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13 points

It’s a social media company with very few active users which loses piles of money and takes in a pittance in return. It is worth less than nothing. If he holds it when it goes to zero than he loses all possible profit. Of course he’s going to sell.

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7 points

Oh for sure. It’s effectively been a proxy for election betting since it’s inception. Investors know if he wins it’s a vehicle for people to buy his favour by adding demand pressure. As long as Trump thinks he might win, he has to keep his position.

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2 points

This is a basic misunderstanding of reality. It’s shitty and useless even for him. If he wins he wont need it.

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0 points

In a speculative market, which is the reality in which we both exist, share value can absolutely be divorced from a balance sheet. As you’ve pointed out, that is the case here.

So what is the speculative value to an investor? Why ISN’T it zero?

If you have a theory better than “investors believe he’ll use his position as president to increase the value of his own holdings if he wins” I’d be curious to hear it.

Maybe it’s by making presidential decisions contingent on “friendly actions” like buying shares if you’re a foreign nation or even a domestic interest. Maybe he’ll award government communication contracts.

Super interested in an alternative explanation, though.

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2 points

It’s literally just a Mastodon instance that isn’t federated.

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