Your point being? 
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As Ringo once asked, “what money?”
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Maybe Elon Musk would buy it
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About the size of the small end of nothing sharpened?
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Even Elno can’t get that stoned.
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Exactly! Even there, its nominal market cap is a bit over $5B. Rookie numbers!
Drive it down relentlessly. It has to be worth less than $500,000.
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You misspelled “zero”
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Oh gods. Even as a joke it’s absurd - I can’t even imagine how that meeting went down. (But I wish I could have seen it.) Trying to convince Elno to buy a Mastodon instance with huge debts and running costs and no users, that Elno claims is no longer necessary because he has reinstated “free speech” at Twitter. “Lead balloon” doesn’t seem to cover it - it must have gone down like a dwarf star matter balloon.
It’s worth less than nothing - it’s a series of grifts stacked on top of each other, not a functional business. The revenue is a small fraction of the costs, both of which are dwarfed by the interest from the loans it’s saddled with. So even if they drop costs, and through some miracle stabilized their falling revenue, they’d still be in the red before paying off the loans. It’ll only last as long as money is getting pumped into it - which is probably until just after the election. (At which point Trump will move back to Twitter and that’ll be the end of it.)
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At what level does the stock get de-listed from the exchange? Diving straight to that point should be good enough.
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You’re getting a lot of use out of this one today. 
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The market cap extrapolation from the value of some shares being negotiated now is always misleading, even more in this case, where there is no clear profitability path.
It is not only a form of lazily trying to report something interesting about a company from the media but also a form of propaganda to spread the idea that the market is always right (or corrects itself when it is not (except when it doesn’t)).
As you mentioned, it is now mostly people trying to bet against it versus people who think there might be a way to artificially inflate the price to make some money when the opposing side has to pay its bet (and is completely unrelated to the company performance or anything else).
The value is mostly constrained by the low volume of trades being done, and even if the share value is kept artificially high, there is no way that it can hold when trump starts dumping his shares to cash the money.
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on the blockchain?
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My guess? The main buyer of stocks right now are:
- Foreign oligarchs looking to own a wannabe mob boss for shits and giggles
- Right wing billionaires using their chump change
- Incompetent con men forced to buy what they “sold”
- John Barron, hoping others will see the trading and follow his lead
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Now the fun will be watching them play Jenga with the stack of grifts. Who pulls out some money before the whole thing collapses?
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Hahahahah! He’s even grifting his own apprentices. This is so delicious.
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