this post was submitted on 12 Sep 2024
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[–] RagingSnarkasm@lemmy.world 37 points 1 month ago (1 children)
[–] UnderpantsWeevil@lemmy.world 28 points 1 month ago* (last edited 1 month ago) (3 children)

People are treating the "dump" part of a "Pump and Dump" like it's some kind of a vindication, when suckers were already fully fleeced back at its $7B market cap peak.

It's a Mastodon instance with a few thousand users trading at $16/share. Absolutely insane that anyone was buying this garbage at any price.

[–] RagingSnarkasm@lemmy.world 24 points 1 month ago (1 children)

Absolutely insane that anyone was buying this garbage at any price.

That bribery money wasn't going to launder itself.

[–] Crashumbc@lemmy.world 6 points 1 month ago

Correct answer.

[–] grue@lemmy.world 12 points 1 month ago (2 children)

It matters because Trump becomes free to sell his shares on September 19 (a week from today). I, for one, am hoping that the price goes to $0 and it gets delisted by then!

[–] UnderpantsWeevil@lemmy.world 8 points 1 month ago

He's been able to borrow against them for some time. Someone is already holding the bag.

[–] mercano@lemmy.world 2 points 1 month ago

If he floods the market with shares, I wouldn’t be surprised if the price craters so hard it gets delisted.

[–] radiohead37@lemmynsfw.com 4 points 1 month ago

Brainwashed uninformed people trying to show off to their friends how they are the biggest trump supporters ever.