this post was submitted on 26 Mar 2024
602 points (98.2% liked)

News

23275 readers
4949 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. 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. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Trump Media & Technology Group, the owner of struggling social media platform Truth Social, is began its long-delayed journey as a public company at Tuesday’s opening bell under the ticker symbol “DJT.”

The stock surged about 56% at the open, to $78, and trading was briefly halted for volatility. Trump Media shares have since stabilized at around $70, marking a 40% increase from Monday’s close.

Wall Street is assigning Trump Media an eye-popping valuation of around $13 billion — a price tag that experts warn is untethered to reality.

The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users.

“This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years.

(page 2) 50 comments
sorted by: hot top controversial new old
[–] [email protected] 17 points 7 months ago (2 children)

I'm sure he'll divest before the election, right?

[–] [email protected] 8 points 7 months ago

As much as I'd just love to suffer through another press conference with roughly 10 reams of unprinted paper on the table to represent all the stocks he'll be divesting, Trump has reduced the level of discourse and political expectations so much he'll just claim democrats are the ones pushing for him to divest, refuse, and mainstream media won't even cover it.

load more comments (1 replies)
[–] [email protected] 12 points 7 months ago (1 children)

short them into the ground!

load more comments (1 replies)
[–] [email protected] 12 points 7 months ago (1 children)

The whole situation is so fraudulent that you can't even short it.

load more comments (1 replies)
[–] [email protected] 12 points 7 months ago

I’m assuming they see massive market potential for running penis pill and gun ads on it?

[–] [email protected] 12 points 7 months ago (1 children)

The stock market is not about company fundamentals, which they may influence people. However at the end of day, the stock market is all about the feels.

load more comments (1 replies)
[–] [email protected] 10 points 7 months ago (4 children)

It's literally a platform to talk to the most gullible and easily manipulated group of people. You can hate everything about the platform but you have to admit magas fall for everything and are willing to pay for it. These people bought trump bucks...

load more comments (4 replies)
[–] [email protected] 8 points 7 months ago (1 children)

Never has a short selling opportunity been so good…

[–] [email protected] 16 points 7 months ago (1 children)

Short term options are currently valuing almost 400% volatility. Your gonna pay out the ass for put options or for the margin required for a short sale. I wouldn't go anywhere near this.

As they say... that's priced in.

load more comments (1 replies)
[–] [email protected] 8 points 7 months ago (2 children)
[–] [email protected] 9 points 7 months ago

A meme stock

load more comments (1 replies)
[–] [email protected] 7 points 7 months ago (1 children)

smh, it's going to flop like his hotels.

[–] [email protected] 10 points 7 months ago

That's the plan. He just needs to cash out first.

[–] [email protected] 7 points 7 months ago (1 children)

Is he trying to get an other fraud suit?

[–] [email protected] 9 points 7 months ago

Doesn't matter if he can outrun the consequences. Pretty sad that an out of shape piece of shit like Don Poorleon can outpace the American justice system.

load more comments
view more: ‹ prev next ›