So trump social is going higher then reddit? Idk if i want to cry or laugh.
this post was submitted on 26 Mar 2024
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Unless it's just the latest way eastern european oligarchs can launder money to him.
Woah, now! That's a very specific allegation! You know perfectly well that oligarchs all over the world are laundering money to him.
a price tag that experts warn is untethered to reality.
Is there any company whose stock price is tethered to reality? In any case, sounds like a surefire win to short that shit
Plenty of them, but they are generally not the ones the talking heads want to talk about. Everything in the S&P 500 is massively over priced as well.
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Only until you realize that embezzlement is very logical
You can now sell out your country on the NASDAQ. Now that's an efficient market.
Trump hit with huge fine he can't pay -> Rumors of Trump trying to raise money from foreign governments -> Lawyers push back, say 'you can't just accept half a billion from foreigners to pay the fine, there are rules!' -> Truth Social IPO raises a bunch of money that (foreign) investors are willing to 'loose' when the stock inevitably collapses -> Trump puts up the stock as collateral to pay the bond to pay the fine.
What? He can't sell his stock for 6 months? No, he isn't selling it, he is putting it up for collateral, totally legal, totally won't be investigated by the SEC until he gets elected and fires the head of the SEC and the lawsuit goes away.
They can exit once he has enough out.
It may be better than risking the loss.
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I for one am shocked. Shocked.
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Two words. Money. Laundering.
Sounds pretty logical to me.
Hey Bro have you heard about Crypto!?
Same target audience for this stock ....
Didn't Trump just get found guilty of overinflating the value of his properties? Why is this any different?
Because it's a method of laundering money from foreign powers
Lol, just foreign?
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Look around, its not that unusual to be untethered from fundamentals.
GME , AMC , NVDA , SMCI , TSLA , RDDT ,
You only listed meme stocks lol
Is truth social NOT a meme stock?
Never has a short selling opportunity been so good…
Short term options are currently valuing almost 400% volatility. Your gonna pay out the ass for put options or for the margin required for a short sale. I wouldn't go anywhere near this.
As they say... that's priced in.
This guy trades. Can confirm. Puts are outrageously overpriced. U gotta hate trump a whole lot to buy weekly puts
Let’s invest in the company most tied to the health of a single man. And let that man be high in years and eat McDonald’s like it was going out of style. That won’t ever backfire.
The minute he dies, all users start going elsewhere.
What users? Truth social has zero business plan.
More importantly, it is tied to the mental health of a single man, and that has already gone out of the window long ago.
That's a feature, not a bug.
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It's still higher at market close than Reddit was on their open last week. I'm not trying to make a point or anything, I just find it amusing.
The price it trades at doesn't mean hardly anything. You have to look at shares outstanding and total valuation and market cap to compare companies. And in that regard, reddit is about 4B more valuable that truth
Sigh… I buy index funds that own the whole market…
"This is a very unusual situation. The stock's value is pretty much divorced from truth"
Had to fix the sentence to what he likely meant to say.