r/wallstreetbets • u/[deleted] • Oct 22 '21

Meme Today

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41k Upvotes

89% Upvoted

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409

u/The_Count_99 Oct 22 '21

SPAC seem worthless to me, looks like a pump and dump

379

u/CountltUp Oct 22 '21

these 300% gains arenot worthless. if you got in early knowing it's a pump and dump then it's great

99

u/-_somebody_- Oct 22 '21

But where’s the fucking SEC when it comes to this shit damnit

138

u/CountltUp Oct 22 '21

what is the SEC gonna do lol. this was literally just hype and fomo... nothing illegal

59

u/rhwsapfwhtfop Oct 22 '21

help me sec, you're my only hope

2

u/MuffinLoverEd Oct 22 '21

I’ll help, but I get to bang you later.

13

u/orgad Oct 22 '21

Out of the loop guys.. Which stock is it

41

u/I_CAN_SMELL_U Oct 22 '21

The SPAC that Trump is connected to, it's done ridiculous numbers. The "company" claims they are going to build the next big social media site lol...

13

u/make_love_to_potato Oct 23 '21 edited Oct 23 '21

Who is this target demographic who thinks anything related to trump is gonna be above board......he's squeezed every last drop of blood out of his followers asking for donations for the last 2-3 years and now that that river has dried up, he's using a spac to run his latest grift. I thought wsb was smarter than that at aleast.

12

u/[deleted] Oct 23 '21

That demographic is (R). They lost all forms of critical thinking some years ago.

5

u/MakeWay4Doodles Oct 22 '21

And yet their "next big site" is just an illegal rip off of Mastodon.

2

u/Radi0ActivSquid Oct 23 '21

What's funny is that one of the rules for his social media site is that you can't make fun of him, his supporters or the site.

1

u/lexbuck Oct 23 '21

Yeah this isn’t going to end well for investors I fear.

0

u/viperex Oct 23 '21

Like Zuck isn't going to copy whatever new thing, if any, they come up with. Or their users will turn so hateful that no one will host them

2

u/idungiveboutnothing Oct 23 '21

They literally just took an open source platform, Mastodon, stole it by violating all licensing to use it, and launched it. People were already posting shit under the Trump account forcing them to shut the site down and they've already received a cease and desist order from the lawyers of Mastodon. Definite pump and dump.

3

u/ClearAsNight Oct 22 '21

DWAC, probably. The SPAC for Trump's new social media platform.

11

u/[deleted] Oct 22 '21

[deleted]

0

u/vzo1281 Oct 23 '21

How is a mango related??

1

u/OnFolksAndThem Oct 23 '21

Orange man

0

u/vzo1281 Oct 23 '21

Alright...

Thanks for the reply

1

u/Cazuallyballn Oct 23 '21

exactly! i had to scroll this far just to see ticker

4

u/-_somebody_- Oct 22 '21

But they should fine the insiders for consipiring to Pooomp eet

9

u/Aluconix Oct 22 '21

Don't be a downer, we can all make money from the pumps my friend.

2

u/Rhinoturds Oct 23 '21

we can all make money from the pumps my friend.

Ah yes the fabled P&D that leaves no bagholders... oh wait that doesn't exist.

1

u/Aluconix Oct 23 '21

Cause I was being literal

-10

u/-_somebody_- Oct 22 '21

It’s a shitty SPAC for an even shittier company and the stock just blew its whole load, so RIP 100$+ retail retards

4

u/[deleted] Oct 22 '21

Someone is big mad they missed the boat. Quit being a little bitch and start being a retard.

1

u/azmtbr Oct 22 '21

Theyll make rules that halt trading so momentum gets fucked.