders realized they’re never getting their money back or did the ipo cover it on paper?

          • oyo@lemmy.zip
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            2 months ago

            He buys the previous failed business with the current pump to hide the losses. It’s shells stacked in a pyramid.

    • anon_8675309@lemmy.world
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      2 months ago

      deleted by creator

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