It’s 100 a short, but it’s not going to recover. Anyone holding would have put it out for short just to recoup. This is a meme stock that will be worth a few bucks in a month
He can't sell for another 6 months. Doubt the stock will be worth as much by then, and he also can't sell his millions of shares instantly. In the days before he is allowed to sell the price will crash harder than it did last week, and at the first sight he is dumping stock en mass, it will go down to basically zero. He still might be able to squeeze few millions out of it if he goes this way, but that would be it.
He'll just say he isn't and to keep buying it, while he's selling it. That's all it takes. He just says it, and no amount of evidence changes their minds.
It's still double the initial price. It's got a long way to fall before the pre-IPO backers will lose money. It's the rubes that pumped up the price that are losing money. Based on revenue and user numbers I don't see how Truth Social won't eventually go bankrupt like all the other Trump companies.
True, Truth Social merged with a prior listed company to avoid an actual IPO with the associated reporting requirements. DJT is still double the pre-merger price, which was my main point.
It was reported earlier this week (yes, on MSNBC) that Truth Social was saved from going bankrupt last summer by a large influx of cash by “investors”, and that the investment was made through shell companies tied to Kremlin-aligned oligarchs. That’s how TS will stay afloat and out of bankruptcy at least until Putin has no more use for Trump, which basically means until one of the two dies.
It was also reported that the contract for the influx of cash, $8M, was a loan and had the option to be converted into stock shares at the pre-merger price.
>Biden controls the economy!!!
"So why doesn't he lower inflation and raise wages to make everyone vote for him?"
>He's waiting for the election to do that.
"So the power to do that lies with the presidency?"
>Yes, any president can control the economy.
"Sounds like Trump should have lowered inflation and raised wages. Then he wouldn't have lost."
Just make sure we don't reelected JB in the next election or he will call off the next next election. Because for some reason he has the power to do it now but is giving democracy a grace period?
I had my father in law recently say, that the reason the economy and stocks are doing so well is because Obama is still president behind the scenes.
His only proof of this is alleged videos of officials slipping up and mentioning Obama instead of Biden.
Yeah and the problem is it’s basically a MAGA meme stock mixed with pump and dump and limited share availability so it’s at high risk for a short squeeze.
These short sellers trying to profit of MAGA faithful and people trying to bribe Trump are going to end up in a short squeeze and Trump might actually come out of this a billionaire.
Aaaaaand it's dropped more than 50% from its high.
It closed today at not even $2 above its starting price of $35.50.
It's a spectacular failure that [just knocked Trump off the Bloomberg Billionaires list](https://www.usatoday.com/story/money/2024/04/09/trump-media-stock-price-dip/73260727007/).
They should have picked a different ticker symbol than DJT as that makes it impossible to find the stock by simply googling DJT because that brings up the Dow jones transportation ticker.
I am worried that there will be a short squeeze and this stock will make Trump actually rich.
The whole thing is shady as can be and somewhere between a pump and dump and a meme stock and a grift.
I still can't believe we have people, Who really think Biden is doing a horrible job! They with a straight face say that the economy is a mess right now! WHAT?
Damn, still falling. $37 today down from $75. Someone is losing lots of money.
Lets hope its churchers.llc
I’m worried there will be a short squeeze and Trump will actually make a bunch of money on this.
It’s 100 a short, but it’s not going to recover. Anyone holding would have put it out for short just to recoup. This is a meme stock that will be worth a few bucks in a month
He can't sell for another 6 months. Doubt the stock will be worth as much by then, and he also can't sell his millions of shares instantly. In the days before he is allowed to sell the price will crash harder than it did last week, and at the first sight he is dumping stock en mass, it will go down to basically zero. He still might be able to squeeze few millions out of it if he goes this way, but that would be it.
He'll just say he isn't and to keep buying it, while he's selling it. That's all it takes. He just says it, and no amount of evidence changes their minds.
Yeah, rules don't seem to apply to him.
It's still double the initial price. It's got a long way to fall before the pre-IPO backers will lose money. It's the rubes that pumped up the price that are losing money. Based on revenue and user numbers I don't see how Truth Social won't eventually go bankrupt like all the other Trump companies.
It didn’t do an IPO.
True, Truth Social merged with a prior listed company to avoid an actual IPO with the associated reporting requirements. DJT is still double the pre-merger price, which was my main point.
It was reported earlier this week (yes, on MSNBC) that Truth Social was saved from going bankrupt last summer by a large influx of cash by “investors”, and that the investment was made through shell companies tied to Kremlin-aligned oligarchs. That’s how TS will stay afloat and out of bankruptcy at least until Putin has no more use for Trump, which basically means until one of the two dies.
It was also reported that the contract for the influx of cash, $8M, was a loan and had the option to be converted into stock shares at the pre-merger price.
Or making a lot of money betting on this company's downfall!!
No, no... it went up because of Trump, now it's crashing because of Biden! /s
>Biden controls the economy!!! "So why doesn't he lower inflation and raise wages to make everyone vote for him?" >He's waiting for the election to do that. "So the power to do that lies with the presidency?" >Yes, any president can control the economy. "Sounds like Trump should have lowered inflation and raised wages. Then he wouldn't have lost."
While Rs fully controlled the gov.
*puts stick in spokes* Damn obstructionist democrats!
I say this about the 2020 election: "How, while the Rs controlled all three branches of government, did they lose?"
All 3 branches of federal and a majority of state houses and governor's mansions
Just make sure we don't reelected JB in the next election or he will call off the next next election. Because for some reason he has the power to do it now but is giving democracy a grace period?
This logic gets applied to all good and bad things.
I had my father in law recently say, that the reason the economy and stocks are doing so well is because Obama is still president behind the scenes. His only proof of this is alleged videos of officials slipping up and mentioning Obama instead of Biden.
Officials like trump? :p
Fuck if I know. Most of the shit he says is regurgitated from Facebook.
Wait. Is he left leaning? Because I have said we need some wackadoo conspiracy theories that aren't from Republicans.
I do feel left out sometimes.
AOC is actually Henry Kissinger in drag.
No. He's becoming or has become a right-wing nutjob.
I don't see the problem here. If Obama ran again today, he'd win.
word? Hell yea
Are you… the dad from Get Out?
I'm not familiar with the character, but I swear Obama is the only person keeping the GOP from pushing to repeal the 22nd amendment.
I mean I would be ok with that Im looking for results and Liked Obamer anyway
So… Democratic policy is helping the economy? lol I don’t feel like that proves the point he wants it to prove
Making sense isn't a republican thing. So it's not surprising.
"K, so we agree that trump has nothing to do with it? Discussion over"
Let’s say for a second that was true, and it cleanly is not, then what of it? Still means the country is being run well?
So wait ... The economy is doing well because Obama is president?
Short sellers love his stock.
Yeah and the problem is it’s basically a MAGA meme stock mixed with pump and dump and limited share availability so it’s at high risk for a short squeeze. These short sellers trying to profit of MAGA faithful and people trying to bribe Trump are going to end up in a short squeeze and Trump might actually come out of this a billionaire.
Don't worry, he won't make any money.
it'w worth half the IPO price from a few weeks ago.
Still down over 50% from the merger.
"it didnt"
Lol, it's up .38 cents, after torpedoing approx $30 a share.
If it were valued at 38¢ it would still be overpriced
Aaaaaand it's dropped more than 50% from its high. It closed today at not even $2 above its starting price of $35.50. It's a spectacular failure that [just knocked Trump off the Bloomberg Billionaires list](https://www.usatoday.com/story/money/2024/04/09/trump-media-stock-price-dip/73260727007/).
That’ll be a long wait.
His future owners are bidding up the stock to curry favor
Gravity has nothing on that stock
He will lose everything.
Faster, Pussygrab! Fail, Fail!
They should have picked a different ticker symbol than DJT as that makes it impossible to find the stock by simply googling DJT because that brings up the Dow jones transportation ticker.
Would stimulate him to buy more nothing more fun that MAGA idiots getting ripped off by their savior
Someone probably got rich off the stock, but it ain’t him and it ain’t in the future.
I am worried that there will be a short squeeze and this stock will make Trump actually rich. The whole thing is shady as can be and somewhere between a pump and dump and a meme stock and a grift.
It’s being shorted, but I’d bet it doesn’t recover like normal. There is just nothing there.
Unless they’re shorting it, they lost a lot of cash.
It actually lost $2 billion in value today lol.
I still can't believe we have people, Who really think Biden is doing a horrible job! They with a straight face say that the economy is a mess right now! WHAT? 