this post was submitted on 01 Apr 2024
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United States | News & Politics

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Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss (www.cbsnews.com)
submitted 9 months ago by ylai@lemmy.ml to c/usa@lemmy.ml
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[โ€“] atturaya@lemmygrad.ml 5 points 9 months ago (1 children)

headlines like this are always so silly. it's a shitty meme stock that went up for a single day and has been down ever since. it "gained" 4 billion for like a single day.

[โ€“] Adkml@hexbear.net 5 points 9 months ago* (last edited 9 months ago)

I think they're good because it really highlights that "the rules are made up and the points don't matter" is actually a better description of our economy than anything an econ student could come up with.