#malinvestment — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #malinvestment, aggregated by home.social.
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it would be hard to think of a more obvious example of #malinvestment than a bunch of companies rushing to turn themselves into vehicles to use borrowed money to buy bitcoin a la #MicroStrategy.
just in the past few weeks we've seen #HowardLutnick's sons launch one of these things with #Tether, MicroStrategy continuing to borrow and buy billions, #Metaplanet and Semler Scientific getting in on the action in a smaller way, this new David Bailey grift, and just yesterday the CEO of #Strive launched a plan to raid profitable companies with free cash and use their cash to buy bitcoin: https://x.com/thomas_fahrer/status/1920274883856249046
(we've even seen a logistics company announcing plans to borrow money to buy #TRUMP memecoins!)
https://www.theinformation.com/articles/david-bailey-advised-trump-crypto-plans-bitcoin-investing-firm#DavidBailey #michaelSaylor #stockmarket #capitalism #uspol #uspolitics #TrumpCoin