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vegeta@lemmy.world to News@lemmy.world · 1 year ago

Trump Media tells shareholders how to block their DJT stock being loaned to short sellers

www.cnbc.com

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Trump Media tells shareholders how to block their DJT stock being loaned to short sellers

www.cnbc.com

vegeta@lemmy.world to News@lemmy.world · 1 year ago
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The price of DJT has sharply fallen in recent weeks, cutting billions of dollars in value from Trump Media shares held by Donald Trump and others.
  • Brave Little Hitachi Wand@lemmy.world
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    1 year ago

    Yeah, because “not lending to short sellers” sure saved GameStop.

    • CaptainSpaceman@lemmy.world
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      1 year ago

      Company is profitable, has a billion dollars in the warchest, and has zero debt

      Seems like its working to me

      • Brave Little Hitachi Wand@lemmy.world
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        1 year ago

        I’m as happy as anyone about all that, but the DRS movement hasn’t had the effect that was hoped for exactly, has it?

        • chunkystyles@sopuli.xyz
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          1 year ago

          GME folks are fucking Looney Toons. In ten years they’ll still be trying to figure out how to own the float. Whether or not GME even exists by then.

          • JimboDHimbo@lemmy.ca
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            1 year ago

            Idk wtf a GMS is, so you’re probably right.

            Ya Goof.

            • chunkystyles@sopuli.xyz
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              1 year ago

              Yep, you got me, got GME and DRS mixed up a bit.

        • CaptainSpaceman@lemmy.world
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          1 year ago

          In what way? Stock price? Doesn’t matter until 100% drs

          • Brave Little Hitachi Wand@lemmy.world
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            I used to follow the ticker, but now I can’t even remember how many I’ve got. Not as emotionally invested anymore, but still in.

            • JimboDHimbo@lemmy.ca
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              I’m in, and I’m zen. Well, more “calmly insensed at financial institutions.” I enjoy knowing that I’m costing hedge funds money more than I enjoy thinking about theoretical gains at this point.

              • Brave Little Hitachi Wand@lemmy.world
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                1 year ago

                I sign Lauer’s petitions and read the quarterlies, but that’s about all I do. I can’t go around being angry all my li-

                Well I can and do… But I need variety. If I never sell, fine. I own a tiny piece of a “moment in time”.

      • soratoyuki@lemmy.world
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        1 year ago

        How big are your bags?

        • CaptainSpaceman@lemmy.world
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          1 year ago

          Idk, just accruing and DRSing as much as I can

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