Don’t worry a mystery investor will come and put billions in Trump’s pockets anytime now.
Again.
Probably all these shares being bought by Russians anyways.
I wouldn’t say just Russians, but a 50% chance of owning shares in the next ruler of America for $31.16/ea is a deal for a lot of people.
Hmm, you’ve got me sold
[furiously logging into my Robin Hood account]
I thought Robin Hood took from the poor and gave to the rich.
Dennis Moore, Dennis Moore he’s not in this bit 🎶
I can hit it nine times out ten, that’s the point
Don’t forget the Saudis
They already gave 2 billion to Ivankas husband, they’re good.
And for social networks, they financed Musk to get their hands on Twitter.
Why bother chopping up reporters (again) when they can just control the platform?
Don’t worry a mystery investor will come and put billions in Trump’s pockets anytime now.
Are you suggesting that there was actually no need to spend $8 billion to build a site comparable to lemmy?
Ya, the Ruble is falling against the dollar again, so of course this happens.
Roughly 3 months to go in this game of hot potato before Trump can sell his shares without special permission from the board.
He can probably get that permission by twisting arms.
The stock market is a voting machine not a weighing machine….
I’m amazed that any investor is buying for the long term. People buying are only propping up trump. There are no fundamentals it has only ever lost money.
So yeah some people speculate on it. Or to prop him up
Run Away!!!
Different take:
In other words, Buffett specialized in finding “undervalued” issues on the market. Such opportunities arise occasionally, he says, because in the short run the stock market acts like a “voting machine” (reflecting all kinds of irrational attitudes and expectations), while functioning in the long run more like a “weighing machine” (reflecting a firm’s true value).
https://quoteinvestigator.com/2020/01/09/market/?amp=1
Either way, DJT is a shorting opportunity.
TIL Trump’s media is still in business. I’m surprised it lasted this long. I guess there’s stupid people in every field.
There is no shortage of stupid people. Explains why a tool like donnie even had that ridiculous game show given to him, and also how he managed to win the Electoral College and slither into office.
There will always be stocks for gullible people. I remember when they IPO’d the national telecommunication company in my country. You were practically bombarded with ads from all sides to buy shares. My stance was that if they have to peddle the stock to the public that way, they probably did not find sufficient interest in professional circles for a reason.
The stock was then IPO’d at about €15 and shot up to over €100 in a few months. My coworker was quite thankful later that I frequently reminded him that the overall evaluation of the company only supported a value of about €10 per share. He sold at €100. It peaked at €102, and then fell down to €12 or €13. Over the last 30 years, it managed to slowly climb to €22 now, with no more significant peaks.
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your share price is wrong, its $31.06 right now down from $34.72 at opening today (about 11.5% down). Hopefully it’ll be down to less than a penny before Trump is allowed to sell them, that would be amazing. It was down to $30 earlier (about 13.6% down), but its rebounding slightly on people buying the dip so they can lose it tomorrow as it continues to drop. Less than a month ago (May 30) it was up to $55/share, so in 2.5 weeks its dropped 43.5%. From its High of $66.22 on April 25, its lost 53.1% of its value. So less than 2 months it lost over half its value, lets hope it loses the other half in the next 2 months.
Edit: 2 days later and its currently down 58.82% from April 25 to $27.27 a share, so it lost 4 bucks in 2 days already. Lets-a-go, if it keeps this pace it’ll be worthless by next weekend. Though its highly unlikely that will happen that quickly, likely going to see some pumps and dumps and rebounds while steadily keeping the trending direction.
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Trump Media trades on NASDAQ, and of course uses a ticker that is also in use on the NYSE. Use djt:nasdaq to keep up to date on its falling stock price.
Holy shit it looks like it has dipped to 25. Is that common after market hours?
Welp, time to buy shorts…or is it puts? (I’m not a stock trader, which ever is the one you buy when you’re predicting a drop in stock price lmao)
Id recommend doing neither if youre not comfortable with the terms.
Shorts can be particularly dangerous. Puts/Calls tend to at least be a static gain or loss, although it can be large as well.
In this instance where you want to bet money on a stock falling, you would buy a put or sell a call. You can buy and sell for different time frames and different total amounts, but that’s extra complexity. Start very small, standard length and only 1 contract at a time.
113M shares times $31/share is $3.5B.
That’s wild. No way the company is worth that, much less his share.
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The secret ingredient is crime
Didn’t they at least raise $500 million or something?
It’s not a totally worthless company. Honestly, the point we should celebrate is when it drops below the value of the $$$$ that was pumped into the stock. The IPO and SPAC rised nearly $500Million so the company officially loses value at around $6/share or so.
With a gross profit of over 4 million!
Gross.
Interest rates are 5.25% right now. If they just put that money in a money-market fund, they’d be getting ~$25 million/year in profits alone.
Just $4 Million in profits is hilariously bad. It means the company is doing worse than a pile of cash.
They’re doing way worse their balance sheet or whatever only quoted them at $770,000 total revenue last quarter. Overall they lost 325 million dollars last quarter.
I think you meant revenue and not profit. I believe that they are still operating at a loss of several hundred million dollars with a shrinking user base.
Net Loss: (327,599.7) (Thousands).
That’s $327.5 Million lost last quarter. Holy shit.
$31.16 USD each.
I keep checking about once per week. I saw this earlier today and felt pretty great about it. I feel bad for the rubes who lost their savings, but I can’t be responsible for their inability to spot a con.
I don’t feel bad for them. They’re supporting a rapist convicted felon and traitor.
Blyat!
Gosh, that’s so sad.
So sad. Well, anyway. How’s the evolution thing working out for ya? Seems pretty popular conceptually.
🤞🍿
It’s soooo low! buy buy buy!
/s don’t buy people.
