Re:Slavoj Žižek: What the wallstreetbets story tells us
by commandlinefan on Monday February 01, 2021 @04:05PM
(#25993940)
So in your analogy, it's up to the farmer to set the price for the potatoes. In this case, was it Gamestop who was setting the price? Or rather, the shareholders themselves... that is, the people who were buying the stock in the first place?
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Re:Slavoj Žižek: What the wallstreetbets story tells us
by DiabloD3 on Monday February 01, 2021 @04:43PM
(#25994401)
In his analogy, the potato is only worth what is worth what people are willing to pay for it, and the farmer will obviously sell to the highest price first.
This is how stocks worth: its only worth as much as what someone is willing to pay for it (shorting not included).
Re:Slavoj Žižek: What the wallstreetbets story tells us
by doublejay1999 on Monday February 01, 2021 @06:23PM
(#25995523)
Simplistically, yes. At IPO when potatoes are very first introduced to market, he decides what he thinks they are worth. The market will quickly decide the 'real' price.
Whether his first asking price is £2.00 £12.00 the market will quickly decide the level. If potato's are the hype root vegetable, many buyers will appear, but if carrots are in fashion, the price of potato's must fall until in order to attract buyers