The market cap for Truth Social is $4.5B, which is fucking bananas when you consider that this is a home-rolled Mastadon instance that hasn’t even been patched since 2022.
I’m not saying Trump is a billionaire, or even a good businessman, but holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
The price is based on the size of the cult of delusional racists who worship Donald, it has little to do with the tech. Imagine how much you could charge for ivermectin ads if you can guarantee they’ll be in front of an audience of cultists!
I hardly have to imagine. As a Texas resident with a few friends who own horses, I can say firsthand that the ivermectin lie has cleared stocks from shelves for gullible rubs that was much needed for actual horse medicine
I’m not saying Trump is a billionaire, or even a good businessman, but holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
I think you are interpreting this wrong… people are paying $35 a share because one of two reasons:
they are completely deluded and think of Trump as a literal messiah
they think $35 a share for a complete slut that would do anything but with the powers of the US Presidency is a bargain
holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
When it comes to humans, sometimes they focus more on style, than the substance.
You’d think they’d be more careful with their money, especially these days when there is so little of it to go around, but no, their favorite star tells them otherwise.
The market cap for Truth Social is $4.5B, which is fucking bananas when you consider that this is a home-rolled Mastadon instance that hasn’t even been patched since 2022.
I’m not saying Trump is a billionaire, or even a good businessman, but holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
The price is based on the size of the cult of delusional racists who worship Donald, it has little to do with the tech. Imagine how much you could charge for ivermectin ads if you can guarantee they’ll be in front of an audience of cultists!
I hardly have to imagine. As a Texas resident with a few friends who own horses, I can say firsthand that the ivermectin lie has cleared stocks from shelves for gullible rubs that was much needed for actual horse medicine
I think you are interpreting this wrong… people are paying $35 a share because one of two reasons:
Well, their grandkids may be able to put it together. They themselves still consider it magic…
The tech isn’t what’s valuable, it’s the market reach. That said, the market reach is also shit.
Saying this right before my EQ pirate server gets inundated with over a dozen users.
…I should make a instance
When it comes to humans, sometimes they focus more on style, than the substance.
You’d think they’d be more careful with their money, especially these days when there is so little of it to go around, but no, their favorite star tells them otherwise.