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Truth Social Hits All-Time Low as CEO Sells His Crashing Stock (futurism.com)
submitted 2 years ago by to c/news@lemmy.world
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Unfortunately, Trump will still likely come out much richer than he was before. It's still nice to see.

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[–] 13 points 2 years ago (2 children)

then: the pump now: the dump

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  • [–] 3 points 2 years ago (3 children)

    They might have forgotten the pump part.

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  • [–] 6 points 2 years ago (1 child)

    The P/E on DWAC was so comically high. This was a company with a $7B valuation after earning, like, $3000 in a year. They were selling shares in a circa 2022 Mastadon instance that had never been upgraded. It was pure pump.

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  • [–] 2 points 2 years ago (1 child)

    It will still move around a bit. This is what is referred to as “shit beta,” which is a stock that can be moved outside the reasonable boundaries of risk for the market makers, which leads to them making defensive moves that cause large price movement. Game Stop, BBBY, and NOK were other good examples of this.

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