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Cake day: September 27th, 2023

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  • I get the humor of the comic, but I generally think it’s a bad idea to compare two people in order to make a judgement, or even two groups of people. If you actually look at the groups, you’ll almost always find that each community has its strengths and weaknesses. They can actually learn from each other.

    I was watching a video of a lady who escaped from North Korea. There was a real food shortage, and people were barely surviving. But she also said that she missed the feeling of community that she felt in her home town. That there was a certain kind of happiness that she felt living in a poor community struggling to get by that she couldn’t replicate.
















  • Trump, a main draw for Truth Social users and many retail investors in the company, said earlier in September that he will not sell his stake. The stock price briefly shot up after his remarks.

    Other early investors have made no such promises. They include ARC Global, a sponsor of the blank-check firm that took Trump Media public, and United Atlantic Ventures, an entity controlled by two former contestants on Trump’s reality show “The Apprentice.”

    I believe it’s not only that these investors made no promises not to sell, but that several of them specifically expressed that they would be selling as soon as they were legally allowed to do so.

    It’s hard to accurately value Truth Social. But I think if Trump were to leave the platform, its value would go to zero, and that makes it very risky. I just saw a price of 12.74. I wouldn’t be surprised if it’s still quite overvalued, and so it makes sense for those investors to try to sell at this price.