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Well, they had their chance. Truth Social – – basically Twitter without censorship – – fumbled their launch horribly. In the months that have transpired in which they couldn’t get their act together, something extraordinary happened, and in missing the boat, they have seen their stock (DWAC) absolutely crumble.
Well, it’s a double entendre. For one thing, obviously, the free-fall in equities got utterly short-circuited, and stocks went raging higher today. I am actually cool as a cucumber about this whole thing. 100% of my positions are profitable, and I lightened up early, as I stated both here and on Twitter. Of course, you can imagine the reaction.
Since this is THE week for tech earnings, this seems appropriate. As described by the maker:
Well, just like that gross guy Dave Portnoy’s gambling outfit has gone all to hell, likewise the gambling giant Caesar’s, whose entire existence is predicated upon sucking dry the wallets of the lower-middle class in a desperate attempt to win a few bucks, has topped out.
