this post was submitted on 12 Mar 2025
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A European Starlink rival’s shares skyrocketed 390% in a week — here’s why (www.cnbc.com)
submitted 10 hours ago by Sunshine@lemmy.ca to c/technology@lemmy.world
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[–] Opinionhaver@feddit.uk 3 points 7 hours ago (1 children)

I didn't read the article but I'd bet the "why" is because it's been on the news and people think it's an easy way to make a quick buck. However, these people are amateurs - when it's in the news you're already too late.

[–] mosiacmango@lemm.ee 1 points 5 hours ago* (last edited 13 minutes ago)

Not if you bought in at 100% or 200% or 300% when it was also in the news. You will still have made tons and tons of money.

The real positive for the company and maybe the world is if they issue some new stock now and get a nice war chest of cash so they can expand their network rapidly. That will hurt the investors above, but hopefully they take gains now when it's fruitful or in the farther future when the company dramatically increases its market share.