, Columnist
Trump Media’s Business Doesn’t Matter
Also pranks, insider trading, more insider trading and bad workplace texts.
What if fundamental analysis of stock prices was a temporary phenomenon? I have previously written my half-joking history of stock markets in three eras:
I said that the third era started “like three years ago,” because that’s when GameStop Corp.’s stock went to the moon and inaugurated the era of meme stocks, stocks that trade purely on sentiment and attention rather than anyone’s views about fundamental value. But really I think the third era started a bit earlier, with cryptocurrency. I once wrote: