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Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss (www.cbsnews.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 7 months ago (1 children)

I mean, the more solid plan is to back the president that cut taxes for the rich, as opposed to a president whose promised to increase taxes for the rich.

So I don’t think a straight value proposition analysis applies to entities whose assets under management exceed the GDP of most countries and who are already deeply involved in the politics in the form of lobbying.

[–] [email protected] 0 points 7 months ago

Then let's assume the people in charge want Trump back in office. Wouldn't it just make more sense to make political contributions to him and others sympathetic to his platform? That carries less reputational risk than investing in a known to fail platform.

Plus it's worth mentioning that those are assets under management ; they have to answer to their investors for every time they allocate. They can't just freely swing that around like most people think