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Humane is looking for a buyer after the AI Pin’s underwhelming debut
(www.theverge.com)
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this post was submitted on 22 May 2024
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It's called exit capitalism. They hope to create enough hype so they can sell off their share to the next idiot for a higher price.
Uh-huh. And how is that supposed to work?
As I described above. The endgame is to either IPO and sell off the shares to the dumb public, or find someone who's willing to buy out the company because they hold a patent or have some interesting people on board.
That doesn't explain why the "dumb public" are buying these shares.
It does. Hype.
People and smaller investors are told that this company is the next big thing, so they buy it at high prices.
Even as a dumb investor you can extract a lot of money via pump and dump. Just got to get in/out at the right times.
Spread that out over several portfolios, and you can get rich without ever contributing a single thing to your community!
Yes but in order to do that you have to have another "dumb investor" lined up and convinced that the stock is going to continue to appreciate.
Yep, which is why you've got to sell while folks think it's still pumping time. Then everyone in the know dumps and it's better luck next time to the bag holders.
If you aren't in the know, well, hope you're lucky.