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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. obgator

    obgator GC Hall of Fame

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  2. VAg8r1

    VAg8r1 GC Hall of Fame

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  3. VAg8r1

    VAg8r1 GC Hall of Fame

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  4. enviroGator

    enviroGator GC Hall of Fame

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  5. WestCoastGator

    WestCoastGator GC Hall of Fame

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    Textbook pump and dump.
     
  6. pkaib01

    pkaib01 GC Hall of Fame

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    Halted again today for a short while. A big sell order.
     
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  7. channingcrowderhungry

    channingcrowderhungry Premium Member

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    Bottom of a pint glass
    probably Trump dumping his shares
     
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  8. G8trGr8t

    G8trGr8t Premium Member

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    elon getting out?
     
  9. VAg8r1

    VAg8r1 GC Hall of Fame

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  10. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Also interesting is that they unexpectedly "snuck out" their earnings report after the bell, probably hoping it gets lost in the election news ... they have lost $363 million with just $2.6 million in revenue YTD ... that is absurd.

    I wonder if this report leaked and caused the crash or if it was election jitters.
     
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  11. G8trGr8t

    G8trGr8t Premium Member

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    some major grifting going on there..where is the cash coming from to keep it afloat? Did the original merger provide hundreds of millions in liquidity for them to plunder at will?
     
  12. sflagator

    sflagator VIP Member Trusted GC Insider

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    Those are John Ruiz-type numbers. Quite an accomplishment
     
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  13. VAg8r1

    VAg8r1 GC Hall of Fame

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    I'm not sure that the earnings report made any difference. The company was expected to show huge losses with the only question being how large of a loss. I still attribute the drop in the stock price to the expectation that the Donald will lose the election.
     
  14. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Yes, I believe that's the case. DWAC was a "shell company" funded by speculative investors, so when they merged, Trump media took control of that cash.
     
  15. enviroGator

    enviroGator GC Hall of Fame

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    Huge losses, yes, but $2.somthing in revenue ..... wow... that is pretty damn sad.

    Tech stocks almost always bleed red early on, but they are at least making money.

    What this tells me is that Trump is paying himself about $200 million per year.

    Just like he did with all his failed buisnesses, he pays himself and family bigly even as the company circles the bowl.
     
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  16. CharlestonGator

    CharlestonGator Premium Member

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    I wouldn't put too much stock into that IMO. Made sense there was a large sell-off late in the afternoon session (after big run-up) and in early after-hours b/c you have to have balls of steel/or be crazy to want to hold that overnight. Profit taking by daytraders too. Currently, (7:35pm) its back over $41 (huge swing up--over high of day). I bet we see violent swings both ways.

    May be wrong, but I still would rather be in Harris' shoes right now....
     
    Last edited: Nov 5, 2024 at 8:10 PM
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