The company has no revenue or earnings.
Does anyone think for a second that any programming or platforms created wouldn’t start generating revenue in seconds?
This event is more akin to funding by venture capitalists than an IPO.
I would think Forbes would know better.
Sure, some sold at $175 but how many shares? The market eventually will speak.
Your points are good.
I think the thing about Reddit meme stocks is that some of those folks are “true believers.” Not in the company, per se, but in buying and holding the stock. For God’s sake, GME is still way above where it should be.
FR folks who bought in are true believers in anything Trump. They aren’t selling anytime soon.
I would just warn people about Trump ventures...not all of them succeed. Not a judgement on the man...but an assessment of the Football Team, the Airline, the Wine company, the casinos, etc.
If you are putting any of your savings into this, be aware and careful. As I have written in a similar vein about crypto gains...you never go broke taking a profit.