Just keep in mind that a lot of shareholders are just holding because they think the next guy will pay more. The bigger fool theory. Don’t try to justify holding around fundamentals. There is no business. I hate FB as much as the next guy, but DWAC is not going to solve the problems created by Zuck.
You don't think if they actually get a platform that is worth a darn that people won't jump ship on FB and twitter?
My view…nope. I know plenty of people that voted Trump that ain’t getting off Facebook. Remember that Facebook is mostly boomers and Gen z sharing inspirational memes and cat photos while keeping up with there “contacts”. Network effect in full force. Younger people use instagram but that is a little different medium, with its own problems.
ok... so lets say you bought a week ago , when would you get out?lol
No clue. lOL. It’s price seems to be trading at an inverse to the inflation/stock bubble trade. So the assumption looks like (to me at least) the worse the economy does the better chance this SPAC has. Seems reasonable, but I will point out again- THERE ISNT AN ACTUAL BUSINESS HERE. So it trades like a proxy on Trump. Good luck with that. Keep in king that in the negative approval ratings of Biden, there is a sizable percentage that would still vote the same way. People are wired weird. Saying one thing and doing another is a common habit.
Right. But there is a floor on that…agree?
I don't think more than a couple Biden voters would ever touch this stock. For the same reason Trump voters will. Trump will not risk losing his followers if he stiffs them, something is going to launch
To try to stay on this particular investment, here is a link. The author tends to be a bit technical, but he points out the concerns I have. The details of the agreement make little sense. You have to bet there is something coming you can’t see and its going to be GREAT!! So sorry if it looks to me like the Trump grift continues. Now if you want to buy because you think it continues to go up, it’s a free country. Just figure out how much you know and how much you hope is true.
So I read and understood about half of that. Since it is an older article I am not going to use it a lot to sway my opinion that Trump is in a position that if he stiffs the stock holders he will lose a ton of support and an egomaniac isn't going to let that happen, at least not intentionally. So is it completely out of reality that this valuation got high enough that they were able to get a crew rounded up that can actually make or merge with an existing platform?
The article is 5wks old, so not sure how new you want it to be. So just ask yourself what does Trump value more $250m or support from his base?
Oh, but wait, maybe you both are correct for now! Rationale being that this current market correction allows for further speculative investing (“buy the dip” type apes). But also plausibility for delays in deployment across all social media.
I'm just waiting for Psaki to extoll the greatest evah....no
I was wondering when this thread was going to get some action today..
Very oversold. Worth taking a small bite on some things, IMO. Market still expensive though.
Buy monthly up until Apr 15
