• Brosplosion@lemmy.zip
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    3 months ago

    It’s cause it’s now in almost every single fund / pension as a pseudo blue chip. No one wants to see it drop so it doesn’t. The company doesn’t actually have that value/assets.

    • surewhynotlem@lemmy.world
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      3 months ago

      It’s exactly this. The stock market is just vibes. Vibes that are (sometimes loosely) influenced by data and events.