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https://en.infomaxai.com/news/articleView.html?idxno=98355
Opendoor Technologies’ meteoric rise as a meme stock faces skepticism from analysts, who warn that the $82 price target is unrealistic given the company’s declining revenue and ongoing losses, with experts citing macroeconomic risks and unsustainable valuation multiples.
people seem unaware that Bill Pulte, #Trump’s head of the Federal Housing Finance Agency (#FHFA) & the guy who accused #Fed Chair #LisaCook of #mortgage fraud, is/was a major player in the cult of Bed Bath and Beyond stock (ticker #BBBY, and yes, that’s a real thing).
pulte's maybe even worse than a crypto grifter. there’s a great doc "Cult of the Dead Stock" about the situation. i actually think it’s kind of a rosetta stone for understanding the world in 2025.
tl;dr after BBBY blew up a cult grew up around the idea that BBBY would somehow come back from the dead and make BBBY shareholders (whose shares no longer even existed - DTCC deleted them) rich. pulte, whose family business was in trouble, swooped in to the scene to convince the BBBY cultists to give him their money. he was at least somewhat successful.
* Cult of the Dead Stock: https://www.youtube.com/watch?v=C5Bd6YxifCo
* Rolling Stone: https://www.rollingstone.com/politics/politics-features/trump-bill-pulte-housing-bbby-meme-stock-1235295044/
#BillPulte #MAGA #Corruption #uspol #uspolitics #memestock #capitalism #memestocks