The investment related to Trump's media, referred to as a meme stock, is predicted to face a decline in valuation soon. Drawing insights from past meme stocks like AMC and GameStop, the speaker anticipates a similar fate for this investment, with a possibility of becoming a single-digit stock within the next 60 days. The theory of loss aversion by Daniel Kahneman is highlighted, suggesting that despite support for Trump, investors may prioritize safeguarding their money. The continuous financial losses may lead investors to reevaluate their positions and potentially lead to a significant decrease in the stock's value. The speaker emphasizes that the constant decline in investment value could prompt investors to question their decisions and potentially disinvest from the stock, leading to a return to earth similar to other meme stocks in the past.
Kara and Scott discuss the new plan to fast-track the TikTok ban bill through Congress, the debate over Caitlin Clark's WNBA salary, and Trump Media's questionable move into streaming. Then, Tesla is asking shareholders to reapprove Elon Musk's multi-billion dollar pay package, despite a judge calling it unfair back in January. Will Elon get his way? Plus, NPR and Google are the latest companies to get publicly called out by employees. How should employers handle criticism and pushback from within? Finally, a listener mail question about who really benefits from dual class stocks.
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