@vegeta@lemmy.world to News@lemmy.world • 3 months agoTrump Media plummets 10% as post-lockup selloff picks up steamwww.cnbc.comexternal-linkmessage-square47fedilinkarrow-up1356arrow-down19
arrow-up1347arrow-down1external-linkTrump Media plummets 10% as post-lockup selloff picks up steamwww.cnbc.com@vegeta@lemmy.world to News@lemmy.world • 3 months agomessage-square47fedilink
minus-square@tal@lemmy.todaylinkfedilinkEnglish77•3 months agochecks Yahoo Finance It’s lost 29.69% of its value in the last five days.
minus-square@fine_sandy_bottomlink18•3 months agoThese reductions are so large it’s hard to conceptualise. There was a peak several months ago of $65. Now they’re $13.55 or sth? Commentators all along have been saying that the values are a proxy for Trump’s popularity. If so, things aren’t looking good.
minus-square@slurpeesoforion@startrek.websitelinkfedilink12•3 months agoThey look pretty good from where I’m sitting.
minus-square@fine_sandy_bottomlink1•3 months agoYeah. The current price is still insanity. I think the underlying value of the company is nil? Sadly with all the electioneering fuckery Trump still has a good chance of winning.
minus-square@roscoe@lemmy.dbzer0.comlinkfedilink5•3 months agoThe 52-week high is just under $80. That would be intra-day though, maybe it never closed above $65.
minus-square@ikidd@lemmy.worldlinkfedilinkEnglish3•3 months agoThe Saudis and Russia will shore up the price shortly before mushroomhead starts selling like a banshee, then they’ll slurp up all his shares at the ask price. I’ve thought about call options but I’m not that brave.
minus-square@MintyFresh@lemmy.worldlinkfedilink4•3 months agoThat’s what people are missing here. It’s essentially just a vehicle for anyone to bribe trump nice and easy.
minus-square@thatKamGuy@sh.itjust.workslinkfedilink3•3 months agoI don’t think Russia’s affording all that much nowadays… last I heard, they were experiencing liquidity issues trading with China?
minus-square@orcrist@lemm.eelinkfedilink2•3 months agoRussia has many different rich people in it. Some have more free cash than others, of course. It isn’t some monolithic entity.
checks Yahoo Finance
It’s lost 29.69% of its value in the last five days.
I’m betting that accelerates.
These reductions are so large it’s hard to conceptualise.
There was a peak several months ago of $65. Now they’re $13.55 or sth?
Commentators all along have been saying that the values are a proxy for Trump’s popularity. If so, things aren’t looking good.
They look pretty good from where I’m sitting.
Yeah. The current price is still insanity. I think the underlying value of the company is nil?
Sadly with all the electioneering fuckery Trump still has a good chance of winning.
The 52-week high is just under $80. That would be intra-day though, maybe it never closed above $65.
The Saudis and Russia will shore up the price shortly before mushroomhead starts selling like a banshee, then they’ll slurp up all his shares at the ask price. I’ve thought about call options but I’m not that brave.
That’s what people are missing here. It’s essentially just a vehicle for anyone to bribe trump nice and easy.
I don’t think Russia’s affording all that much nowadays… last I heard, they were experiencing liquidity issues trading with China?
Russia has many different rich people in it. Some have more free cash than others, of course. It isn’t some monolithic entity.