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

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?

 

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

 

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

 

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.

 

I’ve heard there have been some losses.

 

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

So not only a POS but ignorant and now broke. Perfect.

 

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

 

Closed today at $12.15

 

Kind of looking forward to his epic meltdown when it gets delisted

 

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!

 

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.

 

Lincoln project sums up Trump business very well.

 

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

 

creative geniuses that convinced djt to open a social media company cashed out all of their shares as soon as they were legally allowed to


Trump Media shareholder UAV dumped nearly 11 million shares (msn.com)

 

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

 

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.