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Reddit shares plunge almost 25% in two days, finish the week below first day close (www.cnbc.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 22 points 7 months ago (3 children)

Anyone else shorting trump media?

[–] [email protected] 8 points 7 months ago

I don't think people are buying DJT because they expect to make money. It is more of a cult and prestige stock. One article called it a "meme stock". This makes the price harder to predict because it isn't based on numbers but something much less tangible. Throw in some securities fraud, and a few billionaires thinking it is another way to bribe or gain access to his majesty and this is a ticker I wouldn't touch with a 20 foot pole.

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