Oh that’s beautiful. It’s actually been a pretty good week for tech considering there was a pretty bad couple of days last week.
Trump’s stock is almost the lowest it’s ever been. It’s lower than the IPO price.
Sounds overpriced.
It’s lower than when it launched, but is still overvalued by at least 1200%.
I’m loving the juxtaposition of the headlines:
Trump: I’m not selling!
company violently gets it’s shit pushed in
Wait!! Stahp!!!
so not only is the stock plummeting, it means the employees there have no confidence in the company whatsoever lol.
“post-lockup” Is this headline from the future?
“Lockup” is an investment term. When a company has an IPO (Initial Public Offering, which is the day they become publically available for stock trades), the big shareholders and company employees who are invested ahead of the IPO are “locked” from selling their shares for a certain number of days. This isn’t required, but most companies having an IPO end up having a lockup period set as well.
In regards to this headline, it just means that the initial investors and big shareholders are now free to sell their shares, which they are apparently doing in droves!
I should have shorted it.
I thought about it but decided it wasn’t a good idea to use logic on a stock powered by vibes / fraud. “The market can stay irrational longer than you can stay solvent” and all.
🍿🤣
I bought puts, but at this rate, the company will be bankrupt before the contract expires in January.
“The invisible hand of the market slaps Trump like a bitch. More at 11…”
Taking everyone to the poor house with him.
Well of course he was going to sell.
🍿🍿🍿
It sounds like the stock based just on the lockup ending rather than from heavy selling.
