Is anyone monitoring Truth Social? Perhap with thoughts of acquisition? TS appears to have 7M users. They seem to value it at $6B. That is roughly $1000 per user. Any thoughts?
Im skeptical about the usage, user base, real traffic, revenue potential... Politics aside, the site seems overly dependant on a single individual anchoring it at the core.
All I know is that if tomorrow Trump says he will stop posting on Truth Social, then thats the end of it. No single person should be able to dictate the entire worth of a social media platform.
Progressives and woke are attacking $DJT. It is currently down 23%, on the day. If you love your country, buy $DJT above market, right now.
What? LOL DJT going down in price has nothing to do with wokeness. Its just straight up valuation weirdness. Reddit is at an $8B valuation and has 73M active users. DJT has 1M active users... the math does not math. Meme traders and maga supporters are buying a relatively low float making it look like its worth something, but small floats work both ways. IPO lock up is 6months, guess what happens when that expires? DJT will be selling off hard way before the lock up expires, we can not blame a price decline on wokeness. But don't worry, Trump is still going to rake in the cash from this, Im willing to bet his financial guys are short or have puts leveraged against his long position, he will clean up from the short side and his share unlock in 6 months. Its basically a wealth transfer from his supporters into his bank account even if it drops to zero.
$DJT has recovered, a little, but closed down 21.5% in what can only be described as the most savage attack on America since 1776.
A couple of my earlier posts may have been a little facetious. Still, this is an incubator thread and I think it stands up. For those who understand the GOP bubble, there was an opportunity here. I do not understand the bubble and yet it was clear to me Trump adjacent stocks would have a short positive burst, followed by a long period of pain. I dare say StockJock-e called it, as well. That means this was and continues to be an opportunity as I expect there is more pain to come. I would rather gamble on these stocks than anything to do with Boeing. I believe Boeing will cease to exist on the long term but I hope they can turn it around.
Bail fundraising. Simple as that. Sharks are going to shark. Gullible people are going to be gullible.
I think this sets precedent for future elections, let each candidate create a SPAC and people can just trade it, allowing them to siphon money, short and long leveraged positions... why bother with dark pool donations, fake charities and PACs?
Yeah, this is going to go lower for sure. Im not playing politics here, but a lot of MAGA and Trump supporters are going to get burned on this and they don't deserve it.
$DJT closed the week at $40.59. It is currently up a bit, at $40.92, in after ours trading. This puts the price of a share of $DJT at less than a Trump bible. That's sacrilege.
Today's attack on America has brought the price to $36.75. Why aren't patriots buoying this equity to the $250 level?
