Originally published at: https://boingboing.net/2024/04/01/reddit-stock-sliding-after-hot-launch.html
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I haven’t sold my shares yet, but I didn’t exactly buy a ton. I own 5 shares, lol. I could have made a quick $100+ if I’d sold on day 1. I’d still make about $60 if I sold right now, but I’m just gonna hold it for awhile.
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Truth Social (DJT) makes RDDT look like a safe bet. It’s already down 25% today.
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Hopefully, you can make a little cash, but I just don’t see how any of these things are going to be profitable and stable as a stock. 
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For context, mastodon.social has more users than Trump Social, and operates on like 350k euro in donations. And they’re developing the software!
There’s a phenomenal grift here, or maybe grifts all the way down.
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You gotta know when to hodl 'em…There’ll be time enough for valuation when the deal is done.
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