Scalzi on Nostr: People are buying this stock not as a solid investment but as a symbol of allegiance, ...

People are buying this stock not as a solid investment but as a symbol of allegiance, which is cult thinking. The stock is massively overvalued and these small retail investors are going to end up taking a bath that they can't afford to take. They're going to lose their retirements, all for a man who would loathe them individually and to whom their only value is the money they can give them. They're not even being (actively) defrauded. They're doing it to themselves.

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNzEzMTUzNjAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNzE0NTM1OTk5LCJpYXQiOjE3MTMxNTM2MDAsImp0aSI6IjA1ZDM5NTcwLTFmZWUtNDM1MC05MTNiLWNhYjRkOWY2YmI3ZSIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS90ZWNobm9sb2d5LzIwMjQvMDQvMTQvdHJ1dGgtc29jaWFsLWludmVzdG9ycy1mYWl0aC10cnVtcC8ifQ.NYOGXlrMhaG0zFW-9kwpWcjCV2_1gTWnqKaPObVb6b4