this post was submitted on 02 Aug 2024
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[–] xenomor@lemmy.world 44 points 1 year ago (2 children)

Keep in mind that trump’s meme stock is entirely a fraud machine designed to sell presidential power for cash. Watching that thing collapse after trump loses is going to be icing on the cake as this is his monetary lifeline given all of the legal entanglements that aren’t going away after November. Once it’s clear he he has no official power to sell, most of the institutional investors vying for influence will clamor to pull out of this and probably leave a bunch of drooling basement dwelling incels holding the bag. Hopefully this happens before trump’s shares open up and he can do even a modest rug pull. Get the popcorn.

[–] jeffw@lemmy.world 14 points 1 year ago

He’s been selling presidential power for cash. The stock is just a way to prey on the loyalists who will buy up shares because of the name and despite the significant losses