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

Even revenue is down by about 25 percent this quarter though. They aren’t even growing. And the stock is trading at 2000 times earnings roughly, or 100 times or so what would be expected.
Just insane the hold this scam artist has over what might be otherwise rational people. And after the way short sellers got burned last time by the zealots, a quick descent to a rational price probably isn’t imminent. Trump will likely cash out with billions before it tanks.

 

Don't think of it as a stock. Think of it as a money laundering scheme and it all makes more sense.

 

One crazy stock. imagine investing a big chunk of your retirement account in djt and then tracking it.

ballpark % over last 3 months
>Up 75%.
>Down 70%
>Up 80%.
>And now down 12% and dropping.

 

the losses include pre-merger expenses that were not documented. I suspect that many of those expenses were payments to djt and other sin his circle like managment fees to trump resorts being paid while the company was going bankrupt

 

DJT is perhaps Trump's largest financial con and even if the stock ultimately falls to its true value he could still end making over a billion dollars with members of his gullible cult who were conned into purchasing nearly worthless stock out of loyalty to their Dear Leader left holding the bag.
Trump Truth Social investors are happily getting scammed to own the libs

 

I would miss my guess by a wide margin if some portion of the loss didn’t find its way into trump’s pocket.

 

The big intangible is if he becomes potus. He pushing past what’s legal and has a lifetime of going the route of “Let’s fight it in court forever”.

Trump as a DJT shareholder has 115 million shares which equates to like $5B and can have big swings based on price. What will he do as potus? Make a deal with Saudi Arabia and then wealthy prince invests $500M in djt overtime to keep it propped up?

Any of our stock-investing SMEs have any insights if he’s potus?

 

Just a guess if he is elected advertising revenue could presumably increase significantly possibly to the point where the platform actually becomes profitable. Personally, I wouldn't risk any money on the stock until it's share price drops to the single digits.

 

Yep, advertising on truth social could come to resemble what went on at trump’s DC Hotel. Foreign entities looking for favor may pour money into advertising instead of paying for rooms they never stay in.

 

I wonder how much of the value is based on foreign actors buying access.

 

I would replace wonder with strongly suspect

 

It seems a big investment for a possibility.

 

It’s down over 10 percent again today. Hasn’t yet touched the lows of a few months ago, but getting close.
This drop seems largely precipitated by the sale of additional shares, diluting the value. But it will be interesting to see if someone steps in again to save it. i am sure the short sellers are weary, so any drops past resistance points may need to be more organic this time.

 

I saw some hypothesize that the majority of shares are being purchased to boost the stock price for Trump to profit when he can cash out. Then, when he's president they can show him how many shares they bought and thus, how much favor they are owed. Sadly, I would believe that m.

 

or how many they could dump if he doesn't jump as high as they want which would then tank the value of whatever he has left

 

Third month in a row of declining users for a start up is not good.

Trump’s Truth Social network records second-worst audience decline | Donald Trump | The Guardian

Truth Social platform experienced a third straight month of audience decline in June, a leading analyst of rightwing media said, detecting signs of “trouble at the ballot box” for the Republican presidential nominee.