SpaceX shares crashed below the $135 IPO price, wiping out $1 trillion since June. A scrubbed Starship launch and upcoming investor lockups triggered the selloff.
Because people have a well known loss aversion bias while negative news and drama sells more news.
That, and the mainstream media is more infotainment now fighting for attention and clicks making truth an expensive luxury. It doesn’t help that the rich and powerful bought large parts of the media so they’re under a lot of pressure to not say certain things.
Because people have a well known loss aversion bias while negative news and drama sells more news.
That, and the mainstream media is more infotainment now fighting for attention and clicks making truth an expensive luxury. It doesn’t help that the rich and powerful bought large parts of the media so they’re under a lot of pressure to not say certain things.
Yeah I know but logically it’s a bit silly. It’s just stupid. :)
We’re living in a time where Onion articles become normal news in an embarrassingly short time. Logic escaped the madhouse some time ago.