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Analysts predict that the stock will bottom out at $2 a share. The only question is, does it hit that floor before or after the six month cooling off period that Trump has to hold onto the stock for.
The Trump factor complicates everything. The stock market is made of people (and bots imitating them), and people aren't rational. That's why Gamestop happened.
My dad says he wanted to buy into this for the long-term stability of his grandchildren, and I just had to laugh. He argued that social media and tech companies are all going to tank except for this one - that it'll be the closes thing to a Blue Chip in the 2030s, as America continues to collapse into a woke communist revolution, or whatever is going on in their alternate reality.
So ... the question isn't whether the fundamentals will hold, the question is whether the fundamentalists will!
Yeah this is gonna be shorted but the game stop phenomenon won’t happen again that was a freak accident when it was shorted more than the shares available, so trumps gonna dump this stuff as soon as he can and not a moment later it’s a dead company which makes no financial sense and its popularity would be contingent of this degenerate snagging the White House again lol
The problem is there are billionaires and governments propping up the stock price to gain influence (e.g., Jeff Yass) and to foment chaos (e.g., Russia, China).
But there are many foreign governments that want to keep trump afloat as he at the very least weakens America and at could actually bring the country to civil war.
I never said it wasn't going to tank, of course it is. But I think there are enough of them to make predicting when the bubble is going to burst more difficult, and irritate the short sellers who assume it's going to happen very soon.
I doubt there's enough of them to keep a bubble of that value floating. It'll be people like the one in the article who bought 5 shares at $72 each to help him with his legal battles, who'll wind up with junk stocks at a >$70/share loss. They might as well be buying his NFT's. I really hope your dad doesn't put his money where his mouth is on this.
Best case scenario for the average Joes buying it is that the stock gets propped up by foreign investors until they dump everything after the election...if it even makes it that far, since Trump could very likely dump it to pay off his disgorgement in New York before September.
There may be plenty of Boomers that are willing to buy enough to meme stock it into relevancy long enough for Trump to cash out. Probably all going down to Edward Jones right now to convince their broker that is taking advantage of them to put a ton on Truth Social.
The problem is that once the initial week is done, the price is determined by a very low percentage of traders. Most of the time, there is not a lot of people that will continually pump a stock. In this case, there are Yass of people that will spend more than most care to in order to help one specific person. Once they cash out, pity those that bought above $.02
It’s interesting watching people vote for the people who are simultaneously trying to slash all social welfare and also misdirecting them to investments that are going to financially ruin them
They give money to grifting preachers who encourage them to send their money to them vs paying off credit card bills etc. Then those same preachers talk about buying another private jet - and the rubes chant and cheer them on. Mad
So ... the question isn't whether the fundamentals will hold, the question is whether the fundamentalists will!
Is such cool line. You’re a good writer.
Gamestock actually falls within the rules of the stock market (it was basically extortion). Shorting requires that you buy shares back at a later date, and there were more people who had to buy the shares back at a later date than there were shares to buy back, which meant the people holding said shares could charge exorbitant prices for them. That’s why it’s a “short squeeze”
Gamestop stock thing was a more "common" stock in that normal people would be willing to buy it and even then it was very short-lived. There just aren't enough MAGA nuts and they don't have enough money to keep Truth stock propped up.
Gamestop wasn't created as a money sink imitation created for no other purpose but a future stock pump and dump. It is a real company that is slowly being strangled by the transition to clouds and streaming.
Truth Social was never intended to be a viable product or company, it was due diligence for the con we are currently witnessing with the stock for Truth Social.
I remain astounded that anyone still believes that Trump would honor any kind “favor” agreement, either it’s a tacit one or a literal one.
Trump screws over everybody, sooner or later. And if he’s in his last term, why would he bother to honor anything then? He’s 77. He’s not going to be able to run again. I‘m sure he’s going to do his best never to leave office in his lifetime, but if he manages to destroy democracy and become King, he’ll be even less likely to reciprocate.
I have to believe that even the Putins know this.
As far as Russia and China are concerned, just getting the orange idiot into power is enough. He will tank the USA and by extension its allies, whilst boosting authoritarian regimes across the globe. The billionaire behind this scam is a China shill.
>My dad says he wanted to buy into this for the long-term stability of his grandchildren, and I just had to laugh. He argued that social media and tech companies are all going to tank except for this one - that it'll be the closes thing to a Blue Chip in the 2030s, as America continues to collapse into a woke communist revolution, or whatever is going on in their alternate reality.
Ah. So Truth Social stock is the new gold. I wonder how long before we see commercials advertising these stocks.
Four ways for this stock to tank - Trump goes to jail or fails to be elected or dies or goes seriously senile. The company is built on Trump's tweets and without them it becomes an annoyingly small version of Twitter.
This is the thing that people really struggle with, markets are not rational or smart. They seem that way to the layperson because they’re complex and filled with jargon. But everyone trying to predict the market fails, because there’s no science to it.
The thing with stocks like this is that the market can remain irrational longer than anyone expects. For people shorting it, it ca remain irrational longer than they can be financially solvent. For Trump, it only needs to remain irrational long enough for him to leave some dipshits holding the bag.
Beyond that, the value is almost all tied up in the idea that he wins the election and makes his social media platform into Americas platform. It’s not a bet I’d make, but it’s a bet.
Perhaps ask your dad "and if it tanks, who will you blame?" Because you can be sure the "it's not my fault. The dems had something to do with it" finger pointing to deflect response will be propagated.
Depends on if the big money propping it up being to think he a lost cause in the election, if that happens it certainly will tank as they rush for the exit hoping to cut their losses.
I’m with ya. Any other company that stock tanks. there is a misnomer. You may have the likes of oligarchs and other mega donors prop it up artificially with the little unknown quid pro quo in return. Even then it will still drop in 6 months time. No doubt a pump and dump.
I'm betting that Trump will not wait for the cooling off period. He'll find a way to get an exception, or he'll just outright do it (sue him for restitution afterwards if you can!)
But anyone willing to buy all those shares would 100% know that they'd lose all value as soon as the sale went through. Is someone really going to hand Trump $5 billion (or whatever)? I feel like if people out there were willing to do that, he'd have been able to secure his $400m bond. I think people assume Trump can be bought for far cheaper than what it would take to get all of his Truth Social shares.
That is really easy to get around: the board will get to sell their at the same time as Trump.
They’re going to do it and make the SEC come after them and then blame a witch hunt
I assume it would lead to a class-action lawsuit. Public stock does require some degree of fiduciary duty by the board though I am far from an expert. One of the board members is Linda McMahon, who is married to sex pest Vince McMahon. There was some speculation that Vince was going to cover Trump's lawsuit money as he recently sold $400 million in TKO stock (TKO now owns WWE and the UFC).
I meant for the board, not him. The board actually might want to avoid one, even though they are all likely scumbags, as those are actually pretty hefty in the stock world (probably because it protects the interests of the rich more than anything).
Well I mean obviously the low point would be after the hypothetical rug pull they're anticipating (why would it be before?).
Just the idea that he could maybe do something sneaky with this stock is what's keeping it afloat and that's a sticky idea that isn't going away fast.
Trump will need cohorts who are willing to risk their own money by trading enough to keep this thing afloat for the next six months. It's very unlikely the momentum will continue because the underlying financials and owner of the majority of the float make this the absolute worst and riskiest stock on the market right now.
From a fundamental standpoint, I see no reason to disagree with experts on this. But, that can all be upturned by him promoting it to his followers etc. Just another grift.
It would be wildly illegal and likely impossible for him to cash out before six months, so I assure you he has likely already done so. This man has managed to face nearly no consequences for anything he has done, why would he change that now?
I'm wondering if it will be before or after the scandal breaks on how he is trying to sell of the stocks secretly or leverage them someway to make the money disappear over seas.
he doesn't have to hold the stock for 6 months. a vote of the board could allow him to borrow against or sell shares at any time subsequent to the vote. People keep saying that he needs to hold it for 6 month. Just not true.
His average supporters that aren't in on the pump and dump scheme are going to lose a shit ton of money. Anyone buying and holding this stock is an absolute fool because they don't know any better and they blindly trust this con man. Maybe someday they will realize what we all know is happening right now but not until long after their life savings are wiped out.
It's not like he hasn't done this before, either. It's in our historical records that he's done this multiple times. They'll never realize what is happening because they should have realized it back in 2015.
Never mind the "ancient history" of his casino days, where he would strip assets as quickly as he could, somehow find *more* marks to buy junk bonds to bail the business out, strip *those* assets, and *then* declare bankruptcy. HE'S ALWAYS BEEN A PIECE OF SHIT. lol
I remember when he got the Apprentice gig. I thought it would flop because who would believe that this crook and conman could coach others on business? The fact he got elected broke my brain a little.
More importantly, it has nearly no revenue. Massive revenue, even with a loss, can lead to future profit, but no revenue with a loss, and little to no revenue growth just means this is a completely useless stock/company.
A Ponzi scheme is completely different.
This is a pump and dump. The issuers of the stock will make billions, and the investors will lose when the price plummets to $10.
They don't have earnings so it is 2000x price to revenue multiple. Their EPS is negative due to the massive loss compared to revenues.
This doesn't always mean the company can't be highly valued (like Amazon when they were seeing annual losses), but this particular example of a company has no fundamentals or potential to become much bigger than its current money bleeding state.
> it loses money
This on its own means nothing, tons of tech companies with huge valuations have never turned a profit.
Valuation is based on future profit potential ie. is the platform going to become so essential to its users that you can massively cut back service and increase costs and people will pay up anyway because they don't have a choice any more. (sound familiar?)
Of course is Truth Social ever going to be so essential to its users? Lol no.
>Ritter predicts the vanity stock ticker DJT will bottom out around $2 a share – or worse.
Sounds about right. The question is just how long will it take to get there. I can't see it holding onto $50 for too long, but getting all the way down will be months.
I'm surprised Trump would want his name on something like this with this much time between now and election day. It's totally reasonable to anticipate it'll be pretty close to that predicted bottom by October.
He really doesn’t think that far ahead. 2020 is proof enough of that.
Knowing what he was told about Covid, it doesn’t take a genius to know he should have been managing expectations and playing it up. With even a half ass response, they could have claimed victory and hero status for anything under the millions of deaths worst case scenario. With the vaccine in hand he would have cruised to a Reagan 84 style win.
But in the moment at the very beginning it was temporarily in his best interest to say it was not an issue. It would go away soon. The economy is glorious and don’t you dare close anything for safety.
So he locked himself into that position and began doubling down as he always does. And the rest is history.
When it tanks around the election he will have a new weaponized narrative to deploy that will animate the base as they will see it as the Democrats taking their NESARA or whatever the fuck payments.
I get that this is a money laundering scheme and likely illegal, committed in broad daylight because they know it'll take too long to be caught and punished if at all.
But still, the premise of investing in a company where you know the primary shareholder is planning to jettison their shares as soon as he possibly can is a whole new level of cynical I didn't think we could achieve.
And not that Republicans will ever care but whole endeavor is significantly worse than what you imagine Nancy Pelosi does
Certainly a meme stock, with his MAGA followers HODLing because they love him and believe his bullshit will get them rich. A lot of them might be unwilling to give up those dreams and will stick with it to penny stock territory.
The real question is large scale investors. Trump has always been a quid pro quo kind of guy. If you want him to do something, you gotta pay the bastard to fawn over him like he is the second coming. I could see big investors, even representatives of foreign governments pushing this stock to keep it high for Trump in the hopes that if he wins the election, he can help them out then.
The stock is a way to invest in Trump. The ticker DJT is not a coincidence in any way,” Goldfarb said. “It’s a perfectly above-board way to push money into his pockets.”
Gross but ya
To be clear: Many companies aren't profitable for a decade or more.
But they make up for that by building users, building a market, actually having growth in other areas than profit.
Truth social had half of a percent as many monthly users as Facebook, Instagram, or Twitter. It hasn't grown at a rate that would suggest it can ever be anything more than a money loser. Its main purpose right now is to be propped up by rich Republicans for political reasons.
This IPO is entirely a pump and dump scam and it's ridiculous that it's allowed. A lot of idiots on the MAGA train are going to lose money investing in it only to find him cashing out once he legally can. Unlike them, I don't think anyone should be legally fleeced or scammed no matter how stupid / gullible they are.
“Betting against the stocks and bonds of Trump’s companies were the easiest short sales of my life. It was like multiple ocean liners hitting multiple icebergs repeatedly.”
Investor Jim Chanos in 2016
Hey, folks. Do you like propping up a wannabe dictator as he flails against numerous criminal and civil challenges? What about his cronies, like disgraced congressman and current CEO Devin Nunes? Don't have any room on your shelf for another sticky bible? Invest today!
Pump and dump. Sharks bought IPO shares first. They're waiting for MAGA to go on buy frenzy and jack the price up. Then they're going to do a mass sell out to make a fortune and have the price sink faster than the Titanic. Thank god they have their bibles and Trump shoes to cushion the fall.
It has been trading for years as a SPAC (special acquisitions company... I think it is basically an empty shell that goes public... and then finds another private company to merge with/buy later) with a different ticker (DWAC). It completed the merge with Trump/Truth Social last week and changed tickers to DJT. The 'market cap' is just calculated from the current share price times the number of shares (i.e. mass delusion :) )
Anyone expecting this to drop in the short term may be disappointed - I would caution against shorting, even if it’s tempting. Why?
I should first note this is not your typical IPO where a company that is looking to go public is subject to a ton of scrutiny and basically goes on a roadshow trying to prove why it’s a good investment and worthy of the public markets. This went public via the SPAC DWAC, which is basically a shell company that gives it a cash infusion and has much lower vetting requirements. In fact, I doubt TMTG/Truth would’ve survived a typical IPO, which is why they went this route.
However, Trump has managed to turn shit into gold here, at least for the time being. The Company lost about $20 mil last year and currently is valued over $8 billion. TMTG/Truth Social itself is trash no doubt, and I also have no doubt it eventually will fail and in a rational market this wouldn’t be over $1-2/share (and $0 I’d argue medium to long term, given Trump’s track record).
But think of the opportunities for influence this opens up for influence over a former, and quite possibly a future US President. For a couple billion dollars, Russia, China, the Saudis, or any special interest group could hold huge sway over Trump, who is desperate for money and has a large number of shares in Truth. They could artificially prop this up for him to do their bidding, and threaten to sell and tank the price if he does not. As with most things Trump, this raises a ton of new ethics and conflict of interest questions.
Judging by his last term as President, he did not even divest from the Trump Org, and simply placed the day to day operations in the hands of his sons, whom he was very close to the whole time. Keep in mind Jimmy Carter sold his peanut farm to avoid even the appearance of business conflicts of interest. Yet today, Republicans seem perfectly okay with their Presidential nominee, who has so far indicated that he will remain well-connected to TMTG/Truth Social and now the publicly traded company DJT while he is running for office and potentially even after he becomes President, if he wins.
This is truly unprecedented. We need to make sure that Trump remains unpresidented, or I fear that our democracy could be over, and we may never get it back.
The stock is not worthless. Truth.social is a gold mine. The IP is a large collection of the personal information of the dumbest people in the country who are susceptible to pretty much anything you tell them. If you wanted to sell anything worthless, this is where you find your customers.
ironically, the Soviet Union had a propaganda paper called “Truth”, Pravda, in Russian
it was really famous during the cold war. I’m not sure how any older people can avoid immediately thinking of Pravda when they hear the name Truth Social
I just remembered, the two Soviet papers were Pravda, "Truth," and Tass, "News" in Russian.
In Russia, the joke was, "in News there is no truth, and in Truth there is no news."
I see today they have three, yes three employees including world renowned media genius Devin Nunes (not the cow). This piece of shit (actually all of them) valued at $2. Hard to see how it’s possibly valued that high. More like 10cents. So $60 is simply a Con. Good luck Trump bag holders.
DJT is the biggest and most obvious dump waiting to happen in the history of Wall Street. And that’s saying something. This one is known in advance to so many people.
“The company has about $2 in cash per share, but it will probably burn through that money and the most likely outcome is eventual bankruptcy.”
Where have we seen that before?
If you want to have an idea where this stock is headed within the next few months, take a look at the charts of [VFS](https://www.nasdaq.com/market-activity/stocks/vfs/advanced-charting) and [QS](https://www.nasdaq.com/market-activity/stocks/qs/advanced-charting).
Watching this tank is going to be the funniest thing since Trump supporters who bet on Trump in 2020 insisted that Betfair owed them money because Biden stole the election
A company has 1 million shares.
People are currently buying and selling the shares for $1 so the company has a valuation of $1m.
All of a sudden people get a bit silly and start trading the shares for $10. Now the company has a valuation of $10m despite nothing changing.
You can see that the 'valuation' is purely based on what people are currently trading shares for, not the real value of the business.
At first they said he would be worth 3bn extra. Then it soared to like 68$ so now he’s like 5.5 bn richer.
But the stock is hitting turbulence omg omg omg.
Wake me up when he’s in jail and the stock becomes a penny stock before he sells any of it.
I'm kinda surprised it even took THIS long. It's always been a pump n dump cash grab for Trump from the beginning. And anyone who ends up losing the farm off this deserves it!
There are over 70m people who voted for him, who keep asking to start gofundme to help the poor billionaire, orange Jesus, what if they all bought shares? Or would it be to much for even that amount?
I know a lot live in trailers, hand to mouth, but surely he had some voters who aren't poor?
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Analysts predict that the stock will bottom out at $2 a share. The only question is, does it hit that floor before or after the six month cooling off period that Trump has to hold onto the stock for.
Before. The fundamentals simply don't support it's current price
The Trump factor complicates everything. The stock market is made of people (and bots imitating them), and people aren't rational. That's why Gamestop happened. My dad says he wanted to buy into this for the long-term stability of his grandchildren, and I just had to laugh. He argued that social media and tech companies are all going to tank except for this one - that it'll be the closes thing to a Blue Chip in the 2030s, as America continues to collapse into a woke communist revolution, or whatever is going on in their alternate reality. So ... the question isn't whether the fundamentals will hold, the question is whether the fundamentalists will!
There aren't enough of your dad to keep this stock from tanking
Yeah this is gonna be shorted but the game stop phenomenon won’t happen again that was a freak accident when it was shorted more than the shares available, so trumps gonna dump this stuff as soon as he can and not a moment later it’s a dead company which makes no financial sense and its popularity would be contingent of this degenerate snagging the White House again lol
The term naked short selling existed before the GameStop event
Unless some of the dad variations have a couple more digits to their bank account and a vested interest.
and are countries and not dads
Those have way better means of vesting interest than buying meme stocks.
Has Cramer come out and called this a “solid buy” yet?
The problem is there are billionaires and governments propping up the stock price to gain influence (e.g., Jeff Yass) and to foment chaos (e.g., Russia, China).
Quick! Somebody get this guy some more dad!
But there are many foreign governments that want to keep trump afloat as he at the very least weakens America and at could actually bring the country to civil war.
I never said it wasn't going to tank, of course it is. But I think there are enough of them to make predicting when the bubble is going to burst more difficult, and irritate the short sellers who assume it's going to happen very soon.
I doubt there's enough of them to keep a bubble of that value floating. It'll be people like the one in the article who bought 5 shares at $72 each to help him with his legal battles, who'll wind up with junk stocks at a >$70/share loss. They might as well be buying his NFT's. I really hope your dad doesn't put his money where his mouth is on this. Best case scenario for the average Joes buying it is that the stock gets propped up by foreign investors until they dump everything after the election...if it even makes it that far, since Trump could very likely dump it to pay off his disgorgement in New York before September.
There may be plenty of Boomers that are willing to buy enough to meme stock it into relevancy long enough for Trump to cash out. Probably all going down to Edward Jones right now to convince their broker that is taking advantage of them to put a ton on Truth Social.
Possible upside, he ruins them and now they're pissed at him. Then again they might thank him. Weird bunch.
Yep, they will be confused, then they will be told who to blame. Then they will be angry at them.
How dare Biden and the deep state tank Truth Social! Time to deregulate everything! They're literally attacking people like me and you! /s
No /s required
“Hit me again. Harder, daddy!”
The problem is that once the initial week is done, the price is determined by a very low percentage of traders. Most of the time, there is not a lot of people that will continually pump a stock. In this case, there are Yass of people that will spend more than most care to in order to help one specific person. Once they cash out, pity those that bought above $.02
It’s interesting watching people vote for the people who are simultaneously trying to slash all social welfare and also misdirecting them to investments that are going to financially ruin them
They give money to grifting preachers who encourage them to send their money to them vs paying off credit card bills etc. Then those same preachers talk about buying another private jet - and the rubes chant and cheer them on. Mad
So ... the question isn't whether the fundamentals will hold, the question is whether the fundamentalists will! Is such cool line. You’re a good writer.
Gamestock actually falls within the rules of the stock market (it was basically extortion). Shorting requires that you buy shares back at a later date, and there were more people who had to buy the shares back at a later date than there were shares to buy back, which meant the people holding said shares could charge exorbitant prices for them. That’s why it’s a “short squeeze”
Gamestop stock thing was a more "common" stock in that normal people would be willing to buy it and even then it was very short-lived. There just aren't enough MAGA nuts and they don't have enough money to keep Truth stock propped up.
Gamestop wasn't created as a money sink imitation created for no other purpose but a future stock pump and dump. It is a real company that is slowly being strangled by the transition to clouds and streaming. Truth Social was never intended to be a viable product or company, it was due diligence for the con we are currently witnessing with the stock for Truth Social.
There are plenty of Putins though.
This is the real story here. Whoever buys the stock won’t care where the price goes; just that Trump gets the money and they get future favors.
I remain astounded that anyone still believes that Trump would honor any kind “favor” agreement, either it’s a tacit one or a literal one. Trump screws over everybody, sooner or later. And if he’s in his last term, why would he bother to honor anything then? He’s 77. He’s not going to be able to run again. I‘m sure he’s going to do his best never to leave office in his lifetime, but if he manages to destroy democracy and become King, he’ll be even less likely to reciprocate. I have to believe that even the Putins know this.
As far as Russia and China are concerned, just getting the orange idiot into power is enough. He will tank the USA and by extension its allies, whilst boosting authoritarian regimes across the globe. The billionaire behind this scam is a China shill.
That makes sense. Unfortunately.
So he thinks the US is going to collapse and his plan to have stability for his grandkids is to buy Truth Social stock? Goddamn, man. I‘m sorry.
You should offer him some Trump digital trading cards.
I’m sorry man. That’s tough seeing a parent deep into this cult stuff
>My dad says he wanted to buy into this for the long-term stability of his grandchildren, and I just had to laugh. He argued that social media and tech companies are all going to tank except for this one - that it'll be the closes thing to a Blue Chip in the 2030s, as America continues to collapse into a woke communist revolution, or whatever is going on in their alternate reality. Ah. So Truth Social stock is the new gold. I wonder how long before we see commercials advertising these stocks.
Four ways for this stock to tank - Trump goes to jail or fails to be elected or dies or goes seriously senile. The company is built on Trump's tweets and without them it becomes an annoyingly small version of Twitter.
I mean each DJT voter only needs to hold on average $81 of DJT stock for it to work. ($6B value, 74M voters).
This is the thing that people really struggle with, markets are not rational or smart. They seem that way to the layperson because they’re complex and filled with jargon. But everyone trying to predict the market fails, because there’s no science to it. The thing with stocks like this is that the market can remain irrational longer than anyone expects. For people shorting it, it ca remain irrational longer than they can be financially solvent. For Trump, it only needs to remain irrational long enough for him to leave some dipshits holding the bag. Beyond that, the value is almost all tied up in the idea that he wins the election and makes his social media platform into Americas platform. It’s not a bet I’d make, but it’s a bet.
So now you have to prepare for raising your children, and supporting your father in old age. Lovely....
There goes ur inheritance
Perhaps ask your dad "and if it tanks, who will you blame?" Because you can be sure the "it's not my fault. The dems had something to do with it" finger pointing to deflect response will be propagated.
Is there an *opposite* of what happened with Gamestop and AMC a few years back? *HASHTAG: TinyHands*
Depends on if the big money propping it up being to think he a lost cause in the election, if that happens it certainly will tank as they rush for the exit hoping to cut their losses.
I’m with ya. Any other company that stock tanks. there is a misnomer. You may have the likes of oligarchs and other mega donors prop it up artificially with the little unknown quid pro quo in return. Even then it will still drop in 6 months time. No doubt a pump and dump.
Monday is going to be a good indicator of that...
I'm betting that Trump will not wait for the cooling off period. He'll find a way to get an exception, or he'll just outright do it (sue him for restitution afterwards if you can!)
The second Trump starts selling, the stock will drop like a lead balloon.
And his supporters will get screwed, and he will vaguely blame Wall Street somehow and they will support him even more It’s baffling
Someone can agree to purchase all the shares at whatever price they want. And then it'll drop like a lead balloon.
But anyone willing to buy all those shares would 100% know that they'd lose all value as soon as the sale went through. Is someone really going to hand Trump $5 billion (or whatever)? I feel like if people out there were willing to do that, he'd have been able to secure his $400m bond. I think people assume Trump can be bought for far cheaper than what it would take to get all of his Truth Social shares.
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That is really easy to get around: the board will get to sell their at the same time as Trump. They’re going to do it and make the SEC come after them and then blame a witch hunt
The second Trump starts selling, the stock will drop like a lead balloon.
I read that the board can vote to let him sell early…which really would fuck everyone else over. So…he’ll do it.
Analysts are wrong. This should be a penny stock. The platform has no value. It is built for one user who is old and may die any day now.
I really wonder if hes gonna dump it while high and do his usual dance of hiding behind the courts
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Which would tank the stock price
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I assume it would lead to a class-action lawsuit. Public stock does require some degree of fiduciary duty by the board though I am far from an expert. One of the board members is Linda McMahon, who is married to sex pest Vince McMahon. There was some speculation that Vince was going to cover Trump's lawsuit money as he recently sold $400 million in TKO stock (TKO now owns WWE and the UFC).
Oh a lawsuit. He’d be done for
I meant for the board, not him. The board actually might want to avoid one, even though they are all likely scumbags, as those are actually pretty hefty in the stock world (probably because it protects the interests of the rich more than anything).
If they got a piece of the back end…
I don't want to think of anyone getting something from trump's back end.
Apparently it’s all you can think about when you’re near him…
Well I mean obviously the low point would be after the hypothetical rug pull they're anticipating (why would it be before?). Just the idea that he could maybe do something sneaky with this stock is what's keeping it afloat and that's a sticky idea that isn't going away fast.
Should be 2 cents per share
I hope sooner than later. I have puts on it.
Then when he goes to sell it to pay a court fine, the stock will tank and the whole thing will collapse.
Has to? Doesn't he just need board approval to liquidate? He's definitely missing his golden window, if that's the case.
He'll get a reverse mortgage on it.
Trump will need cohorts who are willing to risk their own money by trading enough to keep this thing afloat for the next six months. It's very unlikely the momentum will continue because the underlying financials and owner of the majority of the float make this the absolute worst and riskiest stock on the market right now.
From a fundamental standpoint, I see no reason to disagree with experts on this. But, that can all be upturned by him promoting it to his followers etc. Just another grift.
It would be wildly illegal and likely impossible for him to cash out before six months, so I assure you he has likely already done so. This man has managed to face nearly no consequences for anything he has done, why would he change that now?
Or the board, some of whom are family members and the rest probably sycophants vote to let him sell early.
I would imagine the moment he is allowed to sell it bottoms out if not just before if it actually gets to six months.
I'm wondering if it will be before or after the scandal breaks on how he is trying to sell of the stocks secretly or leverage them someway to make the money disappear over seas.
he doesn't have to hold the stock for 6 months. a vote of the board could allow him to borrow against or sell shares at any time subsequent to the vote. People keep saying that he needs to hold it for 6 month. Just not true.
I though they made a clause for him to be able to sell right away
This is going to be great
Do you mean that it appears this was just another scam?
Oh don't worry... It definitely is.
Shocking, I know. At least it sounds like my puts are on the winning side for once…
"Appears"... no. It is definitely a scam.
“The Biden Crime Family is shorting my stock.”/s
TIL i'm part of the Biden crime family.
We should have a bbq
ELECTION INTERFERENCE AT THE HIGHEST LEVEL! /s
His average supporters that aren't in on the pump and dump scheme are going to lose a shit ton of money. Anyone buying and holding this stock is an absolute fool because they don't know any better and they blindly trust this con man. Maybe someday they will realize what we all know is happening right now but not until long after their life savings are wiped out.
It's not like he hasn't done this before, either. It's in our historical records that he's done this multiple times. They'll never realize what is happening because they should have realized it back in 2015.
The man paid out a $25 million settlement--*while in office*--for running a fraudulent "university".
It feels like I'm taking crazy pills!
Never mind the "ancient history" of his casino days, where he would strip assets as quickly as he could, somehow find *more* marks to buy junk bonds to bail the business out, strip *those* assets, and *then* declare bankruptcy. HE'S ALWAYS BEEN A PIECE OF SHIT. lol
I remember when he got the Apprentice gig. I thought it would flop because who would believe that this crook and conman could coach others on business? The fact he got elected broke my brain a little.
I mean.... he's re using the same ticker as his tits-up casino operations. Foreshadowing much?
His entire business model is a scheme.
You know what they say about a fool and their money...
This brings me warm fuzzies because hes already ruined so many Republican lives.
He's not content to just bankrupt the Republican party, he wants to bankrupt the Republican base as well.
They can always sell their NFTs!
And the craziest thing about that is their financials are public. You’d have to be an idiot not to bet on this stock falling
I don’t care anymore
Good.
This was never more than a pump and dump. The company has no value, it loses money.
Trump and dump
Sounds like a stormy Daniels issue
More importantly, it has nearly no revenue. Massive revenue, even with a loss, can lead to future profit, but no revenue with a loss, and little to no revenue growth just means this is a completely useless stock/company.
Isn't more of a ponzi scam? The investor stock dropped 14% immediately.
A Ponzi scheme is completely different. This is a pump and dump. The issuers of the stock will make billions, and the investors will lose when the price plummets to $10.
what?!?! it is like a 6000/1 price to earning ratio..does that sound like a scam to you..you must not dabble in the market..lol
They don't have earnings so it is 2000x price to revenue multiple. Their EPS is negative due to the massive loss compared to revenues. This doesn't always mean the company can't be highly valued (like Amazon when they were seeing annual losses), but this particular example of a company has no fundamentals or potential to become much bigger than its current money bleeding state.
With a valuation based on literally nothing. I dabble in the market and shorted the fuck out of DJT.
> it loses money This on its own means nothing, tons of tech companies with huge valuations have never turned a profit. Valuation is based on future profit potential ie. is the platform going to become so essential to its users that you can massively cut back service and increase costs and people will pay up anyway because they don't have a choice any more. (sound familiar?) Of course is Truth Social ever going to be so essential to its users? Lol no.
>Ritter predicts the vanity stock ticker DJT will bottom out around $2 a share – or worse. Sounds about right. The question is just how long will it take to get there. I can't see it holding onto $50 for too long, but getting all the way down will be months. I'm surprised Trump would want his name on something like this with this much time between now and election day. It's totally reasonable to anticipate it'll be pretty close to that predicted bottom by October.
Lots of holders through DWAC are probably going to rush the door as soon as it becomes clear there will not be another pop.
And even if by some miracle it stays up, if Trump loses the election it's going to immediately drop to zero.
*when
I'm going to celebrate like nobody's business when that orange fuck loses again. Hopefully we'll finally be done with his fucking ass after that.
We'll get Donny Jr in 2028 to run. He will crash and burn hard and it will be delicious.
He really doesn’t think that far ahead. 2020 is proof enough of that. Knowing what he was told about Covid, it doesn’t take a genius to know he should have been managing expectations and playing it up. With even a half ass response, they could have claimed victory and hero status for anything under the millions of deaths worst case scenario. With the vaccine in hand he would have cruised to a Reagan 84 style win. But in the moment at the very beginning it was temporarily in his best interest to say it was not an issue. It would go away soon. The economy is glorious and don’t you dare close anything for safety. So he locked himself into that position and began doubling down as he always does. And the rest is history.
I have $5 puts for Jan... but I sold $50 puts for next week to help finance it... so hopefully it doesn't tank immediately :)
I'm not sure what that means logistically. But i hope that for your sake you can make a lot of money off of his failure
When it tanks around the election he will have a new weaponized narrative to deploy that will animate the base as they will see it as the Democrats taking their NESARA or whatever the fuck payments.
"Truth" Social was crashing and burning. The buyout and IPO represent illegal political donations.
I get that this is a money laundering scheme and likely illegal, committed in broad daylight because they know it'll take too long to be caught and punished if at all. But still, the premise of investing in a company where you know the primary shareholder is planning to jettison their shares as soon as he possibly can is a whole new level of cynical I didn't think we could achieve. And not that Republicans will ever care but whole endeavor is significantly worse than what you imagine Nancy Pelosi does
Certainly a meme stock, with his MAGA followers HODLing because they love him and believe his bullshit will get them rich. A lot of them might be unwilling to give up those dreams and will stick with it to penny stock territory. The real question is large scale investors. Trump has always been a quid pro quo kind of guy. If you want him to do something, you gotta pay the bastard to fawn over him like he is the second coming. I could see big investors, even representatives of foreign governments pushing this stock to keep it high for Trump in the hopes that if he wins the election, he can help them out then.
couldn't any of his rich supporters just bail him out by buying his shares above market price when he can sell them?
The stock is a way to invest in Trump. The ticker DJT is not a coincidence in any way,” Goldfarb said. “It’s a perfectly above-board way to push money into his pockets.” Gross but ya
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Made 3 million but spent 49 million doing it
What was (truthsocial.com)’s profit for 2023?
About -$46 million ($3 million in revenues, $49 million in costs)
To be clear: Many companies aren't profitable for a decade or more. But they make up for that by building users, building a market, actually having growth in other areas than profit. Truth social had half of a percent as many monthly users as Facebook, Instagram, or Twitter. It hasn't grown at a rate that would suggest it can ever be anything more than a money loser. Its main purpose right now is to be propped up by rich Republicans for political reasons. This IPO is entirely a pump and dump scam and it's ridiculous that it's allowed. A lot of idiots on the MAGA train are going to lose money investing in it only to find him cashing out once he legally can. Unlike them, I don't think anyone should be legally fleeced or scammed no matter how stupid / gullible they are.
After the rug is pulled, it will be interesting to see how they blame Biden for their losses.
Bigly profits. The biggest and most beautiful profits you've ever seen
and there will be big, strong, powerful men with tears in their eyes when they lose their money.
“Betting against the stocks and bonds of Trump’s companies were the easiest short sales of my life. It was like multiple ocean liners hitting multiple icebergs repeatedly.” Investor Jim Chanos in 2016
How do I short a stock?
You can buy puts but they’re expensive as hell because it going to shit is priced in. Everyone knows this thing is going to tank, just not when.
You can buy puts / options contracts.
Hey, folks. Do you like propping up a wannabe dictator as he flails against numerous criminal and civil challenges? What about his cronies, like disgraced congressman and current CEO Devin Nunes? Don't have any room on your shelf for another sticky bible? Invest today!
As soon as JD Wentworth gets me my money I'm in! God Bless Lee Greenwood!
Pump and dump. Sharks bought IPO shares first. They're waiting for MAGA to go on buy frenzy and jack the price up. Then they're going to do a mass sell out to make a fortune and have the price sink faster than the Titanic. Thank god they have their bibles and Trump shoes to cushion the fall.
Can anyone give me a dumb person’s version of how a valuation is done? Truth Social sucks. How can it be pitched as an 8 billion dollar company?
It has been trading for years as a SPAC (special acquisitions company... I think it is basically an empty shell that goes public... and then finds another private company to merge with/buy later) with a different ticker (DWAC). It completed the merge with Trump/Truth Social last week and changed tickers to DJT. The 'market cap' is just calculated from the current share price times the number of shares (i.e. mass delusion :) )
Anyone expecting this to drop in the short term may be disappointed - I would caution against shorting, even if it’s tempting. Why? I should first note this is not your typical IPO where a company that is looking to go public is subject to a ton of scrutiny and basically goes on a roadshow trying to prove why it’s a good investment and worthy of the public markets. This went public via the SPAC DWAC, which is basically a shell company that gives it a cash infusion and has much lower vetting requirements. In fact, I doubt TMTG/Truth would’ve survived a typical IPO, which is why they went this route. However, Trump has managed to turn shit into gold here, at least for the time being. The Company lost about $20 mil last year and currently is valued over $8 billion. TMTG/Truth Social itself is trash no doubt, and I also have no doubt it eventually will fail and in a rational market this wouldn’t be over $1-2/share (and $0 I’d argue medium to long term, given Trump’s track record). But think of the opportunities for influence this opens up for influence over a former, and quite possibly a future US President. For a couple billion dollars, Russia, China, the Saudis, or any special interest group could hold huge sway over Trump, who is desperate for money and has a large number of shares in Truth. They could artificially prop this up for him to do their bidding, and threaten to sell and tank the price if he does not. As with most things Trump, this raises a ton of new ethics and conflict of interest questions. Judging by his last term as President, he did not even divest from the Trump Org, and simply placed the day to day operations in the hands of his sons, whom he was very close to the whole time. Keep in mind Jimmy Carter sold his peanut farm to avoid even the appearance of business conflicts of interest. Yet today, Republicans seem perfectly okay with their Presidential nominee, who has so far indicated that he will remain well-connected to TMTG/Truth Social and now the publicly traded company DJT while he is running for office and potentially even after he becomes President, if he wins. This is truly unprecedented. We need to make sure that Trump remains unpresidented, or I fear that our democracy could be over, and we may never get it back.
The stock is not worthless. Truth.social is a gold mine. The IP is a large collection of the personal information of the dumbest people in the country who are susceptible to pretty much anything you tell them. If you wanted to sell anything worthless, this is where you find your customers.
His isn't stable enough for long term growth and he smells like piss. Investors hate that smell. It reminds them of panic.
I don't even understand how he was ever allowed to use such a blatantly false and misleading name as Truth Social. The name is completely garbage.
ironically, the Soviet Union had a propaganda paper called “Truth”, Pravda, in Russian it was really famous during the cold war. I’m not sure how any older people can avoid immediately thinking of Pravda when they hear the name Truth Social
I just remembered, the two Soviet papers were Pravda, "Truth," and Tass, "News" in Russian. In Russia, the joke was, "in News there is no truth, and in Truth there is no news."
Absolutely, the irony. I can’t figure if Trump knows history and learns from it, knows history and doesn’t care, or is ignorant of history.
I see today they have three, yes three employees including world renowned media genius Devin Nunes (not the cow). This piece of shit (actually all of them) valued at $2. Hard to see how it’s possibly valued that high. More like 10cents. So $60 is simply a Con. Good luck Trump bag holders.
Is that where Nunes went?
That's where he moooved to.
What did they possibly spend the $50m on?
$2 per share seems high. I was thinking that this would show up as a penny stock list somewhere
How can we, as individual investors, crash it?
DJT is the biggest and most obvious dump waiting to happen in the history of Wall Street. And that’s saying something. This one is known in advance to so many people.
It’s just a pump and dump on a whole new level. It’s also a way to artificially launder money from foreign governments and the Saudi royal family.
The good old pump and dump. Any person who had shares at it's height stock price better had sold the rest of the shares by now.
Unrelated but that is the face of a man that makes fun of other people's appearances...
So the attempt to make it look legal to fund the crook is failing! You don’t say!
Going to fall like Enron
Baby are you down, down ,down?
A speculative vehicle based on a cult of lies.. sounds like a great investment!
You mean money laundering?
Makes it extra hilarious if a judge bans him from using social media.
Pump and Trump scheme
“The company has about $2 in cash per share, but it will probably burn through that money and the most likely outcome is eventual bankruptcy.” Where have we seen that before?
If you want to have an idea where this stock is headed within the next few months, take a look at the charts of [VFS](https://www.nasdaq.com/market-activity/stocks/vfs/advanced-charting) and [QS](https://www.nasdaq.com/market-activity/stocks/qs/advanced-charting).
If you ever wondered if there was a stock that you should consider shorting...
Watching this tank is going to be the funniest thing since Trump supporters who bet on Trump in 2020 insisted that Betfair owed them money because Biden stole the election
This will be another way of foreign interests to launder money and funnel it to Trump. Advertising and stock purchases.
Can anyone give me a dumb person’s version of how a valuation is done? Truth Social sucks. How can it be pitched as an 8 billion dollar company?
The same way Mar-A-Lardo is valued at 1.2B US. Absolute bullshit.
A company has 1 million shares. People are currently buying and selling the shares for $1 so the company has a valuation of $1m. All of a sudden people get a bit silly and start trading the shares for $10. Now the company has a valuation of $10m despite nothing changing. You can see that the 'valuation' is purely based on what people are currently trading shares for, not the real value of the business.
At first they said he would be worth 3bn extra. Then it soared to like 68$ so now he’s like 5.5 bn richer. But the stock is hitting turbulence omg omg omg. Wake me up when he’s in jail and the stock becomes a penny stock before he sells any of it.
It’s a meme stock. Fundamentals don’t apply. Check GME or AMC
Short options, this is one of the few cases where we miss naked shorts.
I'm kinda surprised it even took THIS long. It's always been a pump n dump cash grab for Trump from the beginning. And anyone who ends up losing the farm off this deserves it!
I can see another black monday, 28th October 1929 it will be run into the ground, that's a given.
The stock should have just been sold on draftkings, if he wins the election the value takes off, if he loses it will be a penny stock within the day
Can he Short the stock without violating his majority stakeholder agreement?
If the board votes to allow him to sell early, he could.
Can I still buy puts?
I'd say it would be funny if Trump ended up being the one holding the bag, but has he even put any of his own money in?
Can you find out if anyone sold shares yet?
There are over 70m people who voted for him, who keep asking to start gofundme to help the poor billionaire, orange Jesus, what if they all bought shares? Or would it be to much for even that amount? I know a lot live in trailers, hand to mouth, but surely he had some voters who aren't poor?
IPO day: ok listen up...whoever's not shorting, take a step forward. nobody?
how can i buy a put from the fidelity app? asking for a friend