Final Week Tonight’s John Oliver broke down how the Fact Social meme inventory is a reverse GameStop.
Oliver mentioned after two Trumpers defined why to however the DJT inventory:
You gotta love dudes. Look, in a approach, they’re proper, although. Fact Social is principally a meme inventory now. And its worth has risen based mostly on the identical precept behind meme shares like GameStop or AMC. If sufficient buyers purchase shares, they’ll drive the value up, and everybody can one way or the other get out earlier than the bubble bursts.
However the GameStop motion was no less than nominally about wresting monetary energy away from from s*itty wealthy a**holes and restoring it to the little man, whereas this motion is about funneling the little man’s cash on to the sh*ttiest wealthy a**gap there’s. And it’s been pushed the identical approach as different meme shares by social media posts like this one that claims, in the event you love America, purchase DJT now, or this one studying, keep calm and purchase extra DJT, to my private favourite, this one which promotes the inventory alongside an eagle formed erection that jizzes glitter, which is smart, I suppose.
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Fact Social is type of like a penis in that a whole lot of unhappy males on the web spend their time mendacity about how huge it’s and what it will possibly do for you. Look, who is aware of precisely the place this may go. Fact Social’s worth might collapse when individuals notice they’ve poured billions of {dollars} right into a potato with the phrase social media painted on it.
Though, if that occurs, I’m guessing Trump could have already cashed out, leaving his supporters holding the bag. Nevertheless it’s additionally doable that Trump turns into president once more and holds onto the platform as a handy approach for firms and international pursuits to funnel cash into his pockets, which all of them know he wants.
However the backside line right here is that this yr greater than ever, every part Trump does goes to be a money seize. This yr has introduced one of many few instances he’s truly been requested to. pay the value for his actions, however already he’s bought different individuals footing the invoice.
Video:
Fact Social is a con. It’s an empty firm that produces nothing and gained’t launch the information on the variety of customers who on the positioning. All the things about Fact Social is a purple flag. Oliver was proper. The place this goes possible includes Trump cashing out and leaving his supporters broke and holding the bag.
It’s a film now we have seen over and over. Trump skates away and his sucker supporters are left holding the bag and choosing up the items. So long as individuals are keen to bail Trump out with their very own cash, he’ll proceed to grift for acquire.
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Jason is the managing editor. He’s additionally a White Home Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelorâs Diploma in Political Science. His graduate work targeted on public coverage, with a specialization in social reform actions.
Awards and Skilled Memberships
Member of the Society of Skilled Journalists and The American Political Science Affiliation
