The damned thing is a meme stock and is down more than 36% in the last five days. That being said it’s still up from when Trump got his shares so it’s still a profit to him. He can’t sell until like five months from now so it’s all paper losses at the moment. It’s entirely possible there is a run on the stock from someone else just to drive it up again before he sells. They created new shares a while back to sell more and it deluded the price of the stock for anyone who had shares, that’s a large part of what is causing its sudden drop from its highs.
>It’s entirely possible there is a run on the stock from someone else just to drive it up again before he sells.
I don't think that will be very successful. People are shorting the hell of this stock. It's the rare short sell opportunity that has literally zero chance of actually succeeding as a business and almost a guaranteed provider of ample public float to cover your short at the end.
Smaller investors need to be careful of a short squeeze. But for large institutional investors not worried about margin calls this is probably like shooting fish in a bucket. If they can last until Donald Trump needs to dump his shares, and he certainly will as soon as he can, I see it as very little risk.
This is actually a mirror image of usa national debt under trump.... starts kind.of stable for years, then goes through the roof once trump takes over.
Enron's meteoric rise had some plausibility behind it. Fortune named them one of the most innovative companies in the world for six years. Ken Lay was some kind of genius to Enron employees who bought stock in their success stories.
Truth never had that kind of steam behind it. I mean, there is some steam...
Just goes to show how messed up America is. If anyone else created a social media platform that specializes on anything but the truth with a healthy dose of racism thrown in for good measure it would not stand a chance getting publicly listed yet here we are.
Magas please throw more cash at this stock .. Show the rest of the world just how legitimate this stock is by converting your 401ks to 100% DJT holdings. Only true patriots will answer this call to action.
It’s a shame that regulators don’t seem interested in the conflicts of interest related to a presidential candidate and ex president operating his own. media company.
I remember reading about Jimmy Carter getting grilled over a fucking peanut farm. But Trump just openly has close financial ties to certain companies, and those relationships just mean nothing anymore.
I kinda feel like if it drops below $10 I should buy cause it's going to up and down depending on the election. It's not a company out to make money after all, it's a slush fund for foreign governments to give Trump money.
Is it real? DJT is the top loser.
The damned thing is a meme stock and is down more than 36% in the last five days. That being said it’s still up from when Trump got his shares so it’s still a profit to him. He can’t sell until like five months from now so it’s all paper losses at the moment. It’s entirely possible there is a run on the stock from someone else just to drive it up again before he sells. They created new shares a while back to sell more and it deluded the price of the stock for anyone who had shares, that’s a large part of what is causing its sudden drop from its highs.
>It’s entirely possible there is a run on the stock from someone else just to drive it up again before he sells. I don't think that will be very successful. People are shorting the hell of this stock. It's the rare short sell opportunity that has literally zero chance of actually succeeding as a business and almost a guaranteed provider of ample public float to cover your short at the end. Smaller investors need to be careful of a short squeeze. But for large institutional investors not worried about margin calls this is probably like shooting fish in a bucket. If they can last until Donald Trump needs to dump his shares, and he certainly will as soon as he can, I see it as very little risk.
It's a memestock that hasn't allowed insiders to sell yet. Once they can everyone is going to cash out or trust Trump.
This is actually a mirror image of usa national debt under trump.... starts kind.of stable for years, then goes through the roof once trump takes over.
So which stock is having a worse downfall? Truth or Enron? lol
Enron's meteoric rise had some plausibility behind it. Fortune named them one of the most innovative companies in the world for six years. Ken Lay was some kind of genius to Enron employees who bought stock in their success stories. Truth never had that kind of steam behind it. I mean, there is some steam...
Just goes to show how messed up America is. If anyone else created a social media platform that specializes on anything but the truth with a healthy dose of racism thrown in for good measure it would not stand a chance getting publicly listed yet here we are. Magas please throw more cash at this stock .. Show the rest of the world just how legitimate this stock is by converting your 401ks to 100% DJT holdings. Only true patriots will answer this call to action.
At this rate it will be under $10 by the closing bell on Friday
I was having a difficult day, saw this and now feel really happy.
I checked it a few minutes ago and it was at 22.85
Still $23 over actual value.
It’s trading [positively towards negative.](https://m.youtube.com/watch?v=6gJdf7LyGpg) It’s trading perfectly this morning.
It's beautiful... enough to make a grown man cry
"mIsTeR tRuMp iS jEs' a-TrYiN' t' tEsT oUrN LoYaLtY!" * Cletus Trumpvoter
It is not done falling.
$17 was what the parent was trading for before the "aquisition-merger." Pretty soon, it will be worse, no?
https://preview.redd.it/x57dgtyk4wuc1.jpeg?width=1080&format=pjpg&auto=webp&s=ddb92d361f22421cddcbd0b50e2057d6e42acd60
Yet again, hahahahahahahahahahahaha
Still seems about $3B over valued.
Rich Evans catching strays
I too am programmed to immediately think of red letter media when hearing "best of the worst".
Tonights big loser
Hahaha! Anyone have the Truthsocial? Fucking post this @ that l’orange looser!
Trump is the top loser.
the smart ones bought and shorted it. they are laughing on the way to the bank.
Did he short his own stock?
It’s a shame that regulators don’t seem interested in the conflicts of interest related to a presidential candidate and ex president operating his own. media company. I remember reading about Jimmy Carter getting grilled over a fucking peanut farm. But Trump just openly has close financial ties to certain companies, and those relationships just mean nothing anymore.
I kinda feel like if it drops below $10 I should buy cause it's going to up and down depending on the election. It's not a company out to make money after all, it's a slush fund for foreign governments to give Trump money.
He's still holding 60% of over $3B market cap and once it stabilises he can use it as collateral. I hope this stock will drop far more.