Do people actually use that?
this post was submitted on 01 Apr 2024
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headlines like this are always so silly. it's a shitty meme stock that went up for a single day and has been down ever since. it "gained" 4 billion for like a single day.
I think they're good because it really highlights that "the rules are made up and the points don't matter" is actually a better description of our economy than anything an econ student could come up with.
What a great businessman! Much smart! So WOW! Big brain.
What is the antonym of ‘go woke go broke’ pls?
Go fash lose cash
Turn alright feel the plight
Go fash lose your ass?
rip bozo, lmao. looks like you cant sustain a social media network around a personality cult around some wet old dude.
Looked like it was enough to get him bail, though
Not bail specifically, it's a bond. A bail keeps you out of jail until a court judgement has been made, a bond keeps the court from taking your assets away to pay off a debt (including from a previous judgement). The bond is held by the court until appeal is over, then given to the winning party when the final judgment is in.
Trump selling truth social stock was so that foreign entities could legally give him money so he could pay the bail for the NY case.
he cant sell any, hes lokced to it for 6 months
Doesn't need to, it's asset that can be used for collateral.
Holy shit I didn't realize it was worth that much that's crazy
It wasn't.
Like everything trump touches, it was ridiculously overvalued
he's like king midas except instead of gold everything just gets slathered in shitty bronzer
How is a mastodon instance assigned a value?
I believe they did an IPO
My reaction when my instance admin "does an IPO" and basically sells my contributions and my data to the highest bidder
It feels like someone is pumping the stock up.
Not your average small business owner either, someone with weight is basically defying every metric of long term/short term investment on a stock that has done nothing but depreciate in value over the past year.
On a product, no one uses.
And said, "That's worth at least as much as Amazon."
Sounds like the work of Blackrock or gs
Blackrock may have deep pockets but they're not that idiotic.
They are corrupt and if they want to help Trump get into office so their shady investments can continue then it wouldn't cost them even pocket change to pump up trump stocks. It's such a small amount of money to them they probably assigned an intern to the account.
Maybe so, but they’re also on the opposite side of the aisle. The company that owns Sweet Baby Inc. and deliberately pushes inappropriate levels of DEI via bribery-with-extra-steps probably isn’t about to aid or endorse a Republican, especially one who’s that brazen about the shitty things he does.
what the fuck kind of gamergate 2 horseshit 😂
Don’t believe everything you read on Wikipedia about that situation, it’s sourced from articles written by people with victim complexes who want to control the narrative. My point is that BlackRock is too liberal to support Trump.
my boi you literally went out of your way to implicate Sweet Baby Inc. of all people in political nonsense. I think I know the other places you post in your downtime. at least own your bullshit with your whole dogmade chest.
You’re the one jumping on me for merely mentioning them and now indirectly accusing me of being a Nazi. At this point you’re just deliberately ignoring the actual point that I very clearly stated. Don’t pretend you’re taking the high road, it’s not convincing anyone. Own your own bullshit instead of telling other people it’s theirs.
Bud, I know it's pretty easy to jump down into conspiratorial rabbit holes whenever talking about Blackrock, vanguard, etc but let me ask you this:
Which sounds like a more solid plan? Investing in a platform that was dead in the water from the start, with no financial future. Or just donating to a bunch of politicians that are okay with your business practices?
I'm not saying they aren't causing a good bit of harm but you don't become the largest investment management firm on the planet by being that stupid
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.
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
Trump has people trying to get his base to buy the stock with the express purpose of pumping it up to give him more assets to work with to fund his legal battles.
I wouldn't be surprised if the SEC is currently investigating it because they haven't been trying to hide it at all.
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