Flying Squid to News@lemmy.world • 3 months agoTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comexternal-linkmessage-square76fedilinkarrow-up1596arrow-down18file-text
arrow-up1588arrow-down1external-linkTruth Social Hits All-Time Low as CEO Sells His Crashing Stockfuturism.comFlying Squid to News@lemmy.world • 3 months agomessage-square76fedilinkfile-text
Unfortunately, Trump will still likely come out much richer than he was before. It’s still nice to see.
minus-square@UnderpantsWeevil@lemmy.worldlinkfedilinkEnglish6•3 months agoThe 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.
minus-squareKillingTimeItselflinkfedilinkEnglish2•3 months agodont forget about the revenue income, they pulled in what like, a few (ten/hundred?) million of revenue in a year?
minus-squareKillingTimeItselflinkfedilinkEnglish4•3 months agothey did the pump part… They just forgot that the value was supposed to go up, it’s literally schizo meme stock economics.
minus-square@smeenz@lemmy.nzlinkfedilink1•3 months agoThat’s because they replaced it with the trump part
They might have forgotten the pump part.
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.
dont forget about the revenue income, they pulled in what like, a few (ten/hundred?) million of revenue in a year?
they did the pump part… They just forgot that the value was supposed to go up, it’s literally schizo meme stock economics.
That’s because they replaced it with the trump part
the ole trump and dump