Former President Donald Trump threatened the NASDAQ on Friday after the stock exchange briefly halted trading on Trump Media & Technology Group, which owns Truth Social.
It’s a social media company with very few active users which loses piles of money and takes in a pittance in return. It is worth less than nothing. If he holds it when it goes to zero than he loses all possible profit. Of course he’s going to sell.
Oh for sure. It’s effectively been a proxy for election betting since it’s inception. Investors know if he wins it’s a vehicle for people to buy his favour by adding demand pressure. As long as Trump thinks he might win, he has to keep his position.
It’s hilarious. They were literally propping up the value of his company by preventing a price implosion.
It makes me wonder if his orders got cancelled.
I’m all for dunking on Trump, but you (or anyone here) should read the article.
It didn’t trigger because the price was tanking. It triggered because it was going up too fast.
It was on news of Trump saying he wasn’t going to sell.
It’s a social media company with very few active users which loses piles of money and takes in a pittance in return. It is worth less than nothing. If he holds it when it goes to zero than he loses all possible profit. Of course he’s going to sell.
It’s literally just a Mastodon instance that isn’t federated.
Oh for sure. It’s effectively been a proxy for election betting since it’s inception. Investors know if he wins it’s a vehicle for people to buy his favour by adding demand pressure. As long as Trump thinks he might win, he has to keep his position.
This is a basic misunderstanding of reality. It’s shitty and useless even for him. If he wins he wont need it.
Can the rubes really be that dumb, or was it all just foreign bribe money looking for an excuse to buy in?
Yes.