<story><title>Hertz, the original meme stock, is turning out to be worthless</title><url>https://www.bloomberg.com/news/articles/2021-03-02/hertz-the-original-meme-stock-is-turning-out-to-be-worthless</url></story><parent_chain><item><author>Judgmentality</author><text>At the end of the day, people are betting on what they believe (or throwing away their money for the lulz).&lt;p&gt;I genuinely, no bullshit, think TSLA is more irrational than GME, and has been for years.  I put my money where my mouth is and I&amp;#x27;m up 5x in 2 weeks.  I know it won&amp;#x27;t last, but hey TSLA is crashing too.  Nothing lasts forever.</text></item><item><author>tacheiordache</author><text>GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don&amp;#x27;t belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it&amp;#x27;d be silly to not take a piece of the pie yourself and keep your savings in cash...</text></item><item><author>VHRanger</author><text>Obviously?&lt;p&gt;The company was bankrupt.&lt;p&gt;People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.</text></item></parent_chain><comment><author>camjohnson26</author><text>All this retail interest in meme stocks is gambling, plain and simple. More people entering the market creates a Ponzi effect where new entrants pay for the gains of holders, but by definition this is unsustainable. You can see this basically everywhere in the economy but the meme stocks are the most obvious.&lt;p&gt;Not financial advice, I thought Tesla was laughably over valued at $40 a share, never bet more than you’re willing to lose.</text></comment>
<story><title>Hertz, the original meme stock, is turning out to be worthless</title><url>https://www.bloomberg.com/news/articles/2021-03-02/hertz-the-original-meme-stock-is-turning-out-to-be-worthless</url></story><parent_chain><item><author>Judgmentality</author><text>At the end of the day, people are betting on what they believe (or throwing away their money for the lulz).&lt;p&gt;I genuinely, no bullshit, think TSLA is more irrational than GME, and has been for years.  I put my money where my mouth is and I&amp;#x27;m up 5x in 2 weeks.  I know it won&amp;#x27;t last, but hey TSLA is crashing too.  Nothing lasts forever.</text></item><item><author>tacheiordache</author><text>GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don&amp;#x27;t belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it&amp;#x27;d be silly to not take a piece of the pie yourself and keep your savings in cash...</text></item><item><author>VHRanger</author><text>Obviously?&lt;p&gt;The company was bankrupt.&lt;p&gt;People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.</text></item></parent_chain><comment><author>elif</author><text>TSLA is crashing because TSLA is not worth more than the rest of the top 10 manufacturers combined, as their market cap would suggest.&lt;p&gt;Other notable differences include actively building the largest and most advanced factories on every major continent, disrupting the entire automobile industry such that even jaguar is going full electric by 2025, mainstreaming self-driving, and cutting the costs of residential solar in half.&lt;p&gt;Meanwhile, gamestop is trying to make a profit out of a portfolio of dusty commercial real estate.</text></comment>