“Are people buying this company, this stock because they think it’s got inherent value or because they want to demonstrate support for Donald Trump? They are not making the money yet. Maybe they do in the future but it is hard to justify the valuation with what we’ve seen today. I think it’s almost like a meme stock, and that’s the way it’ll play out. It’s a bet on whether Trump wins or loses in November of this year. If he loses, I think the stock goes way down. If he wins or looks like he’s going to win, I think the stock does well because then Truth Social will do well.” – Fox Business host Stuart Varney.
Fox Business Host Warns Trump’s ‘Meme Stock’ Will Tank if Biden is Re-Elected https://t.co/FWnfNfkJvP
— Mediaite (@Mediaite) March 26, 2024