robocall@lemmy.world to News@lemmy.world · 1 month agoTrump Media stock has plunged 33% in a monthqz.comexternal-linkmessage-square25fedilinkarrow-up110arrow-down10file-text
arrow-up110arrow-down1external-linkTrump Media stock has plunged 33% in a monthqz.comrobocall@lemmy.world to News@lemmy.world · 1 month agomessage-square25fedilinkfile-text
minus-squarefine_sandy_bottom@lemmy.federate.cclinkfedilinkarrow-up0·1 month ago What’s so valuable about it? Nothing. It’s a very unusual situation. It’s basically a proxy for a bet on whether Trump will get a second term. That’s why it took a dump after the debate didn’t go well. Supporters want to say they have some TMTG shares, and are happy to pay absurd prices for shares without reference to the actual value.
minus-squareZaktor@sopuli.xyzlinkfedilinkEnglisharrow-up1·1 month agoAnd outside the cult, it’s a bet that Truth Social would become a vector for bribing the president of the United States. If people are going to bribe Trump by pumping his share price, you can get a cut.
Nothing.
It’s a very unusual situation.
It’s basically a proxy for a bet on whether Trump will get a second term. That’s why it took a dump after the debate didn’t go well.
Supporters want to say they have some TMTG shares, and are happy to pay absurd prices for shares without reference to the actual value.
And outside the cult, it’s a bet that Truth Social would become a vector for bribing the president of the United States. If people are going to bribe Trump by pumping his share price, you can get a cut.