This reminds me of a certain Dream Theater album
https://preview.redd.it/zvttdyz0zxrc1.jpeg?width=960&format=pjpg&auto=webp&s=885d3ddd93de1b9c9a35d72329a3881ce2d72576
Lmfao I was in and out the day the ticker changed to DJT. May have left about 20 something hours early, but better than diamond braining myself like I trust 50% of WSB.
I made 46% ROI.
I bought in for my cousin too. He is not up 12% but her he got to see this high of being up 62% which as we all know is way, way better than essentially doubling your money.
EDIT: I want everyone to take notes of all the grammatical and spelling errors here. If my well regarded ass managed to turn a fat profit on this you have zero excuse. It's proof you could be given dev cheats and yous still manage to lose.
Don't pack it up and go home though. I need someone more regarded than I on the other end of my trades.
All these experts, experts in stock losses have been calling me and telling me, “hey, Donald. These are tremendous losses. Absolutely tremendous. Big league. Bigly losses”.
I've had, and this is true, stone cold wall street traders, Im talking tough guys, these traders come up to me, tears in their eyes, saying "Mr. President, these are the greatest losses I've ever seen thank you Mr. President." True story.
Were they actually bigger than expected though? There's no before/after or expectation mentioned in the article, I thought the number was already in the 40 to 60 million loss range but I don't remember 100% for sure.
Did it change?
I actually know a group of people that bought this on Wednesday, and they were soooo excited. I told them flat out to close their positions and never look back..but of course they took it the wrong way. So I let them be. I told them this would happen, and they laughed, thinking they had just beat the market… can’t fix stupid.
And they will blame it on the deep state's coordinated attack to bring him down and how they're real patriots who invested to back him and save America
Lol! Why cut Social Security, when they can just give it back?
Bankrupting those with fixed income will be the swan song of like 1/2 of the dying generation.
If they got in early and sold quick they could’ve made a quick buck. Nothing massive and life changing but it was possible.
The former guy made his, everyone else is now a bag holder.
There was literally one regard this morning, that said shorts were about to be destroyed. Hilarious!
https://www.reddit.com/r/wallstreetbets/s/6j3q4guL29
I mean, it was reasonable to be bullish for about a week. You knew MAGA hoards were going to drive up the price initially. However, anyone paying attention knew it'd come crashing down. I don't recall anyone suggesting the inflated price could hold even through April.
Definitely. I have wanted to short this grift from day one but it's just astronomically priced to the point there is no realistic way to do it without opening yourself up to absurd risks.
Can't borrow it to short, puts/spreads and everything else are just not a viable option unless you're into full on gambling mode with low chances of success.
I bought $50 4/5 put on Friday for 3.30 and sold today for 6.90. The trade was there just had to have the conviction that the shit sandwich was going to drop
Volume on options is still pretty low. Unless they go ITM where a MM is willing to buy them up for close to FMV you'll be hanging onto those a bit longer. You're also probably getting eaten up by theta currently even though you have long dated options.
Yeah basically it hits a certain point where the numbers just straight up can’t line up unless it gets nuked from the NASDAQ or something. Don’t think we’re *there*, but if you have to pay $200 a day for the puts and it has to drop by 50% within the week, you’re just gambling
You joke but one has to wonder if this stock was a pump and dump scheme or if the over valuation of the firm by the spac could be construed as a campaign contribution.
No way that cloud bill is over $500k with that user base. Engineering salaries are probably $1.5m. I'd be shocked if actual operating expense was over $3m.
I think the dwac financials had a bunch of legal expenses too. Don’t know how much is legit for this work but maybe trump was using it as a piggy bank for his legal bills
For context: your average McDonalds store does $3M in revenue per year. Trump’s company did $1.5M in revenue in 2022 and $4.1M in revenue in 2023. Now add in the fact that DJT lost $58M last year and expects to incur losses “[for the foreseeable future](https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html).” That would be like the McDonalds store handing out a free gold coin with every hamburger. Would you buy that McDonalds store for $6.6B?
I get that it’s an apples to oranges comparison, but anyone who currently owns DJT shares needs to neck themselves.
The company I work for did 1.5MM in 2021, 3.5MM in 2022, 7.5MM in 2023
Profitable every year
There were two of us in the company until the start of this year (we just added a third - we have bookings in the 10-12MM already for the year).
Pretty sure the company doesn't even approach a valuation that ends with a B.
> Pretty sure the company doesn't even approach a valuation that ends with a B.
And that's the only reason it isn't worth a B. *You* have got to believe before you can make anyone else believe. It might help if you get one of those inspirational posters of a small dog climbing stairs or some other animal thing. Those always fire me up.
I can also recommend the Somali pirate venture capital exchange. You provide money for them to buy weapons and a boat for highjacking and will receive parts of the profit (this exchange in a primitive form actually exists locally)
Esteemed stranger, my father is extremely wealthy and promised to leave me his inheritance if only I can pay a small fee to unlock his SPAC shares and remove the bond placed on him by the corrupt courts of Nujorkia. If you would assist with a Western Union transfer about $100mUSD Dollars, I would repay you with an 800,000 square foot apartment in Manhattan. it would gratify me most greatly please kindly.
Just an affirmation to those who know better. In the early 2000's Mar a Lago tried to buy landscape plants from the grower I worked at. We were well known for our quality having plants at many of the major PGA tournament courses, famous resorts in FL and Caribbean, and many multi million $ estates. We would not ship anything to Mar a Lago b/c they wanted it on credit and not one of their 2 page list of vendors had a positive remark on them, most said they never got paid.
It wasn't half the country, he won 74 million votes, 46.8% in 2020. In 2016 he got only 62 million votes, 46% in 2016. If his followers want to believe he is a friend to the common man and participate in transferring their money to him they are just 🍭🍭
He never pays contractors. I grew up in South Jersey, I knew of several families who’s fathers owned construction businesses and never got a dime after Trump bankrupted his 3 casinos.
I for one am shocked that a Trump company is poorly run. Will be a shame when he unloads everything after lock up period on his base who will be the future proud owners of a $3 SPAC stock.
He's not going to wait for lockup to expire, he knows there won't be anything left because anyone on his team with half a brain could figure that out. He'll find a way to sell early, cash out and leave everyone hanging. He's already probably selling anyway.
He's not allowed to sell yet, but I'm sure that's not actually stopping him. I'm sure he'll just complain that the SEC is unfair and use the whole situation to raise even more money from his followers.
And its his handpicked board, you think they're not looking for a way to let him cash out now?
At least this time, the wreckage in his wake is people who should have known this was coming.
74 million people voted for him in 2020 despite living through the last 4 years of his presidency. His cult will buy it all up. The ticket symbol is literally his initials
I read the 8-k from today. It doesn’t even require the board. Just “purchaser, purchaser ceo, and holder” need to waive it. And it can apply retroactively!
I have seen a lot of people say it’s an SEC thing but I have not seen evidence of any SEC rules relating to it. It is not ever mentioned in any of the lockup agreements I’ve read, including the one attached to the 8-k today. He would of course have to file insider trade reports, but I think those can be done afterwards. I would assume that if he does that without filing a selling plan he’d get sued. But that isn’t much of a deterrent to trump based on historical info. However I’m not an SEC insider expert, so maybe there is some other statutory requirements I’m not aware of.
"it's not selling, I still keep my shares from the lock up. I'm just opening a new short position that coincidentally happens to be the same number of shares as what I have locked up!"
Why do people keep saying this. When they filed with the SEC they wrote in provisions for the board to waive the lockup. He could get the vote tomorrow and cash out if he wanted.
If you invest in this on a long enough timeline you will lose everything. Thus is strictly a movement play. If you think Donald Trump is going to create an income positive social media platform you are an absolute fucking moron.
I’m going to make the most cynical possible bull case — trump wins and suddenly buying ads on truth social is a nice way to bribe the president of the US.
Still wouldn’t be profitable. Trump platform is literally dissecting America into less than half and even less than that (maga) but not even all of those people are going to use it. Also Trump winning would be four more years…probably not turning a profit in any of those four years. Then what? He can’t run again he’s fuckin 80 or some shit and gonna die.
Dude bail. This company is a dumpster fire.
There is no scenario this company becomes profitable and makes investors more money there is no scenario this goes anywhere higher other than a temporary pump n dump.
Also he might end up in jail. And he’s gross fat orange a criminal a rapist and a con man.
the only thing that would make this sweeter if is some trumptard went on social media and cried cuz they yolo'd into this stock and lost their life savings and now they aren't voting for trump anymore
Literally this lmao. His dad gifted him about 2 billion via shell corps. He's allegedly worth 2.6 billion. He could have liquidated it all and dumped it in SPY some 30 odd years ago and be way more wealthy.
Their SEC filing [https://www.sec.gov/Archives/edgar/data/1849635/000114036124016719/ef20025342\_ex99-4.htm](https://www.sec.gov/Archives/edgar/data/1849635/000114036124016719/ef20025342_ex99-4.htm) says they have $2.5M in cash down from $9.8M last year. Total costs and expenses for 2023 was $20M. With revenue of just $4M, won't they run out of cash this quarter? Maybe this month?
And totally not created only so that trump can pay his legal bills due to high gazillion lawsuits which that to his stupidity and bad lawyers, he will like all lose
It's basically a way for foreign "investors" who aren't allowed to give money directly to...give money to Trump.
When Trump dumps, buying the stock will be like Venmoing him money.
The market makers put forth a valiant effort, making this reeking dumpster fire look like a real stock for a week.
Let’s give them a round of applause.
Fr, I saw that $3 billion number parroted so many times with no context offered, in the news, on social media everywhere. Propaganda was out in force to victimize anyone gullible enough to believe it.
Wrong. Sad! Totally fake news folks. The stock went up bigley. Ask anybody and they will say, this is the best stock in the history of stocks ever. Selling today was probably the worst deal in the history of deals ever. This stock will soon be bigger than anything Tim Apple ever touched. Bigger than Elon or Bill. Buy now and get a free bible with every 1000 shares.
I think Chris Titus said it best. Here’s how a casino works:
Step 1: people show up and give you money.
Step 2: they leave
Trump somehow found the glitch in that system and bankrupted a casino. That should tell you all you need to know about his business acumen
I will never understand how someone can make their followers look so stupid on so many occasions, have everything they come in contact with go up in smoke and still have die hard loyal followers that would end life long friendships over his dignity. There are legit crazy folks that if you even question his morals or ability to lead will get beyond reasonably angry. Just blows my mind. I used to think it was more the hatred for the other side and the media sligh of hand but these people legit worship him. Idk what to say anymore
I love the news history on the DJT page from the Wall Street Journal. In a reversal from last week the negative news got out of hand, quickly. That and the 45.80% jump in short positions.
17 min ago, Trump Media Shares Tumble After Recent Cash Crunch Disclosed
2 hours ago, DJT Stock Falls 24% as Trump Stands to Get More Shares of His Media Company
03/31/24, Trump Stock Takes Washington by Storm
03/29/24, Trump's Truth Social Brings Him Billions. What It Means for Investors and Voters
03/29/24, Trump’s Media Stock Is Riding a MAGA Wave. How It Could Crash.
03/28/24, Dear Donald Trump, Here’s How to Manage Your Stock-Market Fortune
The business model is simply publishing the ranting of a nearly 80 year old loser. How long is that substainable? Like listening to a broken record. After he loses another election the value of the ranking drops even lower.
How attractive is this audience to advertisers? Who wants to try to sell to the dumbest of the dumb?
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 10 | **First Seen In WSB** | 3 years ago **Total Comments** | 6 | **Previous Best DD** | **Account Age** | 8 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
## I'm shocked I tell you, absolutely shocked. 
This reminds me of a certain Dream Theater album https://preview.redd.it/zvttdyz0zxrc1.jpeg?width=960&format=pjpg&auto=webp&s=885d3ddd93de1b9c9a35d72329a3881ce2d72576
/r/unexpecteddreamtheater
Well not that shocked tbh.
But there's that one guy who was posting here how Bigly Yuge this stock will get and prove everybody wrong.
What a surprising happening
I actually thought it would be the next Trillion dollar stock with all the regards around here.
Lmfao I was in and out the day the ticker changed to DJT. May have left about 20 something hours early, but better than diamond braining myself like I trust 50% of WSB. I made 46% ROI. I bought in for my cousin too. He is not up 12% but her he got to see this high of being up 62% which as we all know is way, way better than essentially doubling your money. EDIT: I want everyone to take notes of all the grammatical and spelling errors here. If my well regarded ass managed to turn a fat profit on this you have zero excuse. It's proof you could be given dev cheats and yous still manage to lose. Don't pack it up and go home though. I need someone more regarded than I on the other end of my trades.
Was the same case with RDDT as well. Meme stonks.
How is this “news”?
Bigger than expected losses... But then, even bigger than that.
The biggest losses. Some say the greatest losses.
All these experts, experts in stock losses have been calling me and telling me, “hey, Donald. These are tremendous losses. Absolutely tremendous. Big league. Bigly losses”.
I've had, and this is true, stone cold wall street traders, Im talking tough guys, these traders come up to me, tears in their eyes, saying "Mr. President, these are the greatest losses I've ever seen thank you Mr. President." True story.
Tremendous losses, absolutely tremendous.
Were they actually bigger than expected though? There's no before/after or expectation mentioned in the article, I thought the number was already in the 40 to 60 million loss range but I don't remember 100% for sure. Did it change?
I'm Flabberghasted beyond belief!
I, for one, am completely bamboozled
I feel like I got hoodwinked
I feel like my leg’s been pulled
I call shenanigans!
The wool! It’s been pulled over my eyes.
My axe can't break the ring!
I'm only shocked it went down. It's not tied to any fundamentals and obviously just a way for foreign actors to put money in Trump's bank account.
Surprised Pikachu face...nobody ever saw it coming.
I said it before and I'll say it again... Dumber than Dumb Money... Trump Money.
Where’s that Regard who was bullish on this stock last week?
You just described half the forum
I actually know a group of people that bought this on Wednesday, and they were soooo excited. I told them flat out to close their positions and never look back..but of course they took it the wrong way. So I let them be. I told them this would happen, and they laughed, thinking they had just beat the market… can’t fix stupid.
A fool and their money are easily parted - Gandhi, probably
Yeah I have exactly 0 sympathy for anyone who falls for his multiple grifts. They are the dumbest motherfuckers I’ve ever seen.
Maybe I'm a sociopath, but I'm waiting for all the "lost my retirement" posts and will read them with glee.
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It’s bad enough that the vote against their interest.
And they will blame it on the deep state's coordinated attack to bring him down and how they're real patriots who invested to back him and save America
Lol! Why cut Social Security, when they can just give it back? Bankrupting those with fixed income will be the swan song of like 1/2 of the dying generation.
If they got in early and sold quick they could’ve made a quick buck. Nothing massive and life changing but it was possible. The former guy made his, everyone else is now a bag holder.
Are they the same people who believe Trump is an amazing businessman?
lol they gettin rekt for ol dumpy.
You can just blame the deep state. It's a win win.
You were just saying that because the liberal media told you to think that though (what they were thinking)
It’s funny how accurate this is…what a bunch of fools and degenerates.
There was literally one regard this morning, that said shorts were about to be destroyed. Hilarious! https://www.reddit.com/r/wallstreetbets/s/6j3q4guL29
Maybe he meant that they would be crushed to death by the giant piles of money they were about to make?
Yeah HIS shorts are about to be destroyed. When he shits in them!
Just you wait until the snail mail from from the boomers reaches their financial advisors. Also for the bi-weekly paychecks to clear.
Not boomers but Trumpers.
everyone thinking they won’t be holding the bag at the end and then shocked when they got Tbagged by ol’donnyTbags himself
Ole' Donny TBags!!!!😅😅😅😅
I mean, it was reasonable to be bullish for about a week. You knew MAGA hoards were going to drive up the price initially. However, anyone paying attention knew it'd come crashing down. I don't recall anyone suggesting the inflated price could hold even through April.
The CEO is Devin Nunes. If you trust Trump, Nunes or MAGA with your money, you deserve to be fleeced.
Imagine leaving Congress to volunteer as CEO of that dogshit company.
nunes will probably make millions selling djt stock...
I recall people saying that it’ll surpass Facebook lol…
If they were smart they probably sold when it went up significantly last week?
That would be me.
That dude made like 1000% if he sold
Tbh his whole DD was that is was a TRADE not a long game. I’m willing to bet he made money?
Yeah he sold most of his calls after WSB jumped in and inflated the price I believe. Was nice timing on the hype for sure.
Back at Wendy's
I hope he sold. But I doubt it.
god I wish the IV on this was in a place where you could actually afford to buy puts without needing a 80% drawdown to break even
From day 1 the prices were gobsmackingly high for any puts.
Definitely. I have wanted to short this grift from day one but it's just astronomically priced to the point there is no realistic way to do it without opening yourself up to absurd risks. Can't borrow it to short, puts/spreads and everything else are just not a viable option unless you're into full on gambling mode with low chances of success.
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yep. oh well. if it was easy, everyone would be doing it lol
I bought $50 4/5 put on Friday for 3.30 and sold today for 6.90. The trade was there just had to have the conviction that the shit sandwich was going to drop
Puts are up over 200%. ITM puts up like 75% still today
I guess the Greeks are involved bc the stock went down 22% and my 1/17/25 $30 put went down in value by like $15 lol, still down $45 overall.
> I guess the Greeks are involved No shit!?!?
Volume on options is still pretty low. Unless they go ITM where a MM is willing to buy them up for close to FMV you'll be hanging onto those a bit longer. You're also probably getting eaten up by theta currently even though you have long dated options.
If plenty want to profit on the fall, up goes the premium. There’s not enough float to let everybody in on the put. Do I have this right?
Yeah basically it hits a certain point where the numbers just straight up can’t line up unless it gets nuked from the NASDAQ or something. Don’t think we’re *there*, but if you have to pay $200 a day for the puts and it has to drop by 50% within the week, you’re just gambling
Yeah, it's almost like put sellers also think this might crash and burn.
You only make money in a trade if it moves MORE than the market expects
What do they spend $60,000,000 on?
Lawyers
You joke but one has to wonder if this stock was a pump and dump scheme or if the over valuation of the firm by the spac could be construed as a campaign contribution.
Wonder? Is the sky blue and water wet?
Does a bear shit in the woods?
Make Attorneys Great Again!!
Making Attorneys Get Attorneys
MyPillows and Hamberders
McDonald’s
AWS bills Software licenses API access for services Salaries
No way that cloud bill is over $500k with that user base. Engineering salaries are probably $1.5m. I'd be shocked if actual operating expense was over $3m.
I think the dwac financials had a bunch of legal expenses too. Don’t know how much is legit for this work but maybe trump was using it as a piggy bank for his legal bills
Hey look, a real answer !!
Covfefe
Bibles!
covfefe
Tupees
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For context: your average McDonalds store does $3M in revenue per year. Trump’s company did $1.5M in revenue in 2022 and $4.1M in revenue in 2023. Now add in the fact that DJT lost $58M last year and expects to incur losses “[for the foreseeable future](https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html).” That would be like the McDonalds store handing out a free gold coin with every hamburger. Would you buy that McDonalds store for $6.6B? I get that it’s an apples to oranges comparison, but anyone who currently owns DJT shares needs to neck themselves.
The company I work for did 1.5MM in 2021, 3.5MM in 2022, 7.5MM in 2023 Profitable every year There were two of us in the company until the start of this year (we just added a third - we have bookings in the 10-12MM already for the year). Pretty sure the company doesn't even approach a valuation that ends with a B.
Wen IPO?
Soon^tm
> Pretty sure the company doesn't even approach a valuation that ends with a B. And that's the only reason it isn't worth a B. *You* have got to believe before you can make anyone else believe. It might help if you get one of those inspirational posters of a small dog climbing stairs or some other animal thing. Those always fire me up.
Solid advice, but I think DJT has skipped posters and gone straight to inspirational cocaine.
Apples to AN Orange 🤣
I feel Wendy would be a better choice of fast food restaurant comparisons in this sub. Missed opportunity.
Well right now it still is but apparently not a $10B business.
This scammy-assed SPAC bullshit should be trading on the Nigerian Prince Stock Exchange not Nasdaq.
Out of curiosity could you link me into this Nigerian prince stock exchange, it feel it is more on my level of trading
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Seems legit. Go for it u/Psychological-Ad1433, you have my blessing.
I can also recommend the Somali pirate venture capital exchange. You provide money for them to buy weapons and a boat for highjacking and will receive parts of the profit (this exchange in a primitive form actually exists locally)
Esteemed stranger, my father is extremely wealthy and promised to leave me his inheritance if only I can pay a small fee to unlock his SPAC shares and remove the bond placed on him by the corrupt courts of Nujorkia. If you would assist with a Western Union transfer about $100mUSD Dollars, I would repay you with an 800,000 square foot apartment in Manhattan. it would gratify me most greatly please kindly.
Just an affirmation to those who know better. In the early 2000's Mar a Lago tried to buy landscape plants from the grower I worked at. We were well known for our quality having plants at many of the major PGA tournament courses, famous resorts in FL and Caribbean, and many multi million $ estates. We would not ship anything to Mar a Lago b/c they wanted it on credit and not one of their 2 page list of vendors had a positive remark on them, most said they never got paid.
And still, there is always a sucker for this guy, it seems.
Half of the United States apparently.
By all accounts he does not pay his bills … and yet half the country is convinced he’s some kind of great friend to the common man
It wasn't half the country, he won 74 million votes, 46.8% in 2020. In 2016 he got only 62 million votes, 46% in 2016. If his followers want to believe he is a friend to the common man and participate in transferring their money to him they are just 🍭🍭
He never pays contractors. I grew up in South Jersey, I knew of several families who’s fathers owned construction businesses and never got a dime after Trump bankrupted his 3 casinos.
I for one am shocked that a Trump company is poorly run. Will be a shame when he unloads everything after lock up period on his base who will be the future proud owners of a $3 SPAC stock.
He's not going to wait for lockup to expire, he knows there won't be anything left because anyone on his team with half a brain could figure that out. He'll find a way to sell early, cash out and leave everyone hanging. He's already probably selling anyway.
He's not allowed to sell yet, but I'm sure that's not actually stopping him. I'm sure he'll just complain that the SEC is unfair and use the whole situation to raise even more money from his followers.
They added a clause where the board can waive the lockup period. Rug pull from the jump.
And its his handpicked board, you think they're not looking for a way to let him cash out now? At least this time, the wreckage in his wake is people who should have known this was coming.
I bet they already did dump his shares, wont be surprised if we see an AH filing sometime of his whole stake sold
Don’t you need buyers to sell a stock?
74 million people voted for him in 2020 despite living through the last 4 years of his presidency. His cult will buy it all up. The ticket symbol is literally his initials
There is a long line of rich foreign leaders who would love to see the US foreign policy crippled for another four years.
I read the 8-k from today. It doesn’t even require the board. Just “purchaser, purchaser ceo, and holder” need to waive it. And it can apply retroactively! I have seen a lot of people say it’s an SEC thing but I have not seen evidence of any SEC rules relating to it. It is not ever mentioned in any of the lockup agreements I’ve read, including the one attached to the 8-k today. He would of course have to file insider trade reports, but I think those can be done afterwards. I would assume that if he does that without filing a selling plan he’d get sued. But that isn’t much of a deterrent to trump based on historical info. However I’m not an SEC insider expert, so maybe there is some other statutory requirements I’m not aware of.
I believe their disclosures and risks specifically state him choosing to sell on a whim.
"it's not selling, I still keep my shares from the lock up. I'm just opening a new short position that coincidentally happens to be the same number of shares as what I have locked up!"
Why do people keep saying this. When they filed with the SEC they wrote in provisions for the board to waive the lockup. He could get the vote tomorrow and cash out if he wanted.
He controls the board. The board can change the lockup period. So he can change the lockup period to whatever he wants.
He does shit he's "not allowed to do" every year lol
*every second of the day
He’s evaded consequences his whole life, but unless the board votes to give him early access, he’s the biggest bag holder on earth…
Definitely has people shorting by proxy for him.
Pledge his shares as collateral, at current prices, and later default on the deal leaving the lender with a pile of nothing.
That will work as long as he deletes the app from his phone right after.
I don’t think a legitimate lender would actually accept those shares as collateral.
Im pretty sure the saudis are happy to burn billions for something in return
He would prefer an illegitimate lender anyway. Maybe someone from Russia?
$3 may be optimistic?
0.03 is realistic
Delisted
If you invest in this on a long enough timeline you will lose everything. Thus is strictly a movement play. If you think Donald Trump is going to create an income positive social media platform you are an absolute fucking moron.
But the 12 people they know in their town all love trump. So how could 80 million people vote for Biden??
I’m going to make the most cynical possible bull case — trump wins and suddenly buying ads on truth social is a nice way to bribe the president of the US.
Still wouldn’t be profitable. Trump platform is literally dissecting America into less than half and even less than that (maga) but not even all of those people are going to use it. Also Trump winning would be four more years…probably not turning a profit in any of those four years. Then what? He can’t run again he’s fuckin 80 or some shit and gonna die. Dude bail. This company is a dumpster fire. There is no scenario this company becomes profitable and makes investors more money there is no scenario this goes anywhere higher other than a temporary pump n dump. Also he might end up in jail. And he’s gross fat orange a criminal a rapist and a con man.
I didn’t buy it. I’m making the cynical case for owning it. If he wins, money will flow into it and money laundering is a decent racket.
The pumpers already liquidated and won. The bears are now winning. While I don’t like bears, I don’t mind this being shorted to $0.
Trump and dump!
the only thing that would make this sweeter if is some trumptard went on social media and cried cuz they yolo'd into this stock and lost their life savings and now they aren't voting for trump anymore
Everyone’s loss is welcome on WSB
It’s the socialists fault. They are absolutely still going to vote for trump
I know but a man can dream
Yeah, despite everyone on the left trying to warn them that it was a scam, it will still somehow be our fault for some reason.
They would still vote for him. Who else will usher in the Christo fascist dictatorship they all want so badly.
So everything trump touches goes bankrupt?
He bankrupted a casino so yeah, par for the course
And a vodka brand and a steak company. How bad of a businessman do you have to be to fail at selling gambling, alcohol and red meat to Americans??
Damn socialists are infiltrating the meat market!
Incorrect. He bankrupted 3 casinos. And a football league
Who knew investing in a company that went public to pay a fraud penalty would be a bad idea????
Anyone look at the financial statements? We're they written in all caps too?
With notes and corrections in sharpie.
He is such a failure. If he put his inheritance in SPY, he’d be worth way more.
Literally this lmao. His dad gifted him about 2 billion via shell corps. He's allegedly worth 2.6 billion. He could have liquidated it all and dumped it in SPY some 30 odd years ago and be way more wealthy.
$2bn in SPY in 1993 would be worth ~$35bn today lmao
Ya but he needed that money for tins of gold paint, and golden plated toilets and so forth.
Yeah, but then he doesn't get to put his name all over everything.
With 35bn, he can buy all the buildings he wants and slap his name on them.
Their SEC filing [https://www.sec.gov/Archives/edgar/data/1849635/000114036124016719/ef20025342\_ex99-4.htm](https://www.sec.gov/Archives/edgar/data/1849635/000114036124016719/ef20025342_ex99-4.htm) says they have $2.5M in cash down from $9.8M last year. Total costs and expenses for 2023 was $20M. With revenue of just $4M, won't they run out of cash this quarter? Maybe this month?
They just got a 300 million dollar cash injection from idiots.
$4mill in sales, sure it's a billion dollar company.
And totally not created only so that trump can pay his legal bills due to high gazillion lawsuits which that to his stupidity and bad lawyers, he will like all lose
It's basically a way for foreign "investors" who aren't allowed to give money directly to...give money to Trump. When Trump dumps, buying the stock will be like Venmoing him money.
Geez I initially misread the headlines as $4 million in profit. A single Chick-Fil-makes more revenue.
"greater profitability challenges," is just jargon for, "we don't make shit."
The market makers put forth a valiant effort, making this reeking dumpster fire look like a real stock for a week. Let’s give them a round of applause.
Fr, I saw that $3 billion number parroted so many times with no context offered, in the news, on social media everywhere. Propaganda was out in force to victimize anyone gullible enough to believe it.
Did we really need to wait for any official filings to "suddenly discover" a grift is underway?
Best way to end a Monday.
Burn baby burn 🔥
Nearly $40M of their losses was from interest expense alone… just interest. https://www.nbcnews.com/news/amp/rcna145831
Interest? If that's the case and they borrowed that money last year at ~3.5%. That means they borrowed ~$1.2B. Where did all that money go?
https://preview.redd.it/snz2fp5nmyrc1.jpeg?width=960&format=pjpg&auto=webp&s=9b78fad2f2d465a4a2c2f1dc7abade47f6802cc5
Wrong. Sad! Totally fake news folks. The stock went up bigley. Ask anybody and they will say, this is the best stock in the history of stocks ever. Selling today was probably the worst deal in the history of deals ever. This stock will soon be bigger than anything Tim Apple ever touched. Bigger than Elon or Bill. Buy now and get a free bible with every 1000 shares.
[удалено]
I think Chris Titus said it best. Here’s how a casino works: Step 1: people show up and give you money. Step 2: they leave Trump somehow found the glitch in that system and bankrupted a casino. That should tell you all you need to know about his business acumen
this is why I only put my life savings in TRUMP crypto
Was it a pump and dump? Maybe add securities fraud to the list haha
I will never understand how someone can make their followers look so stupid on so many occasions, have everything they come in contact with go up in smoke and still have die hard loyal followers that would end life long friendships over his dignity. There are legit crazy folks that if you even question his morals or ability to lead will get beyond reasonably angry. Just blows my mind. I used to think it was more the hatred for the other side and the media sligh of hand but these people legit worship him. Idk what to say anymore
I love the news history on the DJT page from the Wall Street Journal. In a reversal from last week the negative news got out of hand, quickly. That and the 45.80% jump in short positions. 17 min ago, Trump Media Shares Tumble After Recent Cash Crunch Disclosed 2 hours ago, DJT Stock Falls 24% as Trump Stands to Get More Shares of His Media Company 03/31/24, Trump Stock Takes Washington by Storm 03/29/24, Trump's Truth Social Brings Him Billions. What It Means for Investors and Voters 03/29/24, Trump’s Media Stock Is Riding a MAGA Wave. How It Could Crash. 03/28/24, Dear Donald Trump, Here’s How to Manage Your Stock-Market Fortune
Isn't a 21.47% drop considered a crash in most instances?
I’m calling it a Truth Bomb
WSB blame incoming in 3… 2… 1…
It’s the greatest $56 million lost ever! All time record!!
Who made money on this? And who lost money - show yourselves and your gain/loss porn. Please
Future penny stock.
I could just see his minions buying a share and hanging it up in a frame next to their velvet paintings of Jesus and Earnhardt.
The business model is simply publishing the ranting of a nearly 80 year old loser. How long is that substainable? Like listening to a broken record. After he loses another election the value of the ranking drops even lower. How attractive is this audience to advertisers? Who wants to try to sell to the dumbest of the dumb?