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


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Posted

I will say that there'll be some short covering on the way down, so that would provide some artificial buying pressure.  But the selling will still out pace the buying up until the election. 

Posted
3 minutes ago, Berkshire said:

I will say that there'll be some short covering on the way down, so that would provide some artificial buying pressure.  But the selling will still out pace the buying up until the election. 

 

 

Can you see who is 'shorting' like you can in the UK?

Posted

While this DJT stock may be Trump's most profitable grift to date, the guy never stops trying to rip off his hapless supporters.  There was the bible, the sneakers, etc, and now (again) the digital trading cards....

 

[American YouTuber and technology reviewer Zack Nelson was one of many people to criticise Trump on Twitter/X, writing: "Taking money from the poorest, least financially intelligent people on the planet should be a crime. This is worse than jpg monkeys."]

 

https://www.msn.com/en-us/lifestyle/lifestyle-buzz/trump-accused-of-taking-money-from-the-poorest-after-releasing-new-set-of-digital-trading-cards/ar-AA1pzkr2?ocid=hpmsn&cvid=0c5f03b7ae88466aa145c27552b8d819&ei=17

 

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Posted
On 8/29/2024 at 10:54 AM, Danderman123 said:

The share price is below $20, are the Trump backers going to throw money at this POS tomorrow?

I just checked it a little while ago and it was a bit below 19.

Posted
5 hours ago, placeholder said:

I just checked it a little while ago and it was a bit below 19.

It's $18 now.

 

The question is whether Trump's investors have another short squeeze left in them.

Posted

Story was that the teevee network offered him $25 million to go back on The Apprentice, which he obviously refused.  Look how much he could have avoided.  I wonder if he regrets it.

 

Posted
9 hours ago, Berkshire said:

The one guy who's sweating the most from this freefall is a certain DJ Trump.  The guy owns over 100 million shares, so each day it drops, he's losing millions.  Come 20 Sep, he's going to want to salvage what's left of his squandered wealth.  This, of course, will mean the total collapse of the DJT stock.  Pity his supporters. 

It's $17.84 before the market open.

 

Maybe today is the day they try the short squeeze. I can't believe they are going to let it drop and die.

Posted
13 minutes ago, Danderman123 said:

It's $17.84 before the market open.

 

Maybe today is the day they try the short squeeze. I can't believe they are going to let it drop and die.

I value it at $1. I can't believe it's $17.

Posted
On 8/21/2024 at 3:40 PM, Lacessit said:

Put criminals in jail. She's probably looking forward to who is next.

 

On 8/21/2024 at 3:56 PM, Yellowtail said:

While feeding at the public trough. Now she's bragging about letting the people out early that she put in jail to start with. 

Wow... finally you got something right @Yellowtail.... prosecutors are government employees!  But of course you call it a trough because that's what you use too?

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Posted
11 hours ago, gargamon said:

Oh, my.

Screenshot_20240904_090831_Iron.jpg.03e89ceb34976ca10a5bd11bc57c6234.jpg

What's that saying in share trading - the trend is your friend?

 

Certainly looks like it for short sellers.

 

A rise of two cents. The other expression is "dead cat bounce".

Posted

The Day of Reckoning is fast approaching....this Friday.  That's when Trump and other insiders can unload their DJT shares.  Trump claims he won't sell....but of course we know he lies.  Regardless, the other insiders (who own roughly 11% of the float) can and most probably will unload their shares.  Will be interesting. 

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Posted
4 hours ago, Berkshire said:

The Day of Reckoning is fast approaching....this Friday.  That's when Trump and other insiders can unload their DJT shares.  Trump claims he won't sell....but of course we know he lies.  Regardless, the other insiders (who own roughly 11% of the float) can and most probably will unload their shares.  Will be interesting. 

 

If he decides to sell some shares, will it be public knowledge that he sold or is trading volume unattributed? 

Posted
10 minutes ago, RuamRudy said:

 

If he decides to sell some shares, will it be public knowledge that he sold or is trading volume unattributed? 

It will not be public for a few days but officers need to disclose trades. He will report at the deadline limit though.

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Posted
7 minutes ago, Eric Loh said:

If Trump sell, it would trigger a fire sale and will anger his fervent supporters and cost him votes.

If he don't sell, it has big risks as share price tumble due to very poor business fundamentals. 

He is in a rock and a hard place and more mental agony.

 

He will look for a sale without changing ownership. He wants the money but not the crash. The trick is making legitimate in front of a court when he is sued for it. He may already be in prison by then.

Posted
On 9/4/2024 at 7:27 PM, maesariang said:

I value it at $1. I can't believe it's $17.

Based on PE it was worth fifty cents six months ago. Price = Earnings x 20 / Outstanding shares. The earnings dropped a lot after last year. so twenty five cents might be more accurate.

 

There are way too many shares and way too little earnings. The court should freeze the assets and assign an administrator immediately.

  • 3 weeks later...
  • 2 weeks later...
Posted

The thing about truth social is it's a meme stock. Its fortunes for now follow what Trump fans believe his chances are to win the Presidency. But these considerations have nothing to do with the company itself is financially viable. Its membership is relatively small, it hasn't grown lately, engagement is down, it's burning through cash, and income is negligible. What does it offer as a real business that makes anyone believe it's going to be self-sustaining?

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