I wonder if there’s actual serious investors valuing it that high, basing it on the possibility of a Trump win in the presidential election? Trump comes to power, does all his crazy fascist things and becomes dictator-for-life, and Truth Social becomes THE state media. Stock in in any other media company becomes worthless when Trump starts using the power of the presidency to shut them all down and we’ve only got one state-owned media company reporting on everything. It’s scary, but as an investor it might make a certain amount of sense.
Given how much government money was spent at mar-a-lago it’s not at all absurd to say that part of the market price is based on the speculation of DJT receiving favourable government treatment/contracts if we see a second Trump term.
I’d be curious to see how tightly polling correlates with DJT market value. It’s basically a corruption perception R2 index.
I wonder if there’s actual serious investors valuing it that high, basing it on the possibility of a Trump win in the presidential election? Trump comes to power, does all his crazy fascist things and becomes dictator-for-life, and Truth Social becomes THE state media. Stock in in any other media company becomes worthless when Trump starts using the power of the presidency to shut them all down and we’ve only got one state-owned media company reporting on everything. It’s scary, but as an investor it might make a certain amount of sense.
Given how much government money was spent at mar-a-lago it’s not at all absurd to say that part of the market price is based on the speculation of DJT receiving favourable government treatment/contracts if we see a second Trump term.
I’d be curious to see how tightly polling correlates with DJT market value. It’s basically a corruption perception R2 index.