robocall@lemmy.world to News@lemmy.world · 3 months agoTrump Media stock has plunged 33% in a monthqz.comexternal-linkmessage-square25fedilinkarrow-up111arrow-down10file-text
arrow-up111arrow-down1external-linkTrump Media stock has plunged 33% in a monthqz.comrobocall@lemmy.world to News@lemmy.world · 3 months agomessage-square25fedilinkfile-text
minus-squarefine_sandy_bottom@lemmy.federate.cclinkfedilinkarrow-up0·3 months 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-up1·3 months 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.