Quite the indictment of our financial system that there's nearly $4 billion in capital tied up in a shell company that is going to merge with the money-losing social network run by the insurrectionist conman who keeps racking up hundreds of millions in court judgments against him.
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@maxkennerly is there a single thing in our society that is working well, for the benefit of all?
i cannot think of a single thing.
our justice system, our media, our healhcare system, our financial systems, our state department, it's all been turned into a money making scheme or a tool that rich people can use or destroy to ruin people's lives
It’s $4 billion of meme stock investor money though.
$4 billion!!
It must be insanely profitable!
Oh, It's losing money
Then it must have huge sales like an early Amazon on an upward climb!
Hmmm , maybe $10 to $20 million annualized
Ah, it must be sitting on top of a massive asset base like prime real estate or a juicy patent portfolio!
Nope. Hardly any physical assets, a meager user base compared to every other social media company, off the shelf technology.
It's either a meme stock, a con, a bribe, or the end of common sense
Max Kennerly
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Flaming Cheeto