▲ 108 ▼ Reddit shares plunge almost 25% in two days, finish the week below first day close (www.cnbc.com) submitted 2 years ago by Renneder@sh.itjust.works [M] to c/becomeme@sh.itjust.works 5 comments fedilink hide all child comments
[–] Crackhappy@lemmy.world 22 points 2 years ago (3 children) Anyone else shorting trump media? permalink fedilink source hideshow 6 child comments replies: [–] perviouslyiner@lemmy.world 11 points 2 years ago Is it even possible to short a 'stock' that's just a disguised political donation? permalink fedilink source parent [–] graycube@kbin.social 8 points 2 years ago I don't think people are buying DJT because they expect to make money. It is more of a cult and prestige stock. One article called it a "meme stock". This makes the price harder to predict because it isn't based on numbers but something much less tangible. Throw in some securities fraud, and a few billionaires thinking it is another way to bribe or gain access to his majesty and this is a ticker I wouldn't touch with a 20 foot pole. permalink fedilink source parent [–] Jaysyn@kbin.social 8 points 2 years ago Trump, probably. permalink fedilink source parent
[–] perviouslyiner@lemmy.world 11 points 2 years ago Is it even possible to short a 'stock' that's just a disguised political donation? permalink fedilink source parent
[–] graycube@kbin.social 8 points 2 years ago I don't think people are buying DJT because they expect to make money. It is more of a cult and prestige stock. One article called it a "meme stock". This makes the price harder to predict because it isn't based on numbers but something much less tangible. Throw in some securities fraud, and a few billionaires thinking it is another way to bribe or gain access to his majesty and this is a ticker I wouldn't touch with a 20 foot pole. permalink fedilink source parent