LogFAQs > #966259238

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TopicStock Topic 37
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07/01/22 1:04:30 PM
#188:


It won't go to 0. Too many funds long on it and it's financially stable for a few years based on cash on hand and cash burn. It had huge resistance at 1.90 before Tyde. I think $1 is probably the floor.

I've read theories that there is a huge player in on this wanting it to fail. The market maker susquehanna has a 15b stake in Tik Tok so trying to bankrupt alternate short video format stocks would make sense I suppose? The FCC advised a ban on Tik Tok and a decision would in theory be made by Apple and Google next week. Could send it. I don't know. But yeah. This is shadier than I was expecting coming into the stock I gotta say. And I was expecting a lot. Lol.

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