• fine_sandy_bottom@lemmy.federate.cc
    link
    fedilink
    arrow-up
    0
    ·
    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.

    • Zaktor@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 month ago

      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.