Truth Social shares go into freefall after investors learn how much money it really makes

[Thingamabob]

3 hours ago, mfd101 said:

Would it save the company if he changed its name to something that reflects more accurately its status and purpose?

 

For example: Lies Social.

How long did it take you to comeup with that ?

[mfd101]

20 minutes ago, Thingamabob said:

How long did it take you to comeup with that ?

Approximately 5.3 seconds.

[Walker88]

It's already the most heavily shorted stock on the exchange, which is pure Rodney Dangerfield ("I tell ya, I get no respect").

 

Since borrowing a new issue to short is not easy, there is the possibility of a short squeeze. Everyone would see that possibility, yet they're still short and seemingly unafraid. Crazy.

 

There is that book by Rick Wilson "Everything trump Touches Dies". I guess that is what the market believes.

[Danderman123]

11 minutes ago, Walker88 said:

It's already the most heavily shorted stock on the exchange, which is pure Rodney Dangerfield ("I tell ya, I get no respect").

 

Since borrowing a new issue to short is not easy, there is the possibility of a short squeeze. Everyone would see that possibility, yet they're still short and seemingly unafraid. Crazy.

 

There is that book by Rick Wilson "Everything trump Touches Dies". I guess that is what the market believes.

The thinking is that fear of the stock going to $0 will prompt everyone to sell at any price. So, no short squeeze.

 

Still not much here from the Trump fans about their Leader's stock.

Edited April 2 by Danderman123

[Tug]

4 hours ago, RichardColeman said:

I support Trump in most things, but there is a major difference in supporting someone and knowing what is a good and bad investment or when to sell. I would have bought this stock on day 1 and sold on late day 1.  I think Trump is a great business man - many of you do not - but this platform business to me is not one of them.

There was an American showman named PT Barnum back in the day he is still famous for his saying of there is a sucker born every minute.citzen trump takes full advantage of that…….

[scottiejohn]

1 hour ago, Tug said:

There was an American showman named PT Barnum back in the day he is still famous for his saying of there is a sucker born every minute.citzen trump takes full advantage of that…….

Oh dear yet another sucker believing mis quotes!

Barnum's biographer Arthur H. Saxon tried to track down when Barnum had uttered this phrase but was unable to verify it. According to Saxon, "There's no contemporary account of it, or even any suggestion that the word 'sucker' was used in the derogatory sense in his day. Barnum was just not the type to disparage his patrons."^[1]

Some sources claim that it is most likely from famous con-man Joseph "Paper Collar Joe" Bessimer!

There's a sucker born every minute - Wikipedia

[Tug]

1 hour ago, scottiejohn said:

Oh dear yet another sucker believing mis quotes!

Barnum's biographer Arthur H. Saxon tried to track down when Barnum had uttered this phrase but was unable to verify it. According to Saxon, "There's no contemporary account of it, or even any suggestion that the word 'sucker' was used in the derogatory sense in his day. Barnum was just not the type to disparage his patrons."^[1]

Some sources claim that it is most likely from famous con-man Joseph "Paper Collar Joe" Bessimer!

There's a sucker born every minute - Wikipedia

Perhaps,it’s always been attributed to him as far as I can remember (that’s longer than I care to admit)…… here’s another little tid bit for ya didn’t they start selling this (insert word here) on April fools day?oh boy lol 😂 yup there’s a sucker born every minute 

[jerrymahoney]

9 hours ago, jerrymahoney said:

11 hours ago, scottiejohn said:

Or better still; "Anti social lies"

Or something like "Alternative facts you can believe in."

I don't know what is 'ilk'. I just thought a slogan with 2 negative words (anti-social and lies) would not be an upbeat message. Like the old Northwest airline (now Delta) ads -- do you really put wings on your heart? And I'll take the 3 like emojis to the one sad 

 

 

Edited April 2 by jerrymahoney

[Skipalongcassidy]

8 hours ago, Tug said:

 it’s always been attributed to him as far as I can remember (that’s longer than I care to admit)…  

Only to the truly ignorant and uneducated.

[Tug]

3 minutes ago, Skipalongcassidy said:

Only to the truly ignorant and uneducated.

Awww now ya hurt my feeling and I only had one left Bo ho. lol 😂 

[novanova]

23 hours ago, Danderman123 said:

I would, if I knew how to short a stock.

Buy puts.

 

https://finance.yahoo.com/quote/DJT/options/

[Danderman123]

1 hour ago, Skipalongcassidy said:

Only to the truly ignorant and uneducated.

So, did you buy any Truth Social stock?

[Danderman123]

Some shorts were settled on Monday, resulting in a small rise in share price of Donald stock. Look for further declines this week.

[Walker88]

Cash Crunch donny is now suing the co-founders of Truth (sic) Social, claiming---despite the fact the platform was their idea and they introduced trump to it when Twitter banned him---the two men "mismanaged" their own idea. trump wants a judge to grant him all of their shares in the company.

 

The two guys---Wes Moss and Andy Litinsky---were originally contestants on trump's game show The Apprentice.

 

Some might remember another contestant on his game show---Omarosa Manigault---was later appointed as an Assistant to the President when trump was in the White House. Omarosa secretly taped meetings in the WH Situation Room, eventually quit/was fired (up in the air, though she has a tape of her last day), and she subsequently wrote a book "Unhinged", about her time inside the White House, in which she claimed trump was a racist and in deep mental decline. trump tried to sue her for violating a Non Disclosure Agreement, which ostensibly prohibited her from ever saying anything negative about trump or his family, even covering her time as an employee of the US Taxpayer. The court ruled the NDA was improper and ordered trump to pay Omarosa's legal costs of $1.3 million.

 

Let's see how Moss and Litinsky do in court.

[Walker88]

2 hours ago, Danderman123 said:

Some shorts were settled on Monday, resulting in a small rise in share price of Donald stock. Look for further declines this week.

The term on Wall Street for that action on Tuesday is "Dead Cat Bounce".

[JJGittes]

21 hours ago, RichardColeman said:

I support Trump in most things, but there is a major difference in supporting someone and knowing what is a good and bad investment or when to sell. I would have bought this stock on day 1 and sold on late day 1.  I think Trump is a great business man - many of you do not - but this platform business to me is not one of them.

 

You lost me at: "I support Trump in most things."

[John Drake]

Trump already suing Truth Social co-founders.

 

Quote

Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.  https://www.yahoo.com/news/trump-sues-truth-social-co-003924976.html

 

[Walker88]

1 hour ago, Walker88 said:

Cash Crunch donny is now suing the co-founders of Truth (sic) Social, claiming---despite the fact the platform was their idea and they introduced trump to it when Twitter banned him---the two men "mismanaged" their own idea. trump wants a judge to grant him all of their shares in the company.

 

 

In the ongoing Theater of the Absurd that is trump, I can see how this court case against the founders of Truth (sic) Social might go.

 

trump is suing them for "mismanagement".

 

Here's the scenario, kind of straight from My Cousin Vinny:

 

trump: Your Honor, I call as an expert witness on mismanagement.......me.

 

Judge: What are your qualifications as an expert witness on mismanagement?

 

trump: Six bankruptcies and several dozen failed start-up companies.

 

Prosecution: I have no objection, your Honor

 

Judge: Please take the stand and swear in.

[candide]

So only a few days after the initial public offering, they publish bad results!

They couldn't have been unaware of these bad results before the initial public offering, could they?

Hmmm.....

[Chomper Higgot]

40 minutes ago, candide said:

So only a few days after the initial public offering, they publish bad results!

They couldn't have been unaware of these bad results before the initial public offering, could they?

Hmmm.....

Cause to delist the sock?!

[Dolf]

21 hours ago, Danderman123 said:

None of the Trump fans here admit to having bought any DJT stock, probably because most aren't US citizens.

 

 

It loses money. No reason to buy it. The US market got sold off last night. Looks overpriced in general.

[candide]

23 minutes ago, Chomper Higgot said:

Cause to delist the sock?!

I am not familiar with the SE regulations, but I would assume one should not hide information which may affect the value of the offering.

Edited April 3 by candide

[Danderman123]

1 hour ago, candide said:

So only a few days after the initial public offering, they publish bad results!

They couldn't have been unaware of these bad results before the initial public offering, could they?

Hmmm.....

The information published yesterday was consistent with earlier filings.

 

People who bought the stock at $60+ were idiots.

[candide]

1 hour ago, Danderman123 said:

The information published yesterday was consistent with earlier filings.

 

People who bought the stock at $60+ were idiots.

Ok

[Danderman123]

Hey! Where did all the Trump fans go?

 

I guess I could get them back by typing the words "Hunter Biden" but that doesn't seem to work anymore.

[Tug]

48 minutes ago, Danderman123 said:

Hey! Where did all the Trump fans go?

 

I guess I could get them back by typing the words "Hunter Biden" but that doesn't seem to work anymore.

Yea I was wondering were all the fluffers are as well Lol 😆 

[candide]

1 hour ago, Danderman123 said:

Hey! Where did all the Trump fans go?

 

I guess I could get them back by typing the words "Hunter Biden" but that doesn't seem to work anymore.

Waiting for instructions! 😅

[Skipalongcassidy]

21 hours ago, Danderman123 said:

So, did you buy any Truth Social stock?

No... but I bet plenty of retirement portfolios have it.

[Tug]

40 minutes ago, Skipalongcassidy said:

No... but I bet plenty of retirement portfolios have it.

Folks in charge of people’s pensions had better be smarter than to fall for an obvious trump grift/fraud I know mine are!

[Danderman123]

2 hours ago, Skipalongcassidy said:

No... but I bet plenty of retirement portfolios have it.

Any pension fund manager who invested in DJT has probably already been fired by now.

 

Pension funds look for stable stocks, not stocks diving to zero.