Subject: Re: DJT, trump and the IPO, what comes next?
I've never shorted a stock in my life, but I'm almost tempted here. 1000x annual revenue? That is totally insane.

Not investment advice, but I don't think the above captures everything about the stock. DJT is a vehicle for monetizing interest in Donald Trump, and it is very much on the cutting edge of that business.

First off, meme stocks can stay 'meme-y' for a very long time. It doesn't matter what their fundamentals are. The share price is divorced from fundamentals. A short position is just a bet that retail fans of the stock will lose interest in the stock soon enough that you can cover the transaction costs of maintaining the short position and not get squeezed out from period spikes. For meme stocks like GME and AMC, a lot of people lost that bet - even though they were ultimately right about how little the stock was actually "worth" based on fundamentals.

Second, as I mentioned in the other thread, DJT is an outstanding mechanism for people to legally give money to Trump in exchange for ostensible services that cost him nothing to provide. That becomes a very valuable and useful product if Trump gets elected President. We'd expect ad buys for Truth Social to skyrocket, even if Trump didn't do anything to push the service. And I think there's a decent chance that he pushes people to use the service. Truth Social is utterly useless as a commercial venture today, but if it becomes a path to convey money to the President where 60% of your spend drops into his pocket (unless hotels or golf venues), it becomes an incredibly valuable tool for a lot of potential users.