politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
It's hilarious. They were literally ~~propping up the value of his company by preventing a price implosion.~~
It makes me wonder if his orders got cancelled.
Edit: my bad.
I failed to read the article. It was a price spike that got cut off. See below.
I'm all for dunking on Trump, but you (or anyone here) should read the article.
It didn't trigger because the price was tanking. It triggered because it was going up too fast.
It was on news of Trump saying he wasn't going to sell.
It's a social media company with very few active users which loses piles of money and takes in a pittance in return. It is worth less than nothing. If he holds it when it goes to zero than he loses all possible profit. Of course he's going to sell.
Oh for sure. It's effectively been a proxy for election betting since it's inception. Investors know if he wins it's a vehicle for people to buy his favour by adding demand pressure. As long as Trump thinks he might win, he has to keep his position.
This is a basic misunderstanding of reality. It's shitty and useless even for him. If he wins he wont need it.
In a speculative market, which is the reality in which we both exist, share value can absolutely be divorced from a balance sheet. As you've pointed out, that is the case here.
So what is the speculative value to an investor? Why ISN'T it zero?
If you have a theory better than "investors believe he'll use his position as president to increase the value of his own holdings if he wins" I'd be curious to hear it.
Maybe it's by making presidential decisions contingent on "friendly actions" like buying shares if you're a foreign nation or even a domestic interest. Maybe he'll award government communication contracts.
Super interested in an alternative explanation, though.
A: I feel like an actual fascist takeover of America would open the door to more direct bribery like wire transfers of large amounts of funds. If you transfer 10M to him he gets the entire 10M not half.
B: I think people buying it either believe in the theory of utility you outlined or are betting on others perception of the utility more so than direct belief in real value as is common with meme stocks. There is also probably a non trivial percentage which have no reasonable theory of value whatsoever which are making an emotional decision as to investing comparatively small amounts of personal monies.
It's literally just a Mastodon instance that isn't federated.
Can the rubes really be that dumb, or was it all just foreign bribe money looking for an excuse to buy in?
Yes.
Damn. My bad. Thank you
Edited my original comment with a strike-through.