So...Trump lent his name to a shell company that immediately went public on the strength of that name, to raise money for his new social platform, knowing that investors would short the stock because the platform will fail? Is that right?
Isn't that just "The Producers?"
Isn't that just "The Producers?"
https://twitter.com/TechCrunch/status/1451557439795605506
I don't really understand the stonks thing, but to a layperson, that seems a lot like fraud. Right??
"Amazing. It's absolutely amazing. That under the right circumstances, a Producer could make more money with a flop than he could with a hit. Hmm... Yes, it's quite possible! If he were certain that the show would fail, a man could make a fortune!"
Given the struggle of every other new right wing social media platform, the hack-ridden pre-launch of TRUTH Social, and Trump's general failure rate when launching branded products...is there any reason to suspect that this social platform will ever be usable? Or even exist?
I guess DWAC was already public. Ok, my mistake there. Still, isn't Trump funding this venture off people putting money into profiting off its potential failure? What's the incentive to not fail, then? Ugh, this is why I write stuff, not trade stocks.
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