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Re:Tesla is under a federal wire fraud probe for misleading ... by rsynnott on Thursday May 09, 2024 @09:33AM (#40308057)
The Trump stock is almost the platonic ideal of a meme stock; just a stock ticker for people to gamble on, without the inconvenience of an actual company attached to it.

Traditional meme stocks (GameStop, Bed Bath and Beyond, AMC, arguably Tesla) have a large, poorly-run company attached, which is really extraneous to the stock's core purpose, that of ensnaring day-traders.

I mean, it's _possible_ the Trump one is driven by the bribery angle, but common things being common it may just be a very compelling meme stock, sharing as it does the name of a meme president.

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