Truth Social stock circling the drain - time to admit Trump's business acumen sucks

C

Cypress

Will work for Scooby snacks
At market close Wednesday the Truth Social traded at $20.10—a 65.34% drop from when the company debuted on the Nasdaq exchange on March 26 through a special-purpose acquisition company (SPAC) merger


www.forbes.com

Trump Media Stock Closes Just Above $20—Lowest Price Since Going Public

Truth Social’s parent company Trump Media could close at its lowest level since it merged with a blank-check firm to go public.
www.forbes.com www.forbes.com
 
what else would anybody with a brain expect?
it is a Trump company and everything he gets involved in goes down the drain.
He is so good at bankrupting companies he even bankrupted a Casino.
how the hell do you bankrupt a CASINO?
the odds are always in the Houses favor.
He has to be one really dumb fuck.
Have a nice day
 
Cypress said:
At market close Wednesday the Truth Social traded at $20.10—a 65.34% drop from when the company debuted on the Nasdaq exchange on March 26 through a special-purpose acquisition company (SPAC) merger


www.forbes.com

Trump Media Stock Closes Just Above $20—Lowest Price Since Going Public

Truth Social’s parent company Trump Media could close at its lowest level since it merged with a blank-check firm to go public.
www.forbes.com www.forbes.com
Click to expand...


Again?

This is at least the 90th Time you Stalinists have made this claim.

Say, wasn't Twitter collapsing too?
 
The boost to Trump's wealth comes thanks to his newly public company, Trump Media & Technology Group, whose main asset is the social media platform Truth Social. The company awarded Trump an additional 36 million shares as an "earnout" bonus for the stock staying above $17.50 a share for any 20 trading days within a 30-trading day period, according to a Tuesday regulatory filing.
Click to expand...
www.cbsnews.com

Donald Trump receives earnout bonus worth $1.8 billion in DJT stock

Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.
www.cbsnews.com www.cbsnews.com

Sounds to me like $20 a share is just fine.
 
Cypress said:
At market close Wednesday the Truth Social traded at $20.10—a 65.34% drop from when the company debuted on the Nasdaq exchange on March 26 through a special-purpose acquisition company (SPAC) merger


www.forbes.com

Trump Media Stock Closes Just Above $20—Lowest Price Since Going Public

Truth Social’s parent company Trump Media could close at its lowest level since it merged with a blank-check firm to go public.
www.forbes.com www.forbes.com
Click to expand...
Under $20 at close. There was an influx of money when Biden was in the race. Billionaires were trying to pre pay for favors when it appeared that trump would win.

Now they're dumping the stock as fast as they can. If you check the beta ( gauge of price volatility) where a score of 1 is considered volatile, Shit Social's beta is almost 6!

It loses hundreds of thousands every quarter, with no real revenue stream. trump wants to create another $2 billion+ in shares so there is something for him to dump in a month when he's finally able to cash out.

I think there's a race to dump the stock before trump does. He will make it a penny stock.


 
Tbird19482 said:
what else would anybody with a brain expect?
it is a Trump company and everything he gets involved in goes down the drain.
He is so good at bankrupting companies he even bankrupted a Casino.
how the hell do you bankrupt a CASINO?
the odds are always in the Houses favor.
He has to be one really dumb fuck.
Have a nice day
Click to expand...
How do you bankrupt a casino? Easy. Just as he will do to this stock.

trump's agreement is always last in, first out. He skims cash whenever he can, leaving investors with huge losses.

He brags about 'having made a lot of money' from his failed casinos.

Because he steals cash.
 
Mr.Badguy said:
I'm sure there will eventually be a big investigation/case against DJT by the SEC.
Click to expand...
The SPAC that funded the farce paid millions in penalties for breaking the law before the merger.

I'm sure that the SEC is already watching for any unlawful activity.
 
Uncensored2008 said:
Again?

This is at least the 90th Time you Stalinists have made this claim.

Say, wasn't Twitter collapsing too?
Click to expand...
Truth Social doesn't have any revenue stream.

It's a gimmick stock intended to drain money out of the pockets of MAGA morons and put it in Trump's pocket when he decides to dump the stock.

I suggest you pour your money into buying as much Truth Social as you can.
 
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