Laughing Stock

Fooling you for profit

This week in Laughing Stock, we look at PolicyBazaar, influencer culture, L&T, and 2008 market collapse

Fooling you for profit

dhanak हिंदी में भी पढ़ें read-in-hindi

I came across another interesting weekly influencer scam. Is it a scam? I'm not sure, but it kind of is. Many of the famous influencers, so famous that they would have appeared in your Twitter or Instagram feed at least once, promoted some kind of startup convention. The buying pass was around Rs 8,000 and many promises, such as big marquee speakers, guests, refreshments, and many more were made.

Result? Well, you would have guessed it by now. None of them were true. Leave out the speakers and guests, even food and water weren't there! Why are we saying this now? To tell you how many influencers do little to no research on what they are endorsing. Also, we did not have anything major to write for an intro. Let's get on to what you're here for - memes.

After a long time, PSU banks were getting some kind of limelight and SVB said "not this time". The struggle continues.

You gotta feel sad, you know. They are two of the best cement companies in the country and are now being played like a toddler. Why do this? Doesn't just destroy market value, but business too.

We can either say "old is gold" or maybe, they just do stupid things in a way which people can't really say that its stupid.

We aren't accusing L&T of bribing or anything, but just the sheer size of the company itself attracts government contracts. Whenever you see some kind of capex plan from the government, you know that L&T is getting a portion of that. That's a huge W in my book.

It's like a prophecy or something. Every influencer comes across some irresistible promotional thing and whether they succumb to it or not is what decides their plot. This is like Lord of the Rings for social media.

Should we call it the good old days? Probably not, I think. I came across a quote that humans never learn from history and boy oh boy, the market always stands as an example for that.

This is legit guys. I didn't know what to make memes on so I just went to the screener to see the best and worst performing stocks and honestly, that was my reaction too when I saw PB Fintech there. How on earth did they even do that? That too silently.


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