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by tailspin2019 1987 days ago
This is a great idea.

One of my friends who just jumped ship to Signal this week said in his first Signal message to me that he wished he’d “bought some shares” in Signal when I first told him about it...

The first challenge is getting people to join the platform.

The second challenge is educating them on how it’s actually funded... (ie NOT by pimping out your personal data for shareholder benefit).

1 comments

Stock with ticker SIGL surged 6000% on Jan 11 - investors thought it's the Signal Messenger. Same like the wrong Zoom company.
"Its market value surged from about $US55 million to over $US6 billion [...]" Pretty bonkers: https://www.abc.net.au/news/2021-01-16/signal-telegram-faceb...
Really undercuts the argument for the efficient market, at least in the short term!
I feel the entire history of capitalism undercuts that argument!
What's even more wild is that the executives/directors didn't sell any of their stock on the massive increase.
Quite likely they aren't allowed to sell whenever they want, they may be subject to an open trading window, or a fixed sell-down plan over the year.