Flying Squid@lemmy.world to News@lemmy.world · 2 months agoTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comexternal-linkmessage-square78fedilinkarrow-up1602arrow-down18file-text
arrow-up1594arrow-down1external-linkTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comFlying Squid@lemmy.world to News@lemmy.world · 2 months agomessage-square78fedilinkfile-text
Unfortunately, Trump will still likely come out much richer than he was before. It’s still nice to see.
minus-squareYewb@lemmy.worldlinkfedilinkarrow-up16·2 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-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.
minus-squareImADifferentBird@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up19·2 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.
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.
Pump and dump. Makes perfect sense.
+1
Never attribute to malice that which is adequately explained by wanting to make money.
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.