Flying Squid@lemmy.world to News@lemmy.world · 2 months agoTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comexternal-linkmessage-square74fedilinkarrow-up1584file-text
arrow-up1584external-linkTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comFlying Squid@lemmy.world to News@lemmy.world · 2 months agomessage-square74fedilinkfile-text
Unfortunately, Trump will still likely come out much richer than he was before. It’s still nice to see.
minus-squareRegrettable_incident@lemmy.worldlinkfedilinkarrow-up24·2 months agoMy guess, the stock price was propped up by dodgy foreign donors. And he’s looking less and less like a worthwhile investment.
minus-squareYewb@lemmy.worldlinkfedilinkarrow-up14·2 months agoLess and less? They had revenue of 3 million with loss of like 30 million. With a 3 billion dollar market cap it makes no sense.
minus-squareImADifferentBirdlinkfedilinkEnglisharrow-up15·2 months agoOh, they weren’t investing for a direct monetary return, I’m sure. Anyone with eyes could see Truth Social is a dumpster fire. No, they were looking for political returns, and those are looking more and more risky.
minus-squareTire@lemmy.mllinkfedilinkarrow-up2·2 months agoThey basically bought Trump bucks. They only have value if he wins.
minus-squarebillwashere@lemmy.worldlinkfedilinkEnglisharrow-up2·2 months agoPump and dump. Makes perfect sense.
minus-squarebrucethemoose@lemmy.worldlinkfedilinkarrow-up1·2 months ago+1 Never attribute to malice that which is adequately explained by wanting to make money.
My guess, the stock price was propped up by dodgy foreign donors. And he’s looking less and less like a worthwhile investment.
Less and less? They had revenue of 3 million with loss of like 30 million. With a 3 billion dollar market cap it makes no sense.
Oh, they weren’t investing for a direct monetary return, I’m sure. Anyone with eyes could see Truth Social is a dumpster fire.
No, they were looking for political returns, and those are looking more and more risky.
They basically bought Trump bucks. They only have value if he wins.
Pump and dump. Makes perfect sense.
+1
Never attribute to malice that which is adequately explained by wanting to make money.