Trump Media fell 14% yesterday, part of an ongoing slide that's seen the company lose a third of its stock price in days and wiping out the gains of investors who led it to a spectacular valuation just weeks ago. Unreal from the outset—it amounts to Truth Social, an off-the-shelf Twitter clone for Trump fans with no revenue or prospects for user growth—at one point Trump Media had a market cap of $8bn. — Read the rest
Reality is catching up with Donald Trump's Truth Social. The company that owns it has delivered its first full-year financial results and they're about as wonderful as a Lara Trump song.
As reported by Forbes' Derek Saul, Trump Media's stock (DJT, because of course it is) nosedived 25% after revealing paltry revenues of $4.1 million and a net loss of $58.2 million for 2023. — Read the rest
The analysts at a group that uses machine learning and natural language processing to analyze the market predict a massive correction in TSLA's price per share that will also sadden r/wallstreetbets careful and pragmatic traders. In New Construct's model, TSLA shares many characteristics with "zombie stocks," poorly managed companies burning cash at an alarming rate, and serves as a bellwether for the sector. — Read the rest
Expert in Judaic Space Laser targeting, and a QOP stalwart, Rep. Marjorie Taylor Green invested in a shell company intended to take Trump's new social media network public. The value of those shares has fallen by around 60% in just a few days. — Read the rest
Twitter has launched "Super Follows" on iOS. The feature lets users charge for subscriber-only content, and mimics the subscriber model used by Patreon, Substack, and other platforms.
The feature is currently only available test group of people in the US. — Read the rest
A world filled with scandal, sex, intrigue and gossip, it would be peopled by schemers and dreamers who manipulate, lie and cheat their way to selfish ends – while looking fabulous.
That's the world view of the tabloids, and they see quotidian events through this warped and color-saturated lens, turning cold reality into their super-heated vision of the planet as the stage for a high-budget soap opera with top production values.
Spoken Word with Electronics is an audio series delivering to you a two side recording of unusual stories paired with vintage modular electronic sounds
Hi, everyone. Welcome back to the show. This week we get down to the serious question of the day: Do you ever hear bubble wrap in your pockets? — Read the rest
Author Ben Mezrich has already sold the movie rights to MGM for his book proposal The Antisocial Network about the rogue retail investors of r/wallstreetbets and the stonk market chaos surrounding GameStop, AMC, Koss, and now silver. Interestingly, Cameron and Tyler Winklevoss are executive producers. — Read the rest
Saturday Night Live's 46th season resumed on Saturday, Jan 30th, after the Christmas break with Kate McKinnon playing herself interviewing Rep. Marjorie Taylor Greene (Cecily Strong), a GameStop investor (Pete Davidson), Jack Dorsey (Mikey Day), Mark Zuckerberg (Alex Moffat), O.J. Simpson (Kenan Thompson) and Tom Brady (John Krasinski) discussing current events. — Read the rest
Ah, yes, another case of mistaken social media handle identity.
The World Wide Robin Hood Society, based in the heart of Sherwood, Nottingham, England, has a bunch of new followers on Twitter.
CNN's Brian Fung observed, "People appear to be following @robinhood en masse without realizing that the handle belongs to the Robin Hood society in the UK, not the stock trading platform." — Read the rest
Two billionaires are bailing out Melvin Capital, a firm that has lost a ton of money shorting GameStop. Stepping into a fight with a social media whirlwind is line of duty no.
Steve Cohen's Point 72, Ken Griffin's Citadel, and other partners are plowing a total of $2.75 billion into Melvin Capital, the hedge funds said on Monday.
This is it. The console wars are back – and this year might be the most blistering, savagely-fought engagement ever between bitter rivals, Sony and Microsoft. Sony's PlayStation 5 and Microsoft's Xbox Series X consoles have been slowly dribbling their way into players' hands the past several days, triggering massive store runs and sold out notices to kick off the fierce holiday shopping season. — Read the rest
Bandai Namco owns the trademark and copyright in classic arcade game Ms. Pac Man, but a retro hardware company named AtGames has acquired rights to collect royalty payments on it.
It's the end of a geeky era: After 19 glorious years of flogging movie, comic book and gaming-related swag, ThinkGeek is shuttering its website next month.
