Truth Social shares closed below $17 on Wednesday, reversing all gains since the company’s rapid rise from January

  • ReallyActuallyFrankenstein@lemmynsfw.com
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    2 months ago

    I’m confident even this level of support is rife with foreign money being effectively donated to Trump to help him continue to damage American power.

    But it will be really interesting if, in the lead-up to Trump being eligible to liquidate shares, the price rises instead of falls. The widespread expectation that he will dump those shares should put the stock in a freefall, so if it rises, that momentary windfall in the stock price is a good signal just how much money is being laundered to Trump.

    • IninewCrow@lemmy.ca
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      2 months ago

      Just saying what you said is pumping up the stock.

      The idea you just planted probably just sent several investors into the stock in anticipation of this, thinking they can cash out before the free fall.

      I live in mining country and I’ve watched hundreds of exploration companies go through this same phase. The majority of them make more money talking about fantasies and fairy tales, than in anything to do with actual mining rock in the ground.

      • Viking_Hippie@lemmy.world
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        2 months ago

        The majority of them make more money talking about fantasies and fairy tales, than in anything to do with actual mining rock in the ground.

        How ironic that the mining industry is profiting off the ultimate infinitely renewable resources: greed and idiocy

    • rayyy@lemmy.world
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      2 months ago

      Not to worry. The weird orange felon, DonOLD Von Shitzinpantz, has already jumped into a better money laundering racket - bitcoin.