this post was submitted on 13 Jul 2026
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Floptimus Prime (lemmy.ml)
submitted 1 week ago by cm0002@libretechni.ca to c/whitepeopletwitter@sh.itjust.works
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[–] deegeese@sopuli.xyz 58 points 1 week ago (2 children)

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

[–] 0x0@lemmy.dbzer0.com 6 points 1 week ago (1 children)

Surely there is a dump step following the pump?

Or is it pump, borrow, repeat?

[–] deegeese@sopuli.xyz 15 points 1 week ago (1 children)

Borrowing against shares is the dump.

[–] anomnom@sh.itjust.works 1 points 1 week ago (1 children)

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

[–] oyo@lemmy.zip 1 points 1 week 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 1 points 1 week ago

And then tax loss harvesting when it drops.