• Catma@lemmy.world
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    6 months ago

    Its a bet a lot of people are making. If Trump wins the shares of this stock are probably going to the moon to borrow a phrase. Truth social will be where the President of the US is. Users/advertisers will move there initially I think, until they realize it is somehow worse than Twitter. It will also be, and probably already is, a way to subvert campaign finance laws and donate “directly” to Trump.

    The price is artificially high becuase of people making this bet. If Trump loses this goes the way of Trump steaks, Trump vodka, Trump University, etc. If he wins, these people may literally make money hand over fist.

    • Cethin@lemmy.zip
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      6 months ago

      Trump winning doesn’t do anything except make it a way to bribe the president. Everyone knows who/what are on that site. It’s not going to make advertisers go there. It’s already the place of the loudmouthed former president, which probably gets more users than it being the site that had the president.