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

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Mar 25, 2024.

  1. danmanne65

    danmanne65 GC Hall of Fame

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    Can you imagine the sec and individual investor lawsuits? It won’t be pretty. Everyone knows he isn’t selling though. He is going to get a loan on his holdings. Only question is, Russian money or Saudi money?
     
    • Informative Informative x 2
  2. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Hit a low of 13.5 today… that’s lower than DWAC traded as a “shell” company pre merger…
     
    • Like Like x 1
  3. CHFG8R

    CHFG8R GC Hall of Fame

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    To be fair, that's our entire election system.
     
  4. pkaib01

    pkaib01 GC Hall of Fame

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    only ~2x mean daily volume today, so not a dump event yet. That means worse is coming.
     
  5. AzCatFan

    AzCatFan GC Hall of Fame

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    With the awful financials Truth Social has, the only value the stock has is Trump winning in November. If Trump wins, you have a world leader in TS every day. Harris wins, and TS likely goes bankrupt, and quickly. And with current polls and betting markets favoring Harris recently, the stock is diving. Especially since now Trump can sell.
     
    • Agree Agree x 2
  6. oragator1

    oragator1 Premium Member

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  7. ursidman

    ursidman VIP Member

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    I’ve heard there have been some losses.

     
    • Funny Funny x 4
  8. NavyGator93

    NavyGator93 GC Hall of Fame

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    Wasn't Crispi the POS that mocked Walz's special needs kid?

    So not only a POS but ignorant and now broke. Perfect.
     
    • Optimistic Optimistic x 1
  9. oragator1

    oragator1 Premium Member

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    Down 6+ percent again today.
    Could be a function of some other insiders selling their shares. But below $13 right now.
     
  10. WarDamnGator

    WarDamnGator GC Hall of Fame

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    In the $12 range today… down 6%
     
    • Like Like x 2
  11. SotaGator

    SotaGator Senior

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    Closed today at $12.15
     
    • Informative Informative x 1
  12. channingcrowderhungry

    channingcrowderhungry Premium Member

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    Bottom of a pint glass
    Kind of looking forward to his epic meltdown when it gets delisted
     
  13. padigator

    padigator Freshman

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    I no longer feel any sympathy for all those who have been grifted. By now, if you are that stupid to invest in a known criminal and grifter then you deserve every bit of pain you get. Let this be a lesson to you!
     
    • Agree Agree x 5
  14. citygator

    citygator VIP Member

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    The user market is utterly undesirable by advertisers. The only people on their advertising are grifter supplement companies and Trump merchandise companies.

    Where Are the Trumpiest Ads? All Over Truth Social. - The New York Times (nytimes.com)

    In effect, Trump Media’s business is financed by right-wing merchants with relatively small ad budgets, including some that have been kicked off other social media platforms or are trying to jump on the Trump bandwagon. It has created what amounts to a closed-loop ecosystem: a Trump-centric site that depends on many ads by and for Trump loyalists. That contrasts with larger social networks, like Facebook and X, which run ads from Fortune 500 companies like Disney and Walmart, raising questions about how much Trump Media can grow.

    About half the ads that have appeared most frequently on Truth Social this year are for companies like Republican Dogs, which sells Trump 2024 flags, and Proud Patriots, which offers Trump T-shirts and related paraphernalia, according to data gathered by Konrad Iturbe, a researcher who has collected data on 851 unique ads on Truth Social this year. Other significant Truth Social advertisers include U.S. LawShield, which helps find lawyers for gun owners, and political action groups that support Mr. Trump’s presidential campaign.
     
    • Informative Informative x 1
  15. citygator

    citygator VIP Member

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    Lincoln project sums up Trump business very well.

     
  16. ursidman

    ursidman VIP Member

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    Stock in DJT moving as fast as Nividia did in the glory days.

     
    • Informative Informative x 1
  17. VAg8r1

    VAg8r1 GC Hall of Fame

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    • Informative Informative x 1
  18. G8trGr8t

    G8trGr8t Premium Member

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    • Informative Informative x 2
  19. G8trGr8t

    G8trGr8t Premium Member

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    Surprised it didn't drop further. Big buyer or broad base refusing to give up?
     
  20. oragator1

    oragator1 Premium Member

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    I think it’s more a relief rally that Trump didn’t dump out on them, I kinda asked above whether it would happen. We will see if it goes back to sliding once that momentum wears off. Might stabilize for a bit though.