Wait, they’re leaving their users holding the bag? Who could have predicted this
Pump and dump. They sold all those shares to shareholders and they are going to answer to them now. They stopped listening to the users a long time ago. Enshittification is inevitable.
They tried to pump up by selling to reddit users first. On a platform that literally has communities dedicated to fucking up stock prices.
Unfortunately, they somewhat succeeded. Greedy little pigboy got his $16m dump, right after using the Reddit users to pump.
Greedy little pigboy was always going to get his cut, that was the whole idea. Build something juust big enough to get bought out, and if that doesn’t work, sell the parts as unethically as possible.
I look forward to him thinking he’s a big dick player now and getting absolutely chummed by the real sharks
I don’t remember names, but many users around here called this to the letter
They’re getting the payday they promised themselves and they are doing it now because the share price will probably never be this high again.
If Spez was paid $93 million last year and all but $600k of it were shares, you can bet he still has plenty left.
How in heck is Truth Social worth more than twice Reddit
Because the stock market is mostly based on mob thinking/human psychology rather than being based on reality.
Not mostly, but people are buying Truth Social shares not because they think it’s a sound financial decision, but because they support the company. It’s meme stock logic.
