Truth Social shares go into freefall after investors learn how much money it really makes!!!

[torbee]

No revenue, no cash, stock in free fall… hey, let’s start a television network!

Earlier Tuesday, Trump Media in a press release said it "has finished the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network."


The company said it will roll out streaming content in three phases, the first of which will introduce Truth Social's content delivery network for streaming live TV to the app for Android, iOS and web.

Phase two will release stand-alone Truth Social streaming apps for phones, tablets and other devices, while phase three will release such apps for home television, Trump Media said.


"The streaming content is expected to focus on live TV including news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services," Trump Media said in its release.


CEO Devin Nunes in a prepared statement said, "We're excited to move forward with the next big phase for Truth Social."


"With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery service," Nunes said. "There is a lot of great content that simply can't find an audience for unjust reasons, and we want to let these creators know they'll soon have a guaranteed platform where they won't be cancelled."

I want my Hate TV!

 

[praguehawk]

All the proof I need is "I told you dregs in advance of it going public to jump in". Rico told you about the goldmine yet you losers just sat there playing with yourselves.

Rico was in and out and made mucho dinero. Your hate of Donald Trump cost you thousands.

End of story.

 

[VodkaSam]

Good analysis on Truth Social from a couple of guys who seem to know what they’re talking about.

Trump Media's streaming play is rearranging deck chairs on the Titanic, strategist says — Quartz

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stocks.apple.com

 

[tarheelbybirth]

What does today hold...

Trump Media & Technology Group Corp​

NASDAQ: DJT
22.84
USD▼ -3.77 (-14.17%) today
April 16, 7:59 PM EDT · Market Closed

 

[MitchLL]

Rico's making $$$ today...up to $24.

Buy another lake house?

 

[MitchLL]

The DRASTIC daily price swings of this stock should make every investor nervous as hell.

Rookie investors seem to be the target audience for this farce.

 

[Funky Bunch]

The DRASTIC daily price swings of this stock should make every investor nervous as hell.

Rookie investors seem to be the target audience for this farce.

I'm sure Rico bought in again at the lows

 

[VodkaSam]

Experienced investors again fattening the newest group of MAGA sows up before the next slaughter.

 

[THE_DEVIL]

 

[TC Nole OX]

 

[lucas80]

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Always the victim. Always deflecting. Always scamming the rubes.

 

[Joes Place]

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Even Better Take:

 

[MitchLL]

Anyone that invests in a "yo yo" stock like this deserves to lose every penny.

But somehow it's Biden's fault???

LOL

 

[TC Nole OX]

They tricked the cultists into buying the dip, from 22.55 to over 37.00 in just a few days.

Load up Rico

 

[TC Nole OX]

 

[TC Nole OX]

 

[RollingBallofButcherKnives]

Crooked Joe is at it again 🙄

 

[CRazzle]

 

[tarheelbybirth]

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They seemed so trustworthy!!

 

[Obviously Oblivious]

Who would have guessed that the accounting firm BF Borgers was a sham firm that's essentially being paid off to legitimize and misstate publicly traded companies SEC filings and audit reports? I mean after all they have been cited by the PCAOB and US regulators as having a 100% deficiency rate in both 2021 & 2022. BF Borgers doubled their client list from 2019-2021 and are responsible for 147 annual audits for those clients. 80% of their clients stock are OTC traded.

Did I mention BF Borgers has one person on staff, Ben Borgers? It's amazing one person alone can handle that sizable workload.

 

[lucas80]

Who would have guessed that the accounting firm BF Borgers was a sham firm that's essentially being paid off to legitimize and misstate publicly traded companies SEC filings and audit reports? I mean after all they have been cited by the PCAOB and US regulators as having a 100% deficiency rate in both 2021 & 2022. BF Borgers doubled their client list from 2019-2021 and are responsible for 147 annual audits for those clients. 80% of their clients stock are OTC traded.

Did I mention BF Borgers has one person on staff, Ben Borgers? It's amazing one person alone can handle that sizable workload.

Trump going with a reputable accounting firm would have been shocking.

 

[THE_DEVIL]

Of course

 

[THE_DEVIL]

Donald Trump’s Truth Social media site has just 113,000 users and has seen a 4% drop in users over the past month and 19% this year.

 

[VodkaSam]

Trump going with a reputable accounting firm would have been shocking.

Reputable accounting firms expect to be paid for their services.

 

[Joes Place]

Donald Trump’s Truth Social media site has just 113,000 users and has seen a 4% drop in users over the past month and 19% this year.

So.....this is a "BUY" opportunity, you're sayin'???

 

[Huey Grey]

Donald Trump’s Truth Social media site has just 113,000 users and has seen a 4% drop in users over the past month and 19% this year.

It is also highly unlikely to appreciably add users. The social media market is super saturated. And Truth has no model to tap into this market. This thing has already seen it's golden age. And that golden age sucked.

 

[ericram]

It is also highly unlikely to appreciably add users. The social media market is super saturated. And Truth has no model to tap into this market. This thing has already seen it's golden age. And that golden age sucked.

No new users = very little ad revenue. It was a junk stock. SEC should be looking into how it was valued so much.

 

[lucas80]

No new users = very little ad revenue. It was a junk stock. SEC should be looking into how it was valued so much.

No proprietary technology, either. It's almost like a serial grifter targeted his rubes with another scam.

 

[TC Nole OX]

Reputable accounting firms expect to be paid for their services.

Also, will immediately downgrade if not completely erase their reputation by working with TRUMP

 

[TC Nole OX]

 

[NoleATL]

Breaking News: Video of Rico on New Years Eve 1999 released.

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Crazy, ain't it?

 

[hawkeyetraveler]

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Please please please let this happen. Watching the minority members of the committee grill Numbnuts Nunes and the Numpties (a great Polka band name by the way) would be comedic gold.

Well, that is if it wasn’t so damn ridiculous that he whined to congress, that he approached the judiciary committee about it, or that the stock was so inflated in the first place.

 

[Joes Place]

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....maybe because your financials are on a par with what a busy Chick-Fil-A has for annual revenues...???

 

[HROT]

It should be obvious he doesn’t ever talk about Truth social or the stock.

 

[lucas80]

It should be obvious he doesn’t ever talk about Truth social or the stock.

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Meh, he's going to get paid. It's just the little people who will get hurt and lose their life savings. He'll be fine.

 

[BustingNarratives]

It should be obvious he doesn’t ever talk about Truth social or the stock.

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They are issuing more shares … which in turn dilutes the value of existing shares. Publicly traded companies do this all the time.

https://www.cnbc.com/2024/06/18/trump-media-shares-plunge-17percent-with-newly-available-shares-set-to-dilute-stock-value.html

 

[dgordo]

They are issuing more shares … which in turn dilutes the value of existing shares. Publicly traded companies do this all the time.

https://www.cnbc.com/2024/06/18/trump-media-shares-plunge-17percent-with-newly-available-shares-set-to-dilute-stock-value.html

Typically only when the company thinks the stock price is inflated.

 

[RicoSuave102954]

Meh, he's going to get paid. It's just the little people who will get hurt and lose their life savings. He'll be fine.

Who puts their life savings into one stock?

 

[mnole03]

DJT only went up because of a potential short-squeeze. His contempt for his supporters truly is a marvel.

 

[RicoSuave102954]

DJT only went up because of a potential short-squeeze. His contempt for his supporters truly is a marvel.

LOL - After the debate Biden will be exposed for the dithering dementia man he is.