News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Oh FFS:
Literally you're link, which I also listened to this morning:
And from Forbes article:
They both agree that part of this rise is due to his crazy ass base and also they are both "shit opinion pieces" as you put it. I swear to god, lemmy users are just as shit as redditors way too often now and end of the day, he's did get richer due to this IPO and his shady business dealing with his shit truth social.
I fail to see your point.
The headline is: "Here's why Truth Social is worth $10 Billion". I'm going in looking for a reasonable explanation as to why it's worth ten billion dollars.
This opinion piece essentially says it's the "unwavering loyalty" of its "steadfast" 9 or 5 million (depending on the article) users. That doesn't tell me anything about the valuation. Is it the case that any business with millions of users is worth billions of dollars? We know they've lost $49 million, what's their revenue? There's nothing tangible in this article to explain the $10 billion valuation. It has not answered the question I had going into it. I mean, to put it another way, the best source this piece has is "CampusExplorerdotcom". This isn't compelling me to invest in the company.
The other report is more realistic and offers the explanation of the soaring stock price due to it being both a meme stock and an opportunity for people to be "business partners" with Trump. It opens with the objective observation that its valuation does not match with its financials. This at least informs me that the valuation is not based on finances but on excitement. This is a realistic assessment from someone who has been reporting on Trump's ventures for years.
My initial comment was more in response to the presentation of the article being a legit report by Forbes and calling it out as an opinion. What I've learned since my original post is that this is in fact tagged as an opinion piece if you hover of the ( i ) next to Contributor. I'm not so sure opinions should be considered "News".
Fair enough. Perhaps this is the wrong article to post but I do honestly think that Truth Social, a company mired in shenanigans, which The Daily covers quite nicely btw, rockets up to this absurd valuation is news especially in conjunction with all of the other news about Trump and owing half a billion dollars.
But sure, I get your point.