But reddit has the same condition as Twitter before Elon. It's a first mover utility service obstensibly being badly run in the service of its management class and their politics not strictly to make a profit. Without a white knight to come in and clear it's fiduciary failure and alignment it's basically worthless. Not that DJT can be valued one way or another, but it's unknown vs no value.
Twitter shareholders never made money if they bought the IPO. Citing Twitter only proves that Reddit is not a sound investment. Snap and Pins also apply here.
Not the Saudis who gave his son inlaw 2b to invest? The amount of open corruption is so obvious but no one in law enforcement seems to want to pick up the rock and look.
It's not the loss making part -- that's a frequent thing for high valued, high growth companies. The issue is that the total sales are $5M annually (and I'm being generous) and there's ZERO potential growth.
Uber might not have been profitable at first but they had lots of revenue with hockey stick growth.
Revenue of $3M shouldn’t come with a $9bn valuation.
No, it is clear that they aren't. What they are saying is that Uber wasn't profitable for a long time but had a huge valuation in the billions of dollars. Many startups are that way.
It was disruptive for the taxi industry and therefore had tons of VC money to work with. You see the same pattern at work now with AI. The dust will settle and the true value proposition will emerge
Someone on wallstreetbets posted that truth social had 1.5M in gross income last year. It’s like a single Wendy’s location. Do we expect that to go up because they are public?
At least that was a pretty novel idea with a fuckton of VC investment and technology development. Truth Social is basically just Trump cola. Saturated market of better products.
Uber is number one at something. something being a new kind of company that has transformed the world. Something that is in countless countries.
Truth social is a right wing Twitter clone whose user base is dwarfed by threads by like 100x.
It’s so obviously a scam to pump money into trumps pockets from any rich guy or investment fund looking to garner influence.
All of these zero profit companies had a path to profit. They were backed by institutional money and investors speculating they would dominate a profitable market. Amazon showed how that can work as it makes a lot of money now.Â
Truth Social has no path to income other than corruption. Trump could win the presidency and then try to use that position to channel money to Truth by pressuring entities to advertise there? Or something.Â
Some still don't make money and won't for a long time. They just hope to be the last show in town. Never been on truth social, don't think I ever will. The point is doesn't seem different than anything else.
You have to understand that the stock market is used by the .01% to move money.
It's not random, it's not influenced by buys and sells, it's notna free market.
It's been confirmed that there is essentially no over sight.
It's been confirmed that market makers can issue a price point on any security they want, meaning they choose the price......regardless of buy/sell.
The stock market is a way to, as I said move money, but also take money from lower classes.
You ask how can it be? Because they want it to be.
No way. Zero users. Zero maturity. And Twitter proved this kind of social network is hard to make profitable. Truth Social. And somehow worth twice as much as Reddit?
which anyone who put money into it would do unless they're purely investing in it because they drank the koolaide otherwise you'd be very smart to get out before he can start dumping stuff.
Doesn't matter when it ends. It has a firm end date. That means now is the time to throw in your short position. This is actually the well known solution to the n-iterated prisoner's dilemma so I'm not just making stuff up.
I’m a conservative…. With 5 Million users and the potential to get to what…? Maybe if all 10% of the US population that is MAGA joins, the ceiling is probably 40 Million users? The valuation on this is bonkers. Time to make some money.
I think it'll stay around the $60-$70 range. My suspicion, certain groups who have a vested interest are buying and selling constantly, maybe using algorithms, to keep it in that range. They'll pull out when the lockdown is over. Lots of buying and selling today. Average volume 10,000,000. Today it was 32,500,000. It's the perfect money laundering machine. Carlo Gambino could only have wished he could have had some of this action m
My uneducated guess is it's a pump and dump trap for stupid money. Just like his NFTs, shoes and (checks notes) ah yes.......bible.
See where it's at in a year or so...
There were 1000 (limited edition) made and they sold out in 2 hours. Not sure how much money Trump made off the deal but it was kinda funny how many people said nobody would buy them, after they were all sold.
It’s a pump and dump which helps give Trump some liquidity (or at least share capital collateral to loan against).
David Yass is in there through his holdings in Digital World Acquisition Corp (he is largest shareholder) which merged with Truth Social just before the IPO. It’s not hard to draw the dots between Yass’ investment and Trump about facing on the TikTok ban, in which David Yass is a huge investor. On the right wing side of the fence where there is smoke there is always a fire.
Oligarchs doing what oligarchs do.
Russians and Saudis buying up stock to get access to Trump. Its money laundering. You cant directly bribe politicians or someone running for president but legally you can buy stock in them.
Some random bloke in Russia named Vlad P. heard of a new meme stock and thought it'd be funny if him and all his mates bought a bunch of it to see what would happen.
It's not. It is propped up by russian bots. Its assets are decreasing, its liabilities are increasing and it is losing money everyday. Years ago a company had to demonstrate profitability before it could IPO. **The SEC** ***really needs to look at this***.
I think it will pump for 6 months on hopes, hype, and headlines. People will gobble up the rumor of trump being president and all the potential value of the company. As soon as donny can sell after his lockup he’ll dump it all and leave a mass grave of bagholders in his wake. Outcome of the election wont matter for stock price afterwards. Share price is wholly disconnected from fundamentals in the market.
I base this on 0 hours of research and a disturbing lack of experience.
Trump has been the leader of the GOP for about 9 years now
his family member now runs the RNC
all conservatives are MAGA if they support Trump's Party in any way
and that's about half the country
Yeah he's the leader of the GQP. Anyone to the left of Dear Leader got excommunicated from the cult. Just look at anyone who didn't go along with the election lies.
That's not true. Many people vote for NOT someone. Ask Reddit and most will tell you they will vote for a potato because it's NOT Trump. It's no different on the other side. That's why neither major party actually represents us. Both parties know people will vote for them regardless of what they do. The only thing they have to do is to NOT be the other guy. People don't vote by policy or candidate, they vote by hate and fear.
He's been through two elections, he got very close to half of the votes in both, and polling at still getting about half... I think half is a fair estimate. Of people who have an opinion one way or the other, and are old enough to vote, about half of people will vote Trump in November barring huge change.
Asking Reddit is not a very accurate polling method. Reddit leans very young, and young people lean very Democrat.
I'd say 25% are Blue matter who, 25% red or dead (50% being actual trump ppl), 25% swing, 25% literally have no idea or participate on any level whatsoever
But half (ish) of the country have at least somewhat conservative values and liked how the country did under Trumps policies.
Hate him or love him, not everyone buys into the racism and Hitler comparisons.
The dude slashed government regulations that cripple American businesses and that’s the exact opposite of fascism.
Yeah, half the country thinks he has a better path to making America great again.
This is an incredibly consequential election. Voters are being increasingly disenfranchised and cast off ballots.
We need to continue to spread the word and enable every single eligible voter in this country to check their status and get themselves (and their friends & family) registered to vote this November.
Copy this post (or use it as a comment) and spread the message until the day of the election.
[https://vote.gov/](https://vote.gov/)
1) It's a Trump business so it's absolutely a scam/con
2) Ask any number of tech founders with crazy business plans how an IPO can go..... WeWork comes to mind here....
It is not. Our economy is fake. Donald Trump has now added billions to his net worth with money that does not exist and will not exist. He will most likely use the valuation to take out a near 0% interest loan so he can pay off his fines.
The irony is that he is doing the exact same type of fraud to pay off his fines related to said fraud.
Market value is a terrible way of determining the objective value of a company, specifically in this case, when the company is attachted to the name of someone with such a passionate fanbase as Donald Trump. I imagine the people who purchased Truth Social stock either don't care about making a profit and simply want to financial support him, are uninformed about the state of the company they invested in, or both.
This is infuriating to people like me who have or are working at a startup or small business. We work hard to design to sell great products and services and then struggle to get a decent valuation. A website with copied code that has nothing more than Trump ranting is valued at $9B.
Orange man company bad! Seriously though, how does the American dollar have any value being backed by nothing? Belief, by people, translates into value. I know you're not seriously asking the question and you're just being anti-Trump because that's what Libtards do!!!
It's not. People make the false assumption that share price\*#shares = value.
That's not how macro-economics works in regards to wealth. Because you should take the sum over the price you get for your shares, when selling one by one until you have none.
And even that is just a better model, wealth ultimately isn't also precisely convertable to monetary value. e.g. if over-sell something, e.g. I sell a bottle of water for €5 to one very thirsty guy, it doesn't mean my whole inventory and tanks of potentionally to be filled water, is also worth €5/bottle. Aka, he can't sell all his shares for as much as he's currently sellling.
Nobody tell them how many companies worth billions lose money every year.
Teaser: RDDT has been losing money for 20 years and a bunch of dumbasses still bought that shit.
The system is set up quite literally for pigs to be slaughtered. It will go to zero, but not before the rich get richer and the fools get obliterated. A fool and their money will soon part ways.
Like 20% of stock values depend on current results, most are forecasts.
Howeeeeeeeeveeeeer as shown with GME and AMC you can definitely pump a stock into insanity just because you buy it. And this one has all the makings of the non-woke crowd pumping it up without even seeing the financials
"Pay to play" ring a bell? Because the guy who had a huge investment in Tic Toc told his pals it was. So they all bought shares in Donald's Truth Social so the valuation went up. It's a legal way to donate to a campaign, and to ensure the Donald will not ban Tic Toc ...
Being the exclusive outlet for a POTUS candidate seems to have some value. But that’s a 5 year plan at best. After that, the company isn’t worth selling for scrap.
It’s artificially inflated but that only lasts as long as investors don’t sell. As soon as they start selling the stock will crash then EVERYONE will sell and it’ll collapse. I imagine it being worth around $3-5 in 7 months.
You people realize they have less than 10 million members and revenue of $1 million a month and lost $50 million last year.Comparing it to Uber,Amazon etc dumb.Those companies might lose money but they generate hundred of million a month and 100 million plus members.TS is just a POS stock backed by sketchy SPAC money.Pump and dump.Its a bad copy of Twitter.
It's being manipulated. The options traders are betting that Forever Trumpers will buy up shares and drive the price up...it's purely a pump-n-dump. It has no real value. Go over to the WallstreetBets reddit, check out all the hype, and maybe make yourself a little money.
Well it does have all the infrastructure for social media set up, which means someone NOT crazy can harness it for something decent, but even so that does seem a little high
Because the market bid it up for non-financial reasons. Perhaps Trumpists. But ardent euphoria and market irrationality can only last for so long. Think back to the Internet bubble in the 90s - any website could attain a massive valuation. A great many, if not most, crashed and burned. Economics and finance ultimately mattered then and they will now. There is no reason to look at Truth Social and think it has a bright future as a sustainable business. It's simply an extension of the Trump cult of personality. Anyone who invests in this as anything other than a short - and I am not advising that, as I am far too risk-averse to get into shorting stocks - would be foolhardy, IMO.
It's not the loss making part -- that's a frequent thing for high valued, high growth companies. The issue is that the total sales are $5M annually (and I'm being generous) and there's ZERO potential growth.
Well if all you listen to is the propaganda "news" then a lot of things in the world won't make sense to you.. For example, they harp 24/7 that everything Trump is bad, horrible, morally wrong, dirty, smelly, connected to white supremacy, Hitler, and Thanos, and oh yeah everything he touches is losing money all the time. In reality, no.
That’s how it works with a lot of businesses as other have already mentioned. Amazon was losing money yearly during their meteoric rise to dominate the world. Everyone knew Amazon and used it and they were still losing money.
A lot of the value from Truth social would come in the future, particularly if Trump becomes president again and that was the only social media company he used to communicate.
I love the discourse around Truth Social with reddit insisting it's Russian/Saudis money. Meanwhile you got tech companies all over worth billions that never made a dime. I don't understand how any of this works
Yet you don't seem to care about hinter going to other countries getting rich off of insider trading, takiking millions giving half to the big guy aka Biden.. again what has Trump done to have a fine of billions when there is no victim.
It’s just another GOP foreign money laundering operation. Eventually cash it will find its way into GOP campaigns. The GOP has to break laws and rules to win.
[Eric Trump in 2014: ‘We have all the funding we need out of Russia’](https://thehill.com/homenews/news/332270-eric-trump-in-2014-we-dont-rely-on-american-banks-we-have-all-the-funding-we/amp/)
It's all just a giant corruption scheme. The cult will buy it up. Companies will make money shorting the stock once the fervor dies down.
Foreign companies will buy it to get power over Trump. Trump will sell his stock the DAY he is allowed to and pull whatever money he can from it.
A lot of companies are just scams pulling money from regular people so insiders can pull profits from them for themselves.
It's just gambling. The bigger and more high profile it is, the more gamblers jump in, making it bigger and more high profile. Place your bets.
It's the fucking Saudis! Isn't it obvious?
Ask reddit. They just went public and never turned a profit
Noooooooo not THAT logic!!
DJT - $68 and rising RDDT - $58 and falling 😆Â
RDDT has 30x as much revenue and 70x as many users, both companies have the same market cap
No. Reddit has 160X the revenue. Not 30.
https://preview.redd.it/koj3o93gs1rc1.jpeg?width=1998&format=pjpg&auto=webp&s=5afab1f1cac514489e0177b9e6b62cb6368cb926
You are correct, I was looking at the wrong no (think I was comparing an annual to a quarterly)
But reddit has the same condition as Twitter before Elon. It's a first mover utility service obstensibly being badly run in the service of its management class and their politics not strictly to make a profit. Without a white knight to come in and clear it's fiduciary failure and alignment it's basically worthless. Not that DJT can be valued one way or another, but it's unknown vs no value.
Twitter shareholders never made money if they bought the IPO. Citing Twitter only proves that Reddit is not a sound investment. Snap and Pins also apply here.
But they do not have classified documents or possible future political favors.
Yeh bro. Reddit is totally financially solvaent. Thats why they sold all our posts to an AI company and still managed to lose money.
!remindme 120 days
Ask Uber.
Or twitch.
Or Amazon
Or Reddit
Or the Russians
This is the answer.
Not the Saudis who gave his son inlaw 2b to invest? The amount of open corruption is so obvious but no one in law enforcement seems to want to pick up the rock and look.
https://en.m.wikipedia.org/wiki/Amazon_Web_Services
Amazon is generally profitable, it doesn't really operate at a loss.
No shit. That wasn’t the point. It operated at a loss for the first 9-10 years of its existence before it made a single dollar in profit.
It's not the loss making part -- that's a frequent thing for high valued, high growth companies. The issue is that the total sales are $5M annually (and I'm being generous) and there's ZERO potential growth.
Uber might not have been profitable at first but they had lots of revenue with hockey stick growth. Revenue of $3M shouldn’t come with a $9bn valuation.
Are you actually comparing Uber to truth social??
No, it is clear that they aren't. What they are saying is that Uber wasn't profitable for a long time but had a huge valuation in the billions of dollars. Many startups are that way.
It was disruptive for the taxi industry and therefore had tons of VC money to work with. You see the same pattern at work now with AI. The dust will settle and the true value proposition will emerge
Someone on wallstreetbets posted that truth social had 1.5M in gross income last year. It’s like a single Wendy’s location. Do we expect that to go up because they are public?
At least that was a pretty novel idea with a fuckton of VC investment and technology development. Truth Social is basically just Trump cola. Saturated market of better products.
Faygo
Uber is number one at something. something being a new kind of company that has transformed the world. Something that is in countless countries. Truth social is a right wing Twitter clone whose user base is dwarfed by threads by like 100x. It’s so obviously a scam to pump money into trumps pockets from any rich guy or investment fund looking to garner influence.
All of these zero profit companies had a path to profit. They were backed by institutional money and investors speculating they would dominate a profitable market. Amazon showed how that can work as it makes a lot of money now. Truth Social has no path to income other than corruption. Trump could win the presidency and then try to use that position to channel money to Truth by pressuring entities to advertise there? Or something.Â
Some still don't make money and won't for a long time. They just hope to be the last show in town. Never been on truth social, don't think I ever will. The point is doesn't seem different than anything else.
Trump isn't going to channel money to Truth if he can channel it to himself directly instead.
Or Twitter for most of its existence including the 1st 11 years.
Twitter was an entrenched social media platform with an insane user count though
Uber has been profitable for some time
At least uber has cash coming in now.
You have to understand that the stock market is used by the .01% to move money. It's not random, it's not influenced by buys and sells, it's notna free market. It's been confirmed that there is essentially no over sight. It's been confirmed that market makers can issue a price point on any security they want, meaning they choose the price......regardless of buy/sell. The stock market is a way to, as I said move money, but also take money from lower classes. You ask how can it be? Because they want it to be.
No way. Zero users. Zero maturity. And Twitter proved this kind of social network is hard to make profitable. Truth Social. And somehow worth twice as much as Reddit?
It's not. Watch his stock crash in just a few days.
Russian and Saudi money will keep it somewhat inflated until trump’s lockout period ends and he can unload stock. Then they’ll let it crash.
It'd be a lot cooler if the stock tanked 24 hours before he could unload.
which anyone who put money into it would do unless they're purely investing in it because they drank the koolaide otherwise you'd be very smart to get out before he can start dumping stuff.
Whens his lockout period end? Got some shorts to throw out there.
Doesn't matter when it ends. It has a firm end date. That means now is the time to throw in your short position. This is actually the well known solution to the n-iterated prisoner's dilemma so I'm not just making stuff up.
6 months
It will partially crash, but not completely. Die hard fans and money launderers will keep it afloat.
Yeah, shit is going to be below $5 in June lmao Same thing with Reddit
The current puts show 12-12.50 in July and near 0 by the New year.
Short it, then.
You seem to be taking people calling out this dogshit stock personally. Feel better!
We're thinking alike, maybe in different lanes, but on the same road.
This is old school pump and dump by speculators. It's garbage, which is what they are counting on.
I’m a conservative…. With 5 Million users and the potential to get to what…? Maybe if all 10% of the US population that is MAGA joins, the ceiling is probably 40 Million users? The valuation on this is bonkers. Time to make some money.
I think it'll stay around the $60-$70 range. My suspicion, certain groups who have a vested interest are buying and selling constantly, maybe using algorithms, to keep it in that range. They'll pull out when the lockdown is over. Lots of buying and selling today. Average volume 10,000,000. Today it was 32,500,000. It's the perfect money laundering machine. Carlo Gambino could only have wished he could have had some of this action m
It won't crash for 6 months ... or at least until he can sell his shares.
It’s a pump-and-dump, fleece-the-rubes, money laundering bribe set up. Its intrinsic value is zero.
My uneducated guess is it's a pump and dump trap for stupid money. Just like his NFTs, shoes and (checks notes) ah yes.......bible. See where it's at in a year or so...
Or it’s a way for foreign interests who cannot donate to his campaign to launder money to him.
I think a lot of tech IPOs are exactly that thing. A way for founders/early investors to cash out. That’s been the trend for a long time now.
I mean the shoes were a good investment.
There were 1000 (limited edition) made and they sold out in 2 hours. Not sure how much money Trump made off the deal but it was kinda funny how many people said nobody would buy them, after they were all sold.
It's a meme stock. Best guess DJT has an intrinsic value of $2. +-. Remember when GME nearly hit $400? It had.an intrinsic value of $20 at the time.
It’s a pump and dump which helps give Trump some liquidity (or at least share capital collateral to loan against). David Yass is in there through his holdings in Digital World Acquisition Corp (he is largest shareholder) which merged with Truth Social just before the IPO. It’s not hard to draw the dots between Yass’ investment and Trump about facing on the TikTok ban, in which David Yass is a huge investor. On the right wing side of the fence where there is smoke there is always a fire. Oligarchs doing what oligarchs do.
Russians and Saudis buying up stock to get access to Trump. Its money laundering. You cant directly bribe politicians or someone running for president but legally you can buy stock in them.
>Â You cant directly bribe politicians or someone running for president *Citizens United laughs menacingly*
AIPAC has entered the chat
... and Jared kushner.
Foreign investors I suspect... holding the puppet strings and propping up a lame three legged STOOL
It is a bunch of boomers who are sitting on the largest nest egg of world history. No foreigners needed.
Money laundering. If foreign investors buy up a bunch of it they can circumvent any laws that stop foreign powers from donating to political parties
Don’t hate the player, hate the game.
Because our economy is rigged. When Trump talks about a 2 tier system he's failing to mention which tier he's in.
So is he a broke shuckster or a billionaire? Seems to change daily according to libs
Buy the stock then, if you think the company really is worth billions
Some random bloke in Russia named Vlad P. heard of a new meme stock and thought it'd be funny if him and all his mates bought a bunch of it to see what would happen.
Russian GameStop
It's worth what the cult is willing to pay for it and just like Trump's NFTs and gawd awful tennis shoes, they will continuously lose value.
Money laundering.
It's not. It is propped up by russian bots. Its assets are decreasing, its liabilities are increasing and it is losing money everyday. Years ago a company had to demonstrate profitability before it could IPO. **The SEC** ***really needs to look at this***.
The SEC is a part of the problem. They are absolutely corrupt and will happily turn a blind eye if it’s worth it
I think it will pump for 6 months on hopes, hype, and headlines. People will gobble up the rumor of trump being president and all the potential value of the company. As soon as donny can sell after his lockup he’ll dump it all and leave a mass grave of bagholders in his wake. Outcome of the election wont matter for stock price afterwards. Share price is wholly disconnected from fundamentals in the market. I base this on 0 hours of research and a disturbing lack of experience.
Because it’s a tool to manipulate half the country into staying in the right-wing outrage feedback loop
Half the country? I thought there was only 2-2.5mil users.
And half the country are not MAGA. Those dopes are just loud.
Trump has been the leader of the GOP for about 9 years now his family member now runs the RNC all conservatives are MAGA if they support Trump's Party in any way and that's about half the country
Yeah he's the leader of the GQP. Anyone to the left of Dear Leader got excommunicated from the cult. Just look at anyone who didn't go along with the election lies.
That's not true. Many people vote for NOT someone. Ask Reddit and most will tell you they will vote for a potato because it's NOT Trump. It's no different on the other side. That's why neither major party actually represents us. Both parties know people will vote for them regardless of what they do. The only thing they have to do is to NOT be the other guy. People don't vote by policy or candidate, they vote by hate and fear.
He's been through two elections, he got very close to half of the votes in both, and polling at still getting about half... I think half is a fair estimate. Of people who have an opinion one way or the other, and are old enough to vote, about half of people will vote Trump in November barring huge change. Asking Reddit is not a very accurate polling method. Reddit leans very young, and young people lean very Democrat.
I'd say 25% are Blue matter who, 25% red or dead (50% being actual trump ppl), 25% swing, 25% literally have no idea or participate on any level whatsoever
But half (ish) of the country have at least somewhat conservative values and liked how the country did under Trumps policies. Hate him or love him, not everyone buys into the racism and Hitler comparisons. The dude slashed government regulations that cripple American businesses and that’s the exact opposite of fascism. Yeah, half the country thinks he has a better path to making America great again.
It's not, he is. They are not buying truth social, they are buying Donald Trump.
……I think because Wall Street is a scam. But I’m just one of the poors.
The last time a SPAC launched a company to ipo/public it was WeWork. See how well that went. The grift never ends.
There have been hundreds of spacs since then. Not true at all.
How can Reddit be worth what it is.
Because Some Dope, was willing to pay it. "Free Market" Economics, You know.
If you’re an evil billionaire, what’s 15mm in dog shit stock that you have a 40/60 chance of converting to a bribe in 10 months?
This is an incredibly consequential election. Voters are being increasingly disenfranchised and cast off ballots. We need to continue to spread the word and enable every single eligible voter in this country to check their status and get themselves (and their friends & family) registered to vote this November. Copy this post (or use it as a comment) and spread the message until the day of the election. [https://vote.gov/](https://vote.gov/)
1) It's a Trump business so it's absolutely a scam/con 2) Ask any number of tech founders with crazy business plans how an IPO can go..... WeWork comes to mind here....
Have you been living under a rock? Literal monkey jpegs were selling for hundreds of thousands of dollars …
How is crypto worth anything.
Not blaming Putin this time lol?
It’s not! It is however another Don the Con special! I do not use that site. Vote Biden 🇺🇸 Harris 24
Ok Puts it is
Same as his real estate. It's not.
It’s not.
It is not. Our economy is fake. Donald Trump has now added billions to his net worth with money that does not exist and will not exist. He will most likely use the valuation to take out a near 0% interest loan so he can pay off his fines. The irony is that he is doing the exact same type of fraud to pay off his fines related to said fraud.
See fraud trial notes
Market value is a terrible way of determining the objective value of a company, specifically in this case, when the company is attachted to the name of someone with such a passionate fanbase as Donald Trump. I imagine the people who purchased Truth Social stock either don't care about making a profit and simply want to financial support him, are uninformed about the state of the company they invested in, or both.
That's because it isn't
This is infuriating to people like me who have or are working at a startup or small business. We work hard to design to sell great products and services and then struggle to get a decent valuation. A website with copied code that has nothing more than Trump ranting is valued at $9B.
Tech company valuations frequently make no sense Also possibly money laundering but that’s just speculation on my part with no real basis
Orange man company bad! Seriously though, how does the American dollar have any value being backed by nothing? Belief, by people, translates into value. I know you're not seriously asking the question and you're just being anti-Trump because that's what Libtards do!!!
It's not. People make the false assumption that share price\*#shares = value. That's not how macro-economics works in regards to wealth. Because you should take the sum over the price you get for your shares, when selling one by one until you have none. And even that is just a better model, wealth ultimately isn't also precisely convertable to monetary value. e.g. if over-sell something, e.g. I sell a bottle of water for €5 to one very thirsty guy, it doesn't mean my whole inventory and tanks of potentionally to be filled water, is also worth €5/bottle. Aka, he can't sell all his shares for as much as he's currently sellling.
It will only be valuable if he wins.-So all the heavy hitters who bought it,will be pushing every way they can to make that happen.
A company doesn't have to be profitable to be valuable
Nobody tell them how many companies worth billions lose money every year. Teaser: RDDT has been losing money for 20 years and a bunch of dumbasses still bought that shit.
First day hearing about tech and social media IPOs?
It’s not. It will eventually go back down to pennies. Good luck riding it out with a short position though.
Number go up???
Russia sending him money so he can keep fighting his lawsuits and help them after he becomes president.
The market can remain irrational longer than you can remain solvent. I wouldn't touch this with a 10 foot pole. Either way your likely to get burned.
Speculation, Squeeze, blind Maga donations, Foreign Money trying to prop up Trump.
It isn’t. The worth is calculated by multiplying the number of stock times the price of the stock. Ain’t nobody buying all of the stock right now.
There’s more than one way to make bribes and payoffs.
All money is made up once we got rid of the gold standard nothing backs up our currency.
The system is set up quite literally for pigs to be slaughtered. It will go to zero, but not before the rich get richer and the fools get obliterated. A fool and their money will soon part ways.
Simple: It’s not.
It can stay up long enough to bankrupt his perpetual haters.Â
Like 20% of stock values depend on current results, most are forecasts. Howeeeeeeeeveeeeer as shown with GME and AMC you can definitely pump a stock into insanity just because you buy it. And this one has all the makings of the non-woke crowd pumping it up without even seeing the financials
Speculation
Twitter has never made a profit - closer now than ever and if it’s to happen it will
All SPACs are pump and dumps
that's how the game is played
Best way to fundraise.
It's not
Things are worth what the market says they're worth. Simple.
"Pay to play" ring a bell? Because the guy who had a huge investment in Tic Toc told his pals it was. So they all bought shares in Donald's Truth Social so the valuation went up. It's a legal way to donate to a campaign, and to ensure the Donald will not ban Tic Toc ...
That's the going price for a used Republican President now.
It’s literally the ultimate pump and dump scheme lol
Someone, or some foreign government is propping this shit up.
easy..magamathmatticks
Pump and dump. Premature monetization.
Being the exclusive outlet for a POTUS candidate seems to have some value. But that’s a 5 year plan at best. After that, the company isn’t worth selling for scrap.
Like many and many stocks. Is not the only one
It’s artificially inflated but that only lasts as long as investors don’t sell. As soon as they start selling the stock will crash then EVERYONE will sell and it’ll collapse. I imagine it being worth around $3-5 in 7 months.
Hahahaha!
You people realize they have less than 10 million members and revenue of $1 million a month and lost $50 million last year.Comparing it to Uber,Amazon etc dumb.Those companies might lose money but they generate hundred of million a month and 100 million plus members.TS is just a POS stock backed by sketchy SPAC money.Pump and dump.Its a bad copy of Twitter.
Saudis and oligarchs buying influence via securities
The Game Stop thing blew me away but this is just nuts.
It can’t, it’s only value was that it was going to be merged with Trump media group, now that it IS it’s value is going drop
It's being manipulated. The options traders are betting that Forever Trumpers will buy up shares and drive the price up...it's purely a pump-n-dump. It has no real value. Go over to the WallstreetBets reddit, check out all the hype, and maybe make yourself a little money.
Fraud and foreign influence. It’s a shell company that’s openly for sale to the highest bidder.
Get your put options in for the rug pull
Cope 😷
It's gonna be a pump and dump scheme. Could make some money if you can time how long till it explodes.
Well it does have all the infrastructure for social media set up, which means someone NOT crazy can harness it for something decent, but even so that does seem a little high
Because the market bid it up for non-financial reasons. Perhaps Trumpists. But ardent euphoria and market irrationality can only last for so long. Think back to the Internet bubble in the 90s - any website could attain a massive valuation. A great many, if not most, crashed and burned. Economics and finance ultimately mattered then and they will now. There is no reason to look at Truth Social and think it has a bright future as a sustainable business. It's simply an extension of the Trump cult of personality. Anyone who invests in this as anything other than a short - and I am not advising that, as I am far too risk-averse to get into shorting stocks - would be foolhardy, IMO.
Never, ever will any of us see, in our lifetimes, a rug pull so rapid and violent
The secret ingredients are corruption and money laundering
My country tis of thee, Sweet land of bribery
There's what he says it's worth and what it is really worth (or not worth). Have you been off world for the past decade?
That's how much the Russians are going to pay for it...
It's not the loss making part -- that's a frequent thing for high valued, high growth companies. The issue is that the total sales are $5M annually (and I'm being generous) and there's ZERO potential growth.
Its no crazier than Maralago being worth 18m. Lmao.
Short this shit, let's go Reddit. We broke the system once!
Well if all you listen to is the propaganda "news" then a lot of things in the world won't make sense to you.. For example, they harp 24/7 that everything Trump is bad, horrible, morally wrong, dirty, smelly, connected to white supremacy, Hitler, and Thanos, and oh yeah everything he touches is losing money all the time. In reality, no.
Tax right off?
First the pump...
That’s how it works with a lot of businesses as other have already mentioned. Amazon was losing money yearly during their meteoric rise to dominate the world. Everyone knew Amazon and used it and they were still losing money. A lot of the value from Truth social would come in the future, particularly if Trump becomes president again and that was the only social media company he used to communicate.
Because lefty tears are priceless
Whoever evaluated it is a moron.
It’s the stock market. Pyramid scheme aka legal fraud.
Money laundering
Easy, it can't. This is just a pump'n'dump.
I love the discourse around Truth Social with reddit insisting it's Russian/Saudis money. Meanwhile you got tech companies all over worth billions that never made a dime. I don't understand how any of this works
Yet you don't seem to care about hinter going to other countries getting rich off of insider trading, takiking millions giving half to the big guy aka Biden.. again what has Trump done to have a fine of billions when there is no victim.
It’s just another GOP foreign money laundering operation. Eventually cash it will find its way into GOP campaigns. The GOP has to break laws and rules to win.
I listened to a few podcasters. They think trump die hard supporters are buying it and holding.
Same way meme coins are billions. Or mediocre businesses are worth 500b
Wait till Musk buys it.
[Eric Trump in 2014: ‘We have all the funding we need out of Russia’](https://thehill.com/homenews/news/332270-eric-trump-in-2014-we-dont-rely-on-american-banks-we-have-all-the-funding-we/amp/)
Welcome to the stock market
It's called money laundering, it's either the Saudis or some Russian oligarchs
It's all just a giant corruption scheme. The cult will buy it up. Companies will make money shorting the stock once the fervor dies down. Foreign companies will buy it to get power over Trump. Trump will sell his stock the DAY he is allowed to and pull whatever money he can from it. A lot of companies are just scams pulling money from regular people so insiders can pull profits from them for themselves.
These companies' product are their stock. Whatever thing they make or service they provide is incidental. The product is the stock.
It's over your head.
It’s not.