this post was submitted on 12 Sep 2024
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[–] RagingSnarkasm 37 points 3 months ago (1 children)
[–] UnderpantsWeevil 28 points 3 months ago* (last edited 3 months 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 24 points 3 months ago (1 children)

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

That bribery money wasn't going to launder itself.

[–] Crashumbc 6 points 3 months ago

Correct answer.

[–] grue 12 points 3 months 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 8 points 3 months ago

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

[–] mercano 2 points 3 months ago

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

[–] [email protected] 4 points 3 months ago

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