this post was submitted on 05 May 2025
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Not forever, obviously. But a lot of very small portfolio investors have bought meme stocks in enough quantities to prop up the price for a while. Take DJT, the Trump media stock. The company made less than one well-paid lawyer last year and has no serious business prospects, yet the price goes up. It sure as heck isnโ€™t berkshire hathaway or some big institutional investor buying THAT hot garbage. If someone who rolls coal owns stock in Tesla, itโ€™s not because they believe in decarbonizing the economy; they liked Muskโ€™s nazi salutes and nazi tweets and his proximity to trump. โ€œOwning the libsโ€ is not a tested investment strategy, but my personal opinion is that a whole lotta small-time investors will lose their (very modest) life savings when the stock price of these BS companies eventually collapses.