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

[Chomper Higgot]

11 minutes ago, impulse said:

 

Even if he had, it wouldn't fit his risk profile.  He'd rather have a decent return on a sure thing than bet on a huge return with a high risk.

 

Which is how he’s made so much money for so many people.

 

 

[candide]

23 hours ago, candide said:

As of yesterday, the price was -33% compared to the introduction price.

Now still lower, at 40.59

 

The Conald never stops winning!

Edited April 6 by candide

[Walker88]

The Grifter-in-Chief made sure he was neither on the Board nor an officer of the company, as that allows him to tout the stock lie about it, in order to entice his goobers to load up. If he were an officer/Board member, his comments would be illegal.

 

He made it safe to lie and do what he always does...grift off his loser cult.

 

And they never learn. Some of his goobers are doing hard time for believing his "stolen election" lies. He speaks of pardons, but the fact is they get only Darwin Awards.

[candide]

4 minutes ago, Walker88 said:

The Grifter-in-Chief made sure he was neither on the Board nor an officer of the company, as that allows him to tout the stock lie about it, in order to entice his goobers to load up. If he were an officer/Board member, his comments would be illegal.

 

He made it safe to lie and do what he always does...grift off his loser cult.

 

And they never learn. Some of his goobers are doing hard time for believing his "stolen election" lies. He speaks of pardons, but the fact is they get only Darwin Awards.

Is he allowed to short his company's stock? 😃

[Danderman123]

Based on Trump's public statements, I am going to buy some Truth Social stock.

[candide]

On 4/6/2024 at 7:16 AM, candide said:

Now still lower, at 40.59

 

The Conald never stops winning!

Now 36.42. It seems it slowly goes down every day.

[pomchop]

On 4/5/2024 at 9:18 PM, Walker88 said:

The Grifter-in-Chief made sure he was neither on the Board nor an officer of the company, as that allows him to tout the stock lie about it, in order to entice his goobers to load up. If he were an officer/Board member, his comments would be illegal.

 

He made it safe to lie and do what he always does...grift off his loser cult.

 

And they never learn. Some of his goobers are doing hard time for believing his "stolen election" lies. He speaks of pardons, but the fact is they get only Darwin Awards.

 

Trump told his marks long ago that he "loves the uneducated" but their lack of education/brains keeps them falling for the con mans cons over and over.  Order up a pair of sneakers (which obviously had not even been made as delivery is 4 to 5 months)....get yourself a trump bible from a man who is the exact opposite of what the bible relates,  don't forget some of those nice cards with trump as superhero....also a piece of the very suit trump was wearing when he was indicted along with a "no surrender" mug shot taken on the day he surrendered....the latest grift con allows you to buy shares of a stock that had 4.6 million revenues and lost 58 million and continues to lose users everyday (could it be that a few of the uneducated are running out of $$ or perhaps have grown a brain?)

 

If none of these grift items appeals just wait a few more days and maybe he will offer up some deeds to buy one square inch of mar a largo or naked pics of ivanka and melania.   Down the road you might even be able to buy a few classified docs of USA nuke secrets unless putin says he wants them all for himself.....and coming soon a piece of a beautiful orange prison  gear , all yours for only $199 per 1/4 of a square inch.

[Danderman123]

I bought Truth Social stock yesterday, based on the recommendation of Donald Trump.

[stevenl]

5 hours ago, candide said:

Now 36.42. It seems it slowly goes down every day.

3 percent per day, I wouldn't call that slowly.

[Danderman123]

1 hour ago, stevenl said:

3 percent per day, I wouldn't call that slowly.

Trump's stock in Truth Social is effectively worthless. Even if he could borrow against it, no one would lend him money based on that collateral.

[earlinclaifornia]

Predicting by the six month required to refrain from selling off his stock, it will be worthless by then.

https://www.tradingview.com/symbols/NASDAQ-DJT/

[Danderman123]

Geez, the stock is down again today. What a dog.

[stevenl]

12 hours ago, earlinclaifornia said:

Predicting by the six month required to refrain from selling off his stock, it will be worthless by then.

https://www.tradingview.com/symbols/NASDAQ-DJT/

He'll find some more people to sue.

[pomchop]

2 hours ago, stevenl said:

He'll find some more people to sue.

maybe he will sue himself or his grifter kids, stiff all his lawyers and disappear? 

 

hope springs eternal...imagine when there comes a time that we do not have to see or hear this con man every day

[Danderman123]

And now I have lost money on my Truth Social stock.

 

Why aren't the Trump fans here buying Trump stock?

[Eric Loh]

Meanwhile while the stock tanked and a loss of $58 million, CEO Truth Social Devin Nunes's salary increased to $1 million this year up from $750,000 last year and will also receive a $600,000 lump sum retention bonus. Grifter just like his dear leader milking their clueless gullible fan-boys. 

[Danderman123]

40 minutes ago, Eric Loh said:

Meanwhile while the stock tanked and a loss of $58 million, CEO Truth Social Devin Nunes's salary increased to $1 million this year up from $750,000 last year and will also receive a $600,000 lump sum retention bonus. Grifter just like his dear leader milking their clueless gullible fan-boys. 

So, when Trump attempts to grab the last of the cash reserves, will Devin Nunes sue him?

[Danderman123]

Here is the major issue concerning the Truth Social scam: its not the Libs who are losing money, in fact, many hold short positions - the billions in lost stock valuation are accruing to those who shorted the stock.

 

Those who lost billions and will lose more are hard core MAGA types - Trump scammed his fans, not the Libs.

[Will B Good]

19 minutes ago, Danderman123 said:

Here is the major issue concerning the Truth Social scam: its not the Libs who are losing money, in fact, many hold short positions - the billions in lost stock valuation are accruing to those who shorted the stock.

 

Those who lost billions and will lose more are hard core MAGA types - Trump scammed his fans, not the Libs.

Spot on....and as someone who hates the whole practise of shorting....I can make an exception in this case.

[candide]

1 hour ago, Danderman123 said:

Here is the major issue concerning the Truth Social scam: its not the Libs who are losing money, in fact, many hold short positions - the billions in lost stock valuation are accruing to those who shorted the stock.

 

Those who lost billions and will lose more are hard core MAGA types - Trump scammed his fans, not the Libs.

That's why the Conald became Republican. A lot more opportunities to scam supporters! 😀

 

My bet is that they will blame the Libs for that! 😀

[Danderman123]

Only down 4% at the open.

 

Is this the worst performing stock?

[Tug]

14 hours ago, Danderman123 said:

And now I have lost money on my Truth Social stock.

 

Why aren't the Trump fans here buying Trump stock?

Well most trump supporters are broke,the wealthy ones are in it for the tax breaks and the rest I suspect are bots or Russian/chinese/iraian/saudi trolls

[earlinclaifornia]

I understand since changing to DLT symbol, it has gone down 48% to the current 34.26

https://www.nasdaq.com/market-activity/stocks/djt

[Danderman123]

Will Truth Social drop into the 20s by close of business today?

 

At any point, some billionaire may decide to swoop in and buy a boatload of stock, either becauae he thinks the stock is undervalued, or he just wants to happen.

 

If not, this going to get perilously close to zero.

[Danderman123]

And the billionaire swooped in at the close of trading Friday to pump the stock a little. The idea is to give investors the weekend to consider whether this was a blip or the beginning of a surge.

[bendejo]

4 hours ago, Danderman123 said:

And the billionaire swooped in at the close of trading Friday to pump the stock a little. The idea is to give investors the weekend to consider whether this was a blip or the beginning of a surge.

I suspect that 6% rise may have been from covering shorts.  The stock is now below what it was a month ago.  Let's see if it will be flattened.

Man, that guy sure loves to be in court. 

 

[Danderman123]

Wow!

 

This stock is dropping 17% in pre-trading today. I have never seen that before.

 

Trump lost something like half a 💸 billion dollars before breakfast today. He's going to be in fine form at the trial today.

[Danderman123]

And it got worse - below $27 now.

[placeholder]

This article should be required reading for anyone planning to purchase stock in Truth Social

 

Trump Media's First Auditor Quit Months After Being Appointed

https://archive.ph/lDhYT

 

The auditor who replaced them are basically sleazeballs.

 

[FritsSikkink]

On 4/5/2024 at 7:00 AM, Skipalongcassidy said:

How does it feel to know that my vote cancels you out completely???  555

I have enough believe that are more sane people in the USA then idiots.