https://www.washingtonpost.com/technology/2024/04/...

Great article, thanks! We are witnessing Economic Natural Selection in action...

"Billionaire media mogul Barry Diller called Trump Media a scam stock bought by dopes."

"Jerry Dean McLain first bet on Trump’s Truth Social two years ago, buying at $90 a share. Over time, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.
That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday.
“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

Now its $26 a share, down 18% today alone...

Oh it's going to explode alright!

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