New piece by me on Trump's smartest business move ever: creating a meme stock to exploit the cult-like devotion of his followers.
New piece by me on Trump's smartest business move ever: creating a meme stock to exploit the cult-like devotion of his followers.
Trump Media has around $5 million in revenue, and a market cap of $9 billion. That gives it a price-sales ratio of 1800 to 1. It's one of the most ridiculously overvalued companies in the history of the stock market, thanks to the Trump cult.
@JamesSurowiecki The guy is a brilliant businessman - and a olympic-caliber showman...can't ever take that away from him
@JamesSurowiecki Can you tell who is buying the shares? Putin?
@JamesSurowiecki Wasn't the merger with DWAC something thats been known since last summer?
@JamesSurowiecki He should have just hired Pelosi’s husband as a stock picker.
@JamesSurowiecki Good piece. So it’s a race: Does the stock stay high enough long enough for Trump to get to cash out and actually become a billionaire, burning the retail suckers? Or does it plummet before then, burning the retail suckers?
@JamesSurowiecki There’s no campaign contribution limit and a sovereign wealth fund could theoretically dump 20% of their assets in this stock for favorable country/trade treatment if the predictor markets have him winning (they do right now)
@JamesSurowiecki Thats wonderful Jim. Academics projecting.
@JamesSurowiecki how has TRUMPCOIN not been minted yet?