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ever been involved in is some sort of con,"

Well of course it is. What did anyone expect?

Shares of the group have been tanking ever since it merged with a blank check acquisition company last month, falling almost 25 percent in the last five days.

Yeaahhhhh - better make that 33% ($60 to $40).

"I mean, it’s ridiculous," Barry Diller, chairman of holdings company IAC and Expedia, told CNBC on Thursday. "The company has no revenue."

Another Liberal lie LIE LI3!!! It had 4 million dollars of revenue last year (on which it lost more than $50M :dunnoSmile. But it has millions…uh…a million…uh, well, half a million (Deplorable) users.

What’s kind of interesting is that there aren’t that many shares to sell, as Trump managed to hog something like 80% for himself, and he isn’t supposed to be able to sell them for 6 months (altho I’d guess he’ll change those rules soon, before all his shares are worthless).

As I mentioned here, I bought some put options (a bearish bet) at a strike of $60, and took my profits way too soon. But this is at best a meme stock, and with the limited float could be subject to all sorts of manipulation short-term. Longer term?

About as promising as a Trump casino/steak/University/etc.
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Trump seeths as Truth Social’s stock price gets absolutely hammered
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"It’s a scam, just like everything


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Trump seeths as Truth Social’s stock price gets absolutely hammered - by pdq - 04-05-2024, 08:56 PM

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