Foreign investors wanting favors later on.
Truth Social shares go into freefall after investors learn how much money it really makes!!!
- Thread starter SoProudNole
- Start date
The first thing I did when I saw he was back on Twitter was check the Trump Media stock movement. 0% shocked.
Somewhere some board or CEO is probably asking who gave a green light to covering him.
Slurring his words during his love fest with Elon last night was probably a drag on the stock, too.
Oh, we got one on this forum that regularly defends Turd.
Likely some clown that inherited some $$$ and kept it from his spouse.
This times a million. Him and his financial cronies will find a way to keep this thing afloat for another 6 weeks, then cash out a significant portion, and then this drops to single digits, with a possible fast track to nothing if he loses the election.
The biggest question I have, is how loyal his MAGA minion investors will still be, after Trump cashes in his shares, in less than a month, and MAGAs, who invested their life savings, realize they are holding a worthless stock as Trump walks away with a couple Billion $$ of all their money?
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hawkeyetraveler
HB Heisman
Someone else said this so I can’t take credit, but that it is very likely a majority of the money is foreign. I imagine that would be an effective way to influence a US president as a foreign interest in a perfectly legal, albeit scummy, manner. This is why we used to see politicians divest themselves from their businesses. So there could be no hint of pay-to-play. Alas those days are long gone.The biggest question I have, is how loyal his MAGA minion investors will still be, after Trump cashes in his shares, in less than a month, and MAGAs, who invested their life savings, realize they are holding a worthless stock as Trump walks away with a couple Billion $$ of all their money?
DJT sinks to new low: Why Trump Media investors are feeling less bullish
Shares of Truth Social owner Trump Media are tumbling as Kamala Harris gains ground on Donald Trump. Here's why.www.yahoo.com
Still, I feel bad for the MAGA mom and pops that will get fleeced on this thing, I doubt even that will be enough to de-program them.
WATCH TRUTH SOCIAL VALUE CRATER IN REAL TIME RIGHT NOW…
Check this out….Trump owns 114.75M shares of Truth Social. That means every time the price of the stock drops $0.01 (a penny) Trump loses $1,147,500 in value
On July 14th, a day after Trump was shot at and when rumors were first starting about Biden exiting the race, the price was at $40.58. By August 1st the price had dropped to $29.21. The value of Trump’s shares fell $1.3B!
Since August 1st, the price has cratered even more, from $29.21 to $19.55 (as of 9:55 AM CST today). That means he has lost and additional $1.07B!
The value of Trump’s Truth Social stock fell approximately $2.34B since Biden dropped out!
Trump will dump as many of his shares as possible (when he legally can), as his total stock value in Truth Social is now at $2.18B (as of right now). MAGA investors be damned.
This will be his biggest grift ever on his loyal MAGA investors, and others dumb enough to buy in.
Check this out….Trump owns 114.75M shares of Truth Social. That means every time the price of the stock drops $0.01 (a penny) Trump loses $1,147,500 in value
On July 14th, a day after Trump was shot at and when rumors were first starting about Biden exiting the race, the price was at $40.58. By August 1st the price had dropped to $29.21. The value of Trump’s shares fell $1.3B!
Since August 1st, the price has cratered even more, from $29.21 to $19.55 (as of 9:55 AM CST today). That means he has lost and additional $1.07B!
The value of Trump’s Truth Social stock fell approximately $2.34B since Biden dropped out!
Trump will dump as many of his shares as possible (when he legally can), as his total stock value in Truth Social is now at $2.18B (as of right now). MAGA investors be damned.
This will be his biggest grift ever on his loyal MAGA investors, and others dumb enough to buy in.
DJT sinks to new low: Why Trump Media investors are feeling less bullish
Shares of Truth Social owner Trump Media are tumbling as Kamala Harris gains ground on Donald Trump. Here's why.
www.usatoday.com
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Still way overvalued. It should be a penny stock with that balance sheet. And revenue growth opportunities. Guessing the closer it gets to his cash in date the more pressure for it to be driven into the true value.
Exactly! My biggest question, is who is buying it right now, and why? This seems like it should be a race to the bottom.
Almost every business deal Trump has ever been involved in has resulted in:
- Bankruptcy
- He’s ripped people off or refused to pay vendors for work
- Has been sued or criminally charged and/or convicted.
Everything he touches…
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The closer it gets to his cash in date. The more pressure for it to hit its true value. The only ones buying at this point are either Kool-Aid drinkers, money launders, or lotto ticket purchases(hedging if he wins huge windfall).
Really looking at the financials of this stock, there is no value.
Just add this one to Trump Airlines, Trump University...well, you get the message!
Just add this one to Trump Airlines, Trump University...well, you get the message!
The value is all tied to him winning the presidency or an NFT. But long term if he wins well now what in terms of generating value?
From the article:
“Any upside for... what happens with all his business ventures.
Considering Trump didn’t put any of his own money in it. Any value he cashes out with is gravy. Even after lawsuit costs.
Exactly…just like everything he touches - Trump makes sure he benefits and leaves others “holding the bag”.. Claims to know more than anyone about (insert subject here), yet usually ends up in bankruptcy (creditors and banks take the hit), or he’s separating dimwits from their money by selling bibles, tennis shoes, Trump Bucks, Truth Social Stock, etc.
Trump Supporters Scammed By Novelty Items—‘Trump Bucks’—Advertised As Legal Tender
One person told NBC News they spent more than $2,000 on “Trump Bucks” and other items, only to discover they were worthless.
www.forbes.com
MSN
www.msn.com
MSN
www.msn.com
Trump is a televangelist at this point. Christianity/Trump is under attack. Send us your money.Exactly…just like everything he touches - Trump makes sure he benefits and leaves others “holding the bag”.. Claims to know more than anyone about (insert subject here), yet usually ends up in bankruptcy (creditors and banks take the hit), or he’s separating dimwits from their money by selling bibles, tennis shoes, Trump Bucks, Truth Social Stock, etc.
Trump Supporters Scammed By Novelty Items—‘Trump Bucks’—Advertised As Legal Tender
One person told NBC News they spent more than $2,000 on “Trump Bucks” and other items, only to discover they were worthless.
MSN
www.msn.com
MSN
www.msn.com
Bruce Pichard who is a WWE executive, producer, character best known for Brother Love. Was always astounded by the televangelist’s audience. When researching the role. No matter how obvious it was a con. The followers seemed happy to just give their money away.
Even though they appeared broke AF.
Hang it up next to their framed photos of Jesus and The Midnight Express.
And, there you have it. A scam from the very beginning. What does he care if suckers lose money? One of my MAGA friends told me one time about Trump's scams, people deserve it if they get scammed by Trump.
And, the suckers will donate money to cover the lawsuits, and he'll hide the money until he dies having never faced accountability. The only thing he will care about is being mocked.
There are an amazing amount of stupid people in this country. It’s an epidemic.
The bankruptcy part is slimy as hell, but smart for what his goals are - start or join a venture, suck out all the money he can while delaying paying any debts to anyone, once the well is running dry get out and declare the business is bankrupt so he doesn't have to dip into his own money to pay debts that belong to the legally separate business. Rinse and repeat. With Truth Social he doesn't even have to stick around for the bankruptcy, because of the layers of legal separation.Exactly…just like everything he touches - Trump makes sure he benefits and leaves others “holding the bag”.. Claims to know more than anyone about (insert subject here), yet usually ends up in bankruptcy (creditors and banks take the hit), or he’s separating dimwits from their money by selling bibles, tennis shoes, Trump Bucks, Truth Social Stock, etc.
Trump Supporters Scammed By Novelty Items—‘Trump Bucks’—Advertised As Legal Tender
One person told NBC News they spent more than $2,000 on “Trump Bucks” and other items, only to discover they were worthless.
MSN
www.msn.com
MSN
www.msn.com
Wonder how much that Tulsa Landscapering owner has in Truth Social now. Story needs a follow up.
He'll make them whole with Trump Bucks.
The rats are leaving the ship…
stocks.apple.com
Top Truth Social execs—including the CEO—are shedding stock before Trump even can — FORTUNE
Trump can’t sell off his stake in his own company—at least not yet.
Any of you MAGA followers still holding any shares of this piece of crap?
stocks.apple.com
Trump Media stock slides under $18, a new low since it began publicly trading — CNBC
The DJT stock is often traded as a proxy of political support for Donald Trump in the presidential race against Vice President Kamala Harris.
Any of you MAGA followers still holding any shares of this piece of crap?
Trump Media stock slides under $18, a new low since it began publicly trading — CNBC
The DJT stock is often traded as a proxy of political support for Donald Trump in the presidential race against Vice President Kamala Harris.
