Our toxic political divide has reached Wall Street, as Trump Media and Technology group has become a meme stock with orchestrated buying from an online mob of...
The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. Reddit and Trump Media are the first social media companies to begin trading publicly in the last five years. They're also, thanks to the rabid reception among investors, the latest meme stocks.The toxic political divide in the U.S.
Nvidia, which many strategists say is in a hysterical bubble situation, trades at about 38 times its 2023 revenue Stock-market “bears,” the investors who want to bet against stocks, often do so by borrowing shares to sell and then buying them back at a hoped-for discount. With GameStop, it was a case of small-time rebels beating Wall Street institutions at their own game, turning the kind of stock-market quirks that hedge funds so often exploit against them. That game, as every wag predicted it would, eventually stopped:
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