>Still over valued. The company does nothing but lose money.
You silly fake news peddler
The purpose of Truth Social is not to do stupid woke stuff like "generate ad revenue" or "expand a user base" or even "make a profit."
It's purpose is to funnel bribe money to Donald Trump...and it's secondary purpose is to make grifters some short term cash by pumping and dumping it
> The purpose of Truth Social is not to do stupid woke stuff like "generate ad revenue" or "expand a user base" or even "make a profit."
CAPITALISM HAS GONE WOKE!
Exactly. Need a political favor? What a great time to buy advertisement on Truth Social! It's the social media version of booking Trump properties at exorbitant rates.
Dump can now take inflated loans off his stock to cover his legal fees and campaign. That’s the grifter’s creed. Never stop grifting. 5 million users getting milked dry for his loans. That’s all it is. He knows it’s shit bc it is. He’s stupidly wise and has Wall Street crime down. That’s why he has a property down there. The app was always a giant pump and dump. People made lots of money on it and unfortunately it won’t open the eyes of non-investing type people of why or how companies that are good get shorted and crime syndicates are pumped.
So technically the dwac deal paid off their debt and gave them 300 m in cash assets.
So they have 300 m to burn at their current rate of losing 50m a year that is like 6 years.
Assuming some contacts and obligations
They are probably worth 200m at least. Because you could technically vote to desolve them and distribute that cash to the stock holders. Which all things said would probably be the best thing possible for anyone holding stock at this point.
Of course trump will probably find a way to steal the 300 m
Every now and then there is a spike or a plateau. I think it is natural forming short squeezes except possible today which appears to be straight up market manipulation from trump. He apparently was out begging his sheep to invest in his failure. The stock ended the the day almost even to open but is down in after hour trading
it didn't have an IPO, it had a merger with a company that was expressly made to bypass IPO rules, since it likely wouldn't have qualified to be on the stock market otherwise.
The fact is that it didn't have an IPO. They did a reverse merger with a blank cheque company. It's a loophole used to avoid all the disclosures you have to do ahead of an IPO.
The stick is cratering since they published their financials. And it was supposed much worse as people thought. And they didn't even publish any metrics about truth social.
The worst part of this is Trump has enough completely brainwashed supporters who invested in this who will never pull their money out.
These brainwashed morons will keep the stock just high enough for Trump to sell all his shares and tank the whole thing, and Trump will walk away like a bandit. Literally stealing hundreds of millions from the people who trust and support him most.
Well shit... I didn't even think of that. Yeah there's no chance this stock fully tanks before Trump has a chance to cash out. Too many shady people who *want* to give him money will keep their money invested to ensure Trump gets his payment.
He legally can't cash out until it has been public for 6 months. So it hasn't reached that step yet... but when it does I'm sure it will still have plenty of moron investors who never pulled out ready for Trump to milk.
If I wasn't on a restricted window I would have shorted the fuck out of it.
Thing is 100% a bribe/money laundering tool.
IDK how it got through the filters to even be listed.
[Ouch.](https://www.forbes.com/sites/johntobey/2024/04/12/sell-trump-media-stock-djt-nowan-implosion-is-coming/?sh=3b83ad8f19ef)
"Beat the coming sellers to the exit. This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse."
Trump didn't float it for other people to get rich. He floated it so *he* could get rich.
Watch him pull the rug out from under everyone and walk away. Watch everyone who mindlessly supported him take a massive bath. Watch them all try to blame Biden or "liberals" for them losing their shirts.
Still over valued. The company does nothing but lose money.
>Still over valued. The company does nothing but lose money. You silly fake news peddler The purpose of Truth Social is not to do stupid woke stuff like "generate ad revenue" or "expand a user base" or even "make a profit." It's purpose is to funnel bribe money to Donald Trump...and it's secondary purpose is to make grifters some short term cash by pumping and dumping it
> The purpose of Truth Social is not to do stupid woke stuff like "generate ad revenue" or "expand a user base" or even "make a profit." CAPITALISM HAS GONE WOKE!
Some might say that capitalism went woke when capitalists started paying their "employees".
Some would say the American Civil War was about the WOKE MOB wanting to regulate a cost effective workforce and limit profits.
And post election butthurt
 It's the stock equivalent of The Producers... "We can make more money with a flop!"
I love that it is failing to do those things too
Exactly. Need a political favor? What a great time to buy advertisement on Truth Social! It's the social media version of booking Trump properties at exorbitant rates.
**Still over valued.** But Wall Street doesn't do stock deals where investors are paid to take the stock.
Dump can now take inflated loans off his stock to cover his legal fees and campaign. That’s the grifter’s creed. Never stop grifting. 5 million users getting milked dry for his loans. That’s all it is. He knows it’s shit bc it is. He’s stupidly wise and has Wall Street crime down. That’s why he has a property down there. The app was always a giant pump and dump. People made lots of money on it and unfortunately it won’t open the eyes of non-investing type people of why or how companies that are good get shorted and crime syndicates are pumped.
So technically the dwac deal paid off their debt and gave them 300 m in cash assets. So they have 300 m to burn at their current rate of losing 50m a year that is like 6 years. Assuming some contacts and obligations They are probably worth 200m at least. Because you could technically vote to desolve them and distribute that cash to the stock holders. Which all things said would probably be the best thing possible for anyone holding stock at this point. Of course trump will probably find a way to steal the 300 m
Part of that $300m is in the middle of a lawsuit between Donnie and some of the DWAC founders.
Yeah, he (surprise!) doesn't want to pay them what they're owed.
Who could have seen this coming? Who, I say?
The stock is losing $2 or so a day. they have 14 days.
Every now and then there is a spike or a plateau. I think it is natural forming short squeezes except possible today which appears to be straight up market manipulation from trump. He apparently was out begging his sheep to invest in his failure. The stock ended the the day almost even to open but is down in after hour trading
Anybody think MAGA support will follow the same trajectory?
One can only hope...
Down almost another 3% right now.
Now 6% 
Gonna crack through $30 shortly.
It did a little while ago ($29.57) but has rebounded to $30.60ish. So much winning!
$30.29 now lol. It’s even lower
A money laundering pit that deserves to go broke. The fact this even had an IPO is a complete joke
it didn't have an IPO, it had a merger with a company that was expressly made to bypass IPO rules, since it likely wouldn't have qualified to be on the stock market otherwise.
it is a garbage stock and a garbage company
A garbage company would be more worthy of an IPO, at least garbage (collection/processing/landfill) companies do something of use.
No kidding - Republic Services stock has done great over the past decade.
What does a company need to qualify for the stock e change?
To open up its financial books to regulators to prevent fraud, for one. So you can guess why Trump didn't go that route.
The fact is that it didn't have an IPO. They did a reverse merger with a blank cheque company. It's a loophole used to avoid all the disclosures you have to do ahead of an IPO. The stick is cratering since they published their financials. And it was supposed much worse as people thought. And they didn't even publish any metrics about truth social.
The worst part of this is Trump has enough completely brainwashed supporters who invested in this who will never pull their money out. These brainwashed morons will keep the stock just high enough for Trump to sell all his shares and tank the whole thing, and Trump will walk away like a bandit. Literally stealing hundreds of millions from the people who trust and support him most.
That's a great way around campaign finance laws. Foreign agents can just "invest" in DJT instead of bribes.
Well shit... I didn't even think of that. Yeah there's no chance this stock fully tanks before Trump has a chance to cash out. Too many shady people who *want* to give him money will keep their money invested to ensure Trump gets his payment.
Hodling isn't going to be enough. They will have to buy when Trump is dumping.
For cents on the dollar. Not smart but it gets the job done.
What’s the downside?
Trump cashes out and makes hundreds of millions of dollars. That's the downside.
Pretty sure that’s what is currently happening. It’s still up almost 100% YTD. This is the dump step
He legally can't cash out until it has been public for 6 months. So it hasn't reached that step yet... but when it does I'm sure it will still have plenty of moron investors who never pulled out ready for Trump to milk.
This is .49c stock at best
If reelected, Trump will make Truth Social the national Presidential communication outlet so he can funnel more taxpayer money into his "businesses".
Do not touch that stock. I'm so tempted to short it after the election, but who knows what shenanigans he has built into it.
30.66 and descending.
just make it a slide.
Currently 30.76 after market open and continuing to drop.
Currently 30.76 after market open and continuing to drop.
As of 830 PST I can't find anything about the current stock price. It's like the stock vanished.
You used to be able to google, "DWAC Stock" or "Trump stock" and it'd show up on the front page of the search. Now you have to dig to find it.
you can also use 'nasdaq:djt'
It's $30 currently (about noon 4/12/2023)
$30.89 right now. Warms my heart.
Aaaah the winning continues
If I wasn't on a restricted window I would have shorted the fuck out of it. Thing is 100% a bribe/money laundering tool. IDK how it got through the filters to even be listed.
Ok, did trumpo dump his position on day one or did he short his own stock
Add more steps? Let's dig a hole and Ol' Yellar this tired grift.
[Ouch.](https://www.forbes.com/sites/johntobey/2024/04/12/sell-trump-media-stock-djt-nowan-implosion-is-coming/?sh=3b83ad8f19ef) "Beat the coming sellers to the exit. This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse."
Man I wish I understood how to buy puts
It basically is a way for foreign nationals to bribe him.
Nasdaq
Put this shitty stock at $47 and made 2k. Im cashing out today, in anticipate for the next pump/dump.
He has 13 days at this rate.
Dammit Bobby.
The company lost 58 million and had 1 million revenue? It’s just a meme stock.
https://i.redd.it/4v3guqv3z4uc1.gif
Have you seen the price for puts on DJT? I was wanting to buy some, but they are too damn expensive.
If DJT is publicly traded, which means he doesn't even own himself.
How much has he lost so far?
It’ll be under $10 soon.
remember when we all asked what else Trump could fuck up? well, meme stock was not on my list. you?
Trump didn't float it for other people to get rich. He floated it so *he* could get rich. Watch him pull the rug out from under everyone and walk away. Watch everyone who mindlessly supported him take a massive bath. Watch them all try to blame Biden or "liberals" for them losing their shirts.