If you meme your own stock is that fraud?
Ask Elon
Or I guess a model for a meme stock could go something like this. It starts with a burst of attention: In Trump Media’s case, the stock soared in October 2021, when the special purpose acquisition company first announced (the existence of and) its merger with Trump Media, and then again in January 2024, when the merger looked likely to close, and in March, when it did. And these bursts of attention took Trump Media’s stock price way, way, way, way, way beyond what seemed to be justified by its fundamentals (as a money-losing company with $4 million of revenue). That is sort of the definition of a meme stock.
“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”
Fuck. He figured it all out.
Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.
A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.
