Post New

Donald Trump is poised to make a huge profit from his latest venture, even as MAGA investors lose their shirts.

Stop me if you’ve heard this one before...

"Shares in Trump’s Truth Social Twitter knockoff that had its initial public offering on March 26, plunged again this week." (Down over -50% since IPO and down another -3.5% today!)

https://www.marketwatch.com/story/cha-ching-trump-...

Give credit where it's due. Trump may be a moron, but he's smart enough to maneuver this fleecing of the MAGAites. And they deserve it. They didn't do their due diligence, so they will lose a fortune. I can't quite work up enough sympathy to feel sorry for them. I sorta almost feel sorry for them because the media they consume doesn't tell them the truth, so they live in an alternate reality. But they do choose to consume that media, and eschew any and all efforts to give them actual facts. So, really, they brought it on themselves.

Go on financy.yahoo.com and look at the 'conversation' under the DJT ticker.

OMG, the MAGAs are so utterly clueless about how their sweet orange Jesus is screwing them over.

OMG, the MAGAs are so utterly clueless about how their sweet orange Jesus is screwing them over.

No way. It's Biden's fault.

its not impossible that locked-up shares will be near worthless before they can be sold, so another 30m to trump may not matter.

knowing this, the insiders are going all-out in grabbing the (initial) $200M cash from the SPAC completion.

- DJT will not going publish nor track any typically expected metrics for a social media company (like # users). This way, they can not get caught in operational lies.

- DJT will burn through money at a MUCH higher rate than most expect. the cash will be gone and the reported losses will go exponential...because it is very expensive to pay people NOT to track business metrics, bring no value to the company, and sue other insiders. here is the cost for payroll, consulting, legal, and barely disguised grift :
https://www.washingtonpost.com/technology/2024/04/...


in all ways predictable,trump had his role in the multiple SPAC completion delays. so instead of billions, he will now be fighting for scraps of cash that will be gone before the election. small-time grifter once again.

Down another whopping 15% today on news that the "company" wants to sell more shares to the ignorant MAGAs.

Maybe time to change that ticker symbol to SUKR.

LOL, grifters gonna grift!

Down another whopping 15% today

Hilarious, in a tragic sort of way, the Washington Post has a story with interviews from some of the True Believers, who are just sure - and still socking money into this scams - that someday it will become true. *(And if it doesn’t, well it’s not their fault, it’s not Trump’s fault. It’s those damn libs, donchaknow.

https://www.washingtonpost.com/technology/2024/04/...

https://www.washingtonpost.com/technology/2024/04/...

Great article, thanks! We are witnessing Economic Natural Selection in action...

"Billionaire media mogul Barry Diller called Trump Media a scam stock bought by dopes."

"Jerry Dean McLain first bet on Trump’s Truth Social two years ago, buying at $90 a share. Over time, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.
That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday.
“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

Now its $26 a share, down 18% today alone...

Oh it's going to explode alright!

It's Las Vegas. Spin the wheel. If Trump wins in November (possible, but not likely), that stock will become VERY valuable because it will be an easy way to funnel bribes to the POTUS (Trump). Advertising will increase, revenues will increase, and Trump will profit greatly. If he doesn't win, it will probably end up in the pink sheets.

Place your bets...

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

I can't help but feel sorry for someone like this, but, JEEEEZ, after all this time they still don't get that Trump is nothing but a crook and a grifter?

Reality check:
1)Trumps stock is down another -13% today! Low IQ MAGAs continue getting scammed out of their life savings...

2)Trump falls asleep in court during his hush money criminal trial. Imagine committing so many crimes, you get bored at your own trial.

3)The US is on track to grow at double the rate of any other G7 country this year, according to IMF forecasts.
https://www.ft.com/content/3b819571-662d-4185-9ca5...

4)Is it any wonder all the MAGA cult members want to talk about is Fauci/covid conspiracy theories?

How did the U.S. education system fail so many?

Trumps stock is down another -8% today! Low IQ MAGAs continue getting scammed out of their life savings...

Stop me if you’ve heard this one before...

The company has done nothing but lose money, the shareholders have done nothing but lose money but Don the Con is gonna make a billion!

Maybe they should change the symbol from DJT to SCAM?

Billionaire media mogul Barry Diller summed it up perfectly saying,
"Trump Media a scam stock bought by dopes."

Their primary product appears to be serving as a conduit to bribe a POTUS (assuming he wins). Otherwise, they got nuthin'. But shareholders from January (or before) are probably pleased since their shares have gone up ~50%. Those who bought at the peak are down ~50%. If Trump loses in November, they'll lose a lot more because they will have a worthless product. I suspect a lot of those early shareholders bailed when they saw the spike in Feb.

In other news, Musk and Tesla. I don't follow TSLA anymore, but apparently the bad news has been piling up. They're down from a year ago by 17% (as I type this), and YTD almost 42%. Ouch. Some of the financial headlines seem to imply that Musk is fighting for his position at TSLA, though he does own over 20% of the company. Unlike DJT, TSLA has an actual product (several of them). But they are facing more competition from established players (like VW, Kia, Hyundai, Nissan, GM, Ford). IMO, their big advantage is their enormous charger network (a brilliant move by Musk early-on). Again, I don't follow TSLA anymore in part because I think the stock doesn't really reflect the value of the company, and because -as one financial writer put it- of their "mercurial" leader.

Conservative or not, financial writers and "finance people" don't mess around when it comes to money. Which is why FOX Business is reasonably well respected, while their "news" organization is mostly laughed-at (and occasionally has to pay out large settlements).

Quarterly report today:

-$12.1M loss. Lower traffic. Stock down another -10% today!

Stop me if you’ve heard this one before...

Low IQ MAGAs continue getting scammed out of their life savings...

The company has done nothing but lose money, the shareholders have done nothing but lose money but Don the Con is gonna make a billion!

Maybe they should change the symbol from DJT to SCAM?

Billionaire media mogul Barry Diller summed it up perfectly saying,
"Trump Media a scam stock bought by dopes."

Apparently valuing a business is just another thing MAGAs can't do...

A $6.6 Billion Market Cap for a "company" with revenue of $777,000 and another alarming quarterly loss, this time -$327 Million.

The quarterly filing comes after the SEC charged Trump Media’s former auditor, BF Borgers, with massive fraud earlier this month.

At the closing bell on Monday, DJT had a price of $48.38 a share, significantly down from its debut peak of $80.

In April, Truth Social reported it had 113,000 average daily active US users.

What a joke! Another Trump Con, nothing more.

Maybe they should change the symbol from DJT to SCAM?

Billionaire media mogul Barry Diller summed it up perfectly saying,
"Trump Media is a scam stock bought by dopes."

Apparently valuing a business is just another thing MAGAs can't do...

Another sign of cultishness and a religious belief in the orange guru. Reading comments from Trumpers on boards discussing DJT it is astonishing how detached from reality their devotion to Trump is.

"Reading comments from Trumpers on boards discussing DJT it is astonishing how detached from reality their devotion to Trump is."

Just like the Trumpers on this board!

Pure gold as the MAGAs can't understand how a "company" with only 113,000 daily users, revenues of $777,000 and earnings of -$300 million is worth "only" $6.6 Billion!

The kid next door made more money selling lemonade! Maybe his stand should be worth $7 Billion! LOL

What a joke! Another Trump Con, nothing more..... a scam stock bought by dopes."

It may be a scam bought by dopes, but social media has become the dominant source of information on earth. As such, a President and his sycophants who can regulate tv/radio/internet via legislation cannot be demonstrated to NOT have a conflict of interest when it comes to controlling the media/journalism.

Facebook, X, TikTok, Reddit all compete with DJT for eyeballs and advertisers. It's within the power of a proven fraudulent criminal like Trump to push policy that would hinder his competitors to the advantage of his own media company.

Trump's modus operandi is to obscure his communications with his fixers. He'll lie to the cameras, he'll lie to his rallies and he'll lie to his favored media personalites, but he won't take the stand and repeat those lies under oath.

"Teflon Don learned well from Roy Cohn how to maintain deniability; don't leave trails!! Take the 5th. Never admit anything.

As POTUS he was able to buy enough judges to help him evade consequences. If reelected he will place more sycophants in high places to augment his graft.

If reelected he will place more sycophants in high places to augment his graft.

And it is exactly this kind of corruption that corrodes government.

Look at all the cynical Republican politicians who kiss Trump's ass. Most of them know exactly what he is but they see his MAGA base as their ticket to power. It is sickening.

Down another -13.5% today. Ouch.

Nut-job, Rapist, Donald Trump can't even make a small, money losing, media company "decent again." Do you think he'll do better with Americas economy? LOL

"The company said Tuesday the SEC had cleared the way for shareholders to publicly resell shares and warrants."

Guess who's dumping shares, leaving the MAGA cult members holding the bag? Maybe they should change the symbol from DJT to SCAM?

Billionaire media mogul Barry Diller summed it up perfectly saying,
"Trump Media is a scam stock bought by dopes."

Sad...

https://www.marketwatch.com/articles/trump-media-d...

" "The company said Tuesday the SEC had cleared the way for shareholders to publicly resell shares and warrants."

DJT removed the restrictive legend on those shares and wts making them, free trading. Next week we will find out IF trump has been a seller today or yesterday via the required Form 4s ?

" Form 4 is required to be filed by a company or the individual at the company when there is a change in the holdings of company insiders. Form 4 must be filed with the SEC within two days of the transaction. Form 4 is a two-page document, which covers any buy-and-sell orders, as well as the exercise of company stock options.

Next week we will find out IF trump has been a seller today or yesterday via the required Form 4s

How quaint. You think Trump is going to follow the law. 🤣

—Peter

irrelevant. am 99.9% sure trump hasn't yet made a dime off djt equity.

as events drive the [value] of djt to zero, trump would be better off allowing warrant conversions and other shenanigans to increase the cash held at djt. very little cash should be needed for its technical operations, and the remaining will have a critical aspect for siphoning by trump and those with some employment\consultant designation; it will be AVAILABLE.

we should see irregular increases in both cash AND debt as djt stiffs/delays outside contractors and sporadic software licensing. as always with trump, the debt goes anyway in eventual bankruptcy, and the cash will be long gone.

this may be giving trump too much credit, but he should try to loot the hundreds of millions in cash rather than risk some potentially illegal scam regarding his 'billions' in restricted shares. maybe he thinks he can get both?


(i am all for moving djt to a new shrewd'm board, but it is inextricably tied to trump and his election hopes. there is no viable biz there.)

Classic Trump, Stop me if you’ve heard this one before...
Fleece the suckers, line his pockets, rinse and repeat.

Quarterly report:
Trump Media Group reported another net loss of -$16.4 million for the quarter ending June 30. Stock Down -5% for the day.

Low information MAGAs continue getting scammed out of their life savings...

The company has done nothing but lose money, the shareholders have done nothing but lose money but Don the Con is gonna make a billion!

Maybe they should change the symbol from DJT to SCAM?

Billionaire media mogul Barry Diller summed it up perfectly saying,
"Trump Media a scam stock bought by dopes."

https://www.marketwatch.com/articles/trump-media-t...

Low information MAGAs continue getting scammed out of their life savings...

And then they'll expect their Obamacare, SS, Medicare, and food stamps when they go broke. Programs which the Reps largely want to take away (though the convict doesn't want to take away SS).

trump just lost his bid to freeze 18m shares belonging to other insiders so he would have a more viable path to dump his own shares at any amount.

but there is ~$300M of DJT cash to loot as a consolation prize as shares become worthless.
frankly, i am surprised at the relatively steady decrease from ~$90 to ~$18. there have been no days of >50% drops.

https://www.forbes.com/sites/johntobey/2024/08/31/...

"trump just lost his bid to freeze 18m shares belonging to other insiders so he would have a more viable path to dump his own shares at any amount."

Do you know if djt has already filed an S1 freeing up all of trumps shares? Did trump sell any shares yet?

Low information MAGAs continue getting scammed out of their life savings...

"Trump Media Stock Hits Record Low After Debate With Harris. Taylor Swift Isn’t Helping."

Trump media down -11% in premarket trading after Republican candidate Donald Trumps disastrous debate performance Tuesday night.

"Tuesday night, after the debate, U.S. pop star Taylor Swift endorsed Kamala Harris, "I’m voting for Kamala Harris because she fights for the rights and causes
I believe need a warrior to champion them."

"It’s been a cruel summer for DJT stock. Through Tuesday’s close, before the debate, it had fallen 55% over the past three months."

Maybe they should change the symbol from DJT to SCAM?

Billionaire media mogul Barry Diller summed it up perfectly saying,
"Trump Media is a scam stock bought by dopes."

Will the MAGAs ever learn?

https://www.marketwatch.com/articles/trump-media-d...

Trump Media & Technology Group DJT down another -3.5% today...

"The stock is edging lower on Wednesday after a CNBC poll suggested Democratic nominee Kamala Harris is more likely to win the November presidential election than Republican candidate Donald Trump.
This continues a downward trend for DJT stock, which has fallen significantly from its peak earlier this year. The stock is now trading near its all-time low.
The company's market capitalization is currently around $3.3 billion, despite reporting minimal revenue and substantial losses in all quarters."

In MAGA-LAND, their life savings are being eaten. The people that came in, they're eating the life savings. They're eating...they're eating the life savings of the people that live there.
And this is what's happening in our country, and it's a shame. I've seen people on facebook...the people on facebook say 'my life savings is gone thanks to Trump' so maybe they said that.

Stay tuned MAGAs and be sure to invest as much as you can into Trumps new digital-real-estate-crypto scam! (If you have any $$ left after Truth Social ate most of it!)

Will the MAGAs ever learn?

Classic Trump, stop me if you’ve heard this one before...
Destroy a business, Fleece the suckers, line his pockets, rinse and repeat.

"Trump Media plummeted -10% today as post-lockup selloff picks up steam. The stock is down a whopping -85% since the merger in March.
Trump and other company insiders were bound by lockup agreements that barred them from selling their shares. Those restrictions expired at the closing bell Thursday.
Trading volume accelerated significantly as the lockup lifted."

Down -85% ouch! I actually feel bad for the cult members on this one.

Stay tuned for the next $cam: Trump Crypto.

Who in their right mind would want this con-artist running the country? He can't even manage a tiny media company.

https://www.cnbc.com/2024/09/23/djt-trump-media-st...

Serious investors already knew DJT was dog poo. So that should already be priced-in. I wonder if the continued downward trajectory is reflective of sentiment regarding his chances in November, and therefore his chances to avoid prison. It seemed to react to the debate in July (positively), but has sloped down again ever since Harris was the presumptive nominee.

Just thinking out loud.

Classic Trump, stop me if you’ve heard this one before...
Destroy a business, Fleece the suckers, line his pockets, rinse and repeat.

Does it have to be a business? Could it be something else, like a charity? Or a political party?

--Peter

Serious investors already knew DJT was dog poo. So that should already be priced-in.

Nope. DJT is a meme stock. It never traded based on fundamentals, any more than GME did (or does, for that matter).

I think before the convict took it over, it was a legit stock. When he took it over, serious investors (what of them there were) fled. Its fundamentals don't justify even the current price, with just a cursory glance. So it's "meme". But it's also declining, with a bump around the time of the July debate. Which makes me think it's responding to sentiment.

I think before the convict took it over, it was a legit stock.

Not really. The current publicly-traded company began as a SPAC (Special Purpose Acquisition Company) called Digital World Acquisitions Co. (DWAC). Basically, SPACs are just empty placeholder companies that exist solely to bring some other company public via merger. A SPAC has no business or operations - it's just a public corporation with nothing but cash, so that a private company can merge with it and thus become a public company without doing an IPO or listing.

Within a month after DWAC was formed in 2021, it announced that it was going to merge with Trump's newly-announced Trump Media & Technology Group (TMTG) - which Trump created as the parent company of Truth Social.

As is common, the SPAC traded at par value (the value of the cash) until the deal was announced. That's when it skyrocketed.

So there was never really a time when this was anything but a Trump company. TMTG (which is actually the name of DJT) has always been controlled by Trump, and DWAC was always nothing more than a "wrapper" for TMTG from the time the merger was announced.

Interesting. So it was a con from the get-go.

Interesting. So it was a con from the get-go.

Yep. Though there were some media observers that genuinely believed that there was an opening for Trump to create a competitive media company to take on both Twitter and Fox News at the time. Remember, Fox was reeling from viewer dissatisfaction over their election coverage, and there was some legitimate thought that they were vulnerable to newly-ascendant right-wing media outlets like Newsmax and OAN News. Speculation ran rampant that Trump was going to start a cable channel and rival Fox, either alone or in partnership with Newsmax. It was a threat that Fox took very seriously in early 2021, when they were bleeding viewers to Newsmax and OAN.

Of course, what ended up actually happening was that Trump half-assed it, and ended up doing nothing more than an off-the-shelf Mastodon microblog skinned as Truth Social. He never pivoted away from politics into media, so the possible venture scaled down from "Trump builds media empire like Rupert Murdoch" to nothing more than "Trump uses Truth Social instead of Twitter." He never tried to do anything but the half-baked Twitter knock-off, and Fox recaptured their hold on conservative viewership once they could pivot back to enthusiastically pillorying the new Democratic Administration.

https://archive.ph/9408f
https://www.nbcnews.com/think/opinion/trump-s-elec...

So it was a con from the get-go.

It's Trump. So that the starting assumption for everything. Occasionally, he might not be running a con, but you assume that he is until you can prove otherwise.

--Peter

well, those touting the TAM for conservative media seemed to forget trump is really bad at directing commerce, especially involving other people's money.

but the real reason djt was doomed is that trump needs free mainstream media publicity to win the election and stay out of prison.
repeating his usual nonsense just to the sparse TS head-nodders does nothing.
this mean any Truth Social 'exclusive' would be worthless (like the announcement of his Bibles), and\or only exclusive for a short time.

anyone attempting to excuse the djt financials as being in startup 'growth' phase was basically ridiculed, as was any fundamental analysis.
djt pretty much hit every box on the checklist of a potential scam stock.

Post New

Macroeconomic Trends and Risks FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.