Commune
🚙
@BlitztheDragon
From the start of Trump Media and Truth Social going public, people knew the stock was massively overvalued
From the start of Trump Media and Truth Social going public, people knew the stock was massively overvalued
You didn’t need a detailed look at the company’s internal documents to know that, you just needed to look at the site itself. It has a fraction of a fraction of the number of users that sites like Facebook and Twitter has and yet its individual shares traded higher than Elon’s takeover of Twitter shares(imperfect example but it shouldn’t be anywhere close regardless)
The only reason why the stock launched as high as it did was due to the acquisition company that purchased it belonging to Trump Loyalists(and they may have wanted a better deal anyways but the acquisition company had some sort of a deadline I think to buy something)
There was a initial spike for like, a day after launch(could just be a combination of loyalists buying in hard along with people who wanted to pump and dump) but it’s taken a nose dive ever since
@Background Pony #7A74
I’ll say it merits this kind of shaming when you literally refuse to admit you were wrong about the fucking Holocaust, one of the most well documented genocides in human history
I’ll say it merits this kind of shaming when you literally refuse to admit you were wrong about the fucking Holocaust, one of the most well documented genocides in human history