Shares hit a new low after Donald Trump's rough showing against Kamala Harris in this week's presidential debate
  • DudeImMacGyver@sh.itjust.works
    1·
    2 months ago

    Still grossly overvalued.

    Remember, this motherfucker bankrupted THREE casinos!

    There is no limit to how badly he can fuck up a business.

  • hddsx@lemmy.ca
    0·
    2 months ago

    Putting aside any feeling you may have for or against Trump, WTF does TMTG do? From what I can tell, it runs Truth Social and is planning to launch a streaming service.

    I did some quick googling and Truth Social appears to be a mastodon instance with a non-default backend that is free to use with 600k active monthly users.

    Facebook alone (not including other META products) has 2.9 billion active monthly users.

    What’s so valuable about it? Sure, they are probably running ads. But why would someone advertise on Truth Social over Facebook? Is the conversion rate somehow better on truth social?

    • VirtualOdour@sh.itjust.works
      0·
      2 months ago

      Oh come on just because we hate Trump doesn’t mean we should kid ourselves, there’s a lot of value to having access to 600k of the easiest to scam rubes on the planet.

    • UnderpantsWeevil@lemmy.worldEnglish
      01·
      2 months ago

      People are treating the “dump” part of a “Pump and Dump” like it’s some kind of a vindication, when suckers were already fully fleeced back at its $7B market cap peak.

      It’s a Mastodon instance with a few thousand users trading at $16/share. Absolutely insane that anyone was buying this garbage at any price.

      • grue@lemmy.worldEnglish
        0·
        2 months ago

        It matters because Trump becomes free to sell his shares on September 19 (a week from today). I, for one, am hoping that the price goes to $0 and it gets delisted by then!

      • TacticsConsort@yiffit.net
        0·
        2 months ago

        Violins are traditional instruments of cinematic mourning, either as background melody or very famously used literally in Titanic where the orchestra kept playing right up until the ship went down (historically accurate).

        Spongebob Squarepants later had a one-off gag where Mr. Krabs wanted to express insincere mourning, so he pulled out a finger-size violin and said something to the effect of “Oh boo hoo. Let me play you a sad song on the world’s tiniest violin”

        Of course, being Spongebob Squarepants, the gag was executed so flawlessly that it was immediately seamlessly integrated into internet culture.