Trump Media/Truth Social and DWAC merge under the new ticker DJT...

has a stock been impacted by politics? A company can be impacted which will drive the stock. Maybe a boycott of Target or Anheuser-Busch-Bud Lite. But not sure “trump media & technology group” stock maintains momentum because maga buys the stock or libs make it drop by mocking it. It quickly depends on how the product performs. Does anyone use Truth? Can those platforms even gen enough revenue? X/Twitter has struggle how to create profit for years.

 

Objectively, Truth Social is overvalued with little to no hope of ever turning a profit. It's highly unlikely to attract users aside from the far right and it's not an attractive platform for advertisers.

 

The SEC may have something to say about that. Elon got in serious hot water with his claim that he intended to take Tesla private @$420/share. Can’t be misleading investors - er rubes…

 

I don't think Trump's liberal opponents really have to talk the stock down; the numbers speak for themselves. I do think the stock would have and should have dropped much more were it not for members of the Cult of the Donald who are purchasing the stock because they worship their Dear Leader regardless of DJT's financials. There may also be affluent investors who realize that the stock is grossly overvalued but are still purchasing it to prevent the price from falling even further as a way of making backdoor donations to Trump.

 

Trying not to take a swing at that softball.

 

lol, short sellers are paying a 700 percent premium and to date they’ve still made money.

https://www.cnbc.com/2024/04/03/trump-media-is-the-most-expensive-us-stock-to-short-by-far.html

 

Down another 10 percent today.
Probably still overvalued 10 times over.

 

Down 36% since debut. Maybe Elon will buy it? He has a history of fixing social media platforms.

Trump Media Spirals as 37% Dive From Debut Close Erases Billions

Trump Media & Technology Group Corp. has wiped out some $2.8 billion in value as some of the retail traders who frantically bid up the stock last month began to sell.

The social media company that’s mostly owned by former president Donald Trump has slumped 36% from its close on March 26. The stock fell below the level it was trading at on March 22, when investors approved its tie-up with the blank-check firm, Digital World Acquisition Corp.

 

Looks like a classic pump and dump to me. A bunch of rich people made a lot of money and a bunch of rubes are gonna lose their shirts.

 

Same as it ever was

 

And it seems to be happening unusually rapidly.
Trump’s media company loses a third of value after initial surge in trading
Trump no longer on Bloomberg Billionaires Index after Trump Media dip

 

Headline makes it sound worse for him that it is. The dip in stock value has made his net worth "only" $4.7 Billion while the Bloomberg Billionaire index starts at $5.82 Billion.

Still in theory has plenty of money to settle his legal penalties and pay his attorneys without bleeding his supporters dry, but we know that's not his style.

 

Almost every IPO has been lately. Reddit is down 10% so far. Institutions make their money out of the gate and the plebes get the overvalued leftovers. Anyone buying an IPO is a rube. Check this out. Down 35% isn't so bad compared to many. There are some winners, but far and few between.

All 2023 IPOs - A Complete List - Stock Analysis

 

And this thread is a trip. I loathe Trump, but the same libs on here making fun of a guy for creating at worst case hundreds of millions think Obama is a financial whiz for raking in tens of millions speaking and signing books.

BTW, Let me know when Biden earns his first dollar.

 

I stand corrected. Honestly, I haven't followed it at all. I'm not active on any social media platform and it's probably the last stock I'd invest in.

 

Yeah, he hasn't "created" hundreds of millions of value. The company lost $50 million on less than $4 million in revenue. It has a shrinking customer base (not exactly what you want for a start-up in a platform market). It has no interesting IP or monetization strategy. What it has is a pathway to corruption. That is really it. I guess you can call that a "creation" if you want.

 

Obama and Biden are not the first former politicians who "raked in tens of millions" for speaking engagements and signing writing books. In case you may have forgotten the losing vice presidential candidate and half-term governor of Alaska was making quite a living giving speeches and from the sale of a book largely purchased by conservative organizations and given away or sold at a loss. Her compensation for a single one hour speech was almost as much she was paid per year when she was governor. By the way this guy earns far more giving speeches than either Obama or Biden did Joe when was a private citizen.
The staggering scale of Donald Trump’s speaking fees