Please be positive and upbeat in your interactions, and avoid making negative or pessimistic comments. Instead, focus on the potential opportunities.
- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 2
No. of Recommendations: 2
Manlobbi should set up another board called “US Policy” amd rename this one “Trump’s court cases”.
No. of Recommendations: 1
Manlobbi should set up another board called “US Policy” amd rename this one “Trump’s court cases”.
Ha! Or even just "Trump-a-Palooza". 😊
No. of Recommendations: 1
Nothing could top "Don Poorleone". :-)
No. of Recommendations: 3
Speaking of deep dives.....
The sound of a 14k gold plated toilet going BAWOOOOSH:
Trump Media & Technology Group Corp. (DJT)
53.66
-8.30
(-13.40%)
No. of Recommendations: 6
sano: Trump Media & Technology Group Corp. (DJT)
53.66
-8.30
(-13.40%)
Trump Media posted new financials with the SEC this morning:
Trump Media revenue, 2023: $4.1 million.
Net losses, 2023: $58 million.
Market cap: $8.36 billion.
<insert April Fool's joke here>
No. of Recommendations: 4
<Trump Media & Technology Group Corp. (DJT) -8.30 (-13.40%)
Net losses, 2023: -$58 million.>
Once again Trump does the only thing he knows how to do...
FAIL HARD.
No. of Recommendations: 7
Once again Trump does the only thing he knows how to do...
FAIL HARD.
Trump hasn't failed. Quite the contrary. He created a worthless and money-losing company, took it public through a merger, and through the sheer power of branding has made himself a ton of money. The stock price could fall 90% from the current ~$50 per share, and Trump would still make about $400 million.
I mean, all his loyal fans who gobbled up the post-merger stock will end up getting fleeced. But as long as the stock still has a couple of bucks in value by the time the lock-up expires, Trump can make a mint.
No. of Recommendations: 5
<I mean, all his loyal fans who gobbled up the post-merger stock will end up getting fleeced. But as long as the stock still has a couple of bucks in value by the time the lock-up expires, Trump can make a mint.>
Exactly, maybe I wasn't clear...
The "business" will be a money losing failure, but of course Trump will make $$!
Fleecing the simple minded is his specialty!
No. of Recommendations: 2
I don't think it's supposed to make money right now. Per albaby's explanation (and I freely confess I have not checked the company), it appears to be a vehicle to make him look better -financially-, and as a means of accepting bribes if he wins in November. Otherwise, it appears to be a worthless company.
No. of Recommendations: 4
Per albaby's explanation (and I freely confess I have not checked the company), it appears to be a vehicle to make him look better -financially-, and as a means of accepting bribes if he wins in November.
I don't think there was really that much intentionality behind it.
It might help to differentiate between Truth Social - the underlying business - and DWAC/DJT the publicly traded company. Truth Social started because Trump got kicked off of Twitter and FB, and needed/wanted a replacement. He (correctly) intuited that he brought a decent sized audience with him, and shopped himself around to existing alternatives a bit, but decided he'd get more value for himself if he "started" his "own" social media platform. I use the scare quotes, because he basically just used the open-source Mastodon platform and skinned it for his own brand.
Around that time, SPAC's were becoming very popular as a backdoor way to bring companies public that would never be able to get more formal underwriting. Trump has always been in the business of selling "Trump" to Trump fans, and he almost certainly recognized that a Trump IPO was a good way to do that. So they paired up Truth Social with a SPAC (Digital World Acquisition Corp., or DWAC) and proposed to merge them back in 2021.
This deal was supposed to close back then, but it got held up in a lot of SEC review. Meanwhile, Truth Social's growth fell off as Trump was out of office, the SPAC boom collapsed, and this thing just lingered around for a while. But now Trump's a candidate again, has massive liquidity issues, and the merger finally went through.
So it's a fortuitous coincidence for Trump that all the pieces came together now - and that the market decided to give this thing an initial valuation of many billions of dollars.
No. of Recommendations: 3
The stock price could fall 90% from the current ~$50 per share, and Trump would still make about $400 million.
90% down from the current would still be overvalued from a risk/reward perspective.... and would not yield enough cash for Trump's fines and legal fees.
Winning?
It would likely be the final nail in the coffin of Trump's business pursuits.
No. of Recommendations: 4
"I don't think it's supposed to make money right now."
52 Week Range 45.26 - 79.38
Any of the faithful who grabbed shares on the first day of trading are staring at a quick 50% haircut, an abyss even Orange Jesus' plastic bibles can't fill.
At the rate it's falling, Don Poorleone's 79% stake may not cover his fines and fees.
Trump Media & Technology Group Corp. (DJT)
At close: 4:00 PM EDT
48.66
-13.30
(-21.47%)
After hours: 5:32 PM EDT
47.43
-1.23
(-2.53%)
