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Reddit has a market cap of $7.8 Billion right now.
Truth Social had a market cap of $8.4 Billion.
Nothing's real π π
Capitalism is literally a pyramid scam.
Why do people keep misrepresenting capitalism as some silly boogie man? This is just as stupid as people claiming socialism is innately bad.
Because people donβt understand what the word means. They just want upvotes for saying capitalism is bad.
It's all just rigged gambling. That money won't benefit the company at all. The investors just sold all their stocks to the hedge funds and retirement funds for them to lose money on, like always. The IPO was just a way to pay off investors and let executives cash in their stocks. I'd love to know what restrictions on selling came with the stocks that were given to regular employees and users/mods. Like are they allowed to sell right away or do they have to hold it for some period of time?
The stock market has a lot of magical thinking behind it. That's why there are constant frauds.
Influencing Spez's options on steel tarrifs isn't worth as much as the founder of Truth Social
This is the first I've heard of whatever truth social is
It's where all the Maga people went after Twitter started banning them for pushing (I think it was russian) propoganda.
It has 1/100th of the users of Reddit and it's just a Twitter clone but it's meme stocking because Trump is on there. Obviously the company isn't actually worth billions but it's a fun comparison.
Itβs a mastodon clone. They literally tried to rip it off and got their hands slapped.
At least truth social is open source
As open source as Reddit? Meaning, original software was but is it currently?
Itβs built on mastodon. They got slapped for not linking their source. Not sure if that ever got resolved.