Small-time investors in Trump’s Truth Social reckon with stock collapse
Small-time investors in Trump’s Truth Social reckon with stock collapse
Some Trump supporters who invested in his social media company have seen their share values plunge -— and see it as a test of faith
Wow. Nothing like integrating religion, politics, and finance into one big ball of disappointment. Good luck with that.
This type of person doesn't particularly like any sort of de-integrated thinking in my experience. If you think of something in one way, then everything else ends up being thought of in a similar fashion. That's partly how you end up with so much entertainment media influence in their day-to-day considerations of more real, serious matters.
Once you add in avoidance of things you'd rather not think about, it ends up as a very low cognitive dissonance load, which I think is a major part of the appeal.
Paywall bypass: https://archive.ph/Z1cOo
Imagine investing your nest egg in a defederated Mastodon instance.
Hey. Trump has big plans, it's gonna explode. You'll see!
/s
I posted a gift link as the top-level link, so people shouldn't be hitting the paywall for the next couple weeks anyways. (Note: if you're viewing through Mastodon rather than lemmy, you'll need to have clicked the link, rather than the preview to bypass the paywall, as Mastodon strips off the paywall-bypass token on the preview link)
Maybe my ClearURLs browser extension stripped the personally identifiable Information (PII) tracking fields from your URL.
So, they're dying of old age, the beetus, and the "China Flu". They're giving their money to televangelists, psychics, and short-sellers. And they're still giving Biden a run for his money. Smh.
Their votes count more than ours. That's how trump happened in the first place
I would surmise that Jeff Yass, Ken Griffin, Donald himself and the other big money behind this stock all took short positions before running it into the ground.
Fleecing the Trump supporters like shearing a sheep bare skin.
Trump has a pile of stock which he's not allowed to sell until six months after trading started. It's more that this becomes a vehicle for the super-wealthy to bribe him if he is elected again — they can do an open market purchase, with Trump selling to them.
They're going to get fuuuuuuuuucked.
Poor bastards.
Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”
Ol’ BaldylocksUSMC is such a strong man! Invest more, Baldy! Sell the house, invest the proceeds in DJT! Own me, baby! —The Libs
Fucking zombies, red-hatted zombies.
Eh, most know what they are doing.
It's just the reich at this point.