this post was submitted on 23 Sep 2024
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[–] tal 77 points 1 month ago (3 children)

checks Yahoo Finance

It's lost 29.69% of its value in the last five days.

[–] MagicShel@programming.dev 24 points 1 month ago

I'm betting that accelerates.

[–] fine_sandy_bottom@lemmy.federate.cc 19 points 1 month ago (2 children)

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.

[–] slurpeesoforion@startrek.website 12 points 1 month ago (1 children)

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.

[–] roscoe@lemmy.dbzer0.com 5 points 1 month ago

The 52-week high is just under $80. That would be intra-day though, maybe it never closed above $65.

[–] ikidd@lemmy.world 3 points 1 month ago (2 children)

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.

[–] MintyFresh@lemmy.world 4 points 1 month ago

That's what people are missing here. It's essentially just a vehicle for anyone to bribe trump nice and easy.

[–] thatKamGuy@sh.itjust.works 3 points 1 month ago (1 children)

I don’t think Russia’s affording all that much nowadays.. last I heard, they were experiencing liquidity issues trading with China?

[–] orcrist@lemm.ee 2 points 1 month ago

Russia has many different rich people in it. Some have more free cash than others, of course. It isn't some monolithic entity.