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SpaceX stock drops to a new low and loses $1 trillion in value in a month (www.businessinsider.com)
submitted 1 month ago by to c/technology@lemmy.world
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[–] 13 points 1 month ago (2 children)

New low is going to become a common phrase for space x. Boldly going where no stock has gone before.

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  • [–] 0 points 1 month ago (1 child)

    I assure you, many stocks have gone much much lower. It's called "penny stocks". They're exactly what they sound like. They're mostly used as pump and dump schemes. Company is worth $0.01 per stock? Buy $10,000 dollars worth. Then, when it eventually becomes worth $0.02, you sell, and make an easy $10,000. Repeat every few days.

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