this post was submitted on 06 Aug 2023
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[โ€“] [email protected] 10 points 1 year ago* (last edited 1 year ago) (1 children)

My workplace stock price plunged 80% when the earnings report was lower than previous year. Not loosing money, but earned slightly less than previous year.

A company that makes hundreds of millions in revenue, every single year for decades, had a single year where the revenue decresead ever so slightly, not even close of going into red numbers.

Stock market is the most irrational thing

[โ€“] [email protected] 3 points 1 year ago

The best thing is when companies make less more profit than the year before and headlines read like they lost money when the profits still went up just not enough up.