United States | News & Politics

7228 readers

210 users here now

founded 4 years ago

MODERATORS

[email protected]

379

Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss (www.cbsnews.com)

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

55 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 10 points 7 months ago (1 children)

How is a mastodon instance assigned a value?

[–] [email protected] 6 points 7 months ago (2 children)

I believe they did an IPO

[–] [email protected] 6 points 7 months ago

My reaction when my instance admin "does an IPO" and basically sells my contributions and my data to the highest bidder

[–] [email protected] 1 points 7 months ago

Not quite. They merged with a spac, which is an empty financial vehicle traded on a stock exchange that has the specific purpose of merging with a legitimate company later, allowing that legitimate company to go public much faster (3-6 months vs 12-18 months).