Rebound Posted April 1 Report Share Posted April 1 Monday’s freefall came after Trump Media unveiled its full-year 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million, with fourth-quarter sales of roughly $750,000. Spend $58 million to earn $750,000. Sounds like every other Trump business to me. v 2 Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 1 Report Share Posted April 1 12 minutes ago, Rebound said: Monday’s freefall came after Trump Media unveiled its full-year 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million, with fourth-quarter sales of roughly $750,000. Spend $58 million to earn $750,000. Sounds like every other Trump business to me. v Might be good for some roller coaster profits over the next couple of weeks, but I never trade that often. Quote Link to comment Share on other sites More sharing options...
Hodad Posted April 2 Report Share Posted April 2 Still wildly overpriced. There are three sad components to this story. 1. Literally everyone involved in that business knows that there is no future there, but still decided to take it public (backdoor) knowing full well that the low-IQ cultists would funnel money in and they (Trump) would cash out and take that money as soon as the board allows. 2. Everyone is telling the cultists this truth, and even after it all comes to pass they will not have the awareness or self respect to be pissed about having been taken advantage of. 3. Even after the autopsy is completed and we can see how foreign interests were funneling money directly into the pockets of a corrupt Trump, the cultists will cry out that Trump is being persecuted by the media--and the SEC--instead of acknowledging that, as always, it's trouble that's entirely earned. 1 Quote Link to comment Share on other sites More sharing options...
Aristides Posted April 2 Report Share Posted April 2 3 hours ago, Hodad said: Still wildly overpriced. There are three sad components to this story. 1. Literally everyone involved in that business knows that there is no future there, but still decided to take it public (backdoor) knowing full well that the low-IQ cultists would funnel money in and they (Trump) would cash out and take that money as soon as the board allows. 2. Everyone is telling the cultists this truth, and even after it all comes to pass they will not have the awareness or self respect to be pissed about having been taken advantage of. 3. Even after the autopsy is completed and we can see how foreign interests were funneling money directly into the pockets of a corrupt Trump, the cultists will cry out that Trump is being persecuted by the media--and the SEC--instead of acknowledging that, as always, it's trouble that's entirely earned. Trump can't sell until 6 months after going public so he is taking a big hit. https://www.bnnbloomberg.ca/trump-s-net-worth-drops-us-1-billion-as-social-media-firm-sinks-1.2053755 1 Quote Link to comment Share on other sites More sharing options...
Hodad Posted April 2 Report Share Posted April 2 (edited) 12 hours ago, Aristides said: Trump can't sell until 6 months after going public so he is taking a big hit. https://www.bnnbloomberg.ca/trump-s-net-worth-drops-us-1-billion-as-social-media-firm-sinks-1.2053755 My understanding is that the board can grant him permission to sell earlier. Most companies have a board that's focused on serving shareholders. Any guess at who *this* board is interested in serving? Unless enough foreign "investor" money flows in to keep prices elevated, I'm betting he cashes out early. This is not a real business, and there's no point in a pump-and-dump unless you dump. Edited April 2 by Hodad 1 Quote Link to comment Share on other sites More sharing options...
Aristides Posted April 2 Report Share Posted April 2 6 hours ago, Hodad said: My understanding is that the board barn grant him permission to sell earlier. Most companies have a board that's focused on serving shareholders. Any guess at who *this* board is interested in serving? Unless enough foreign "investor" money flows in to keep figured elevated, I'm being he cashes out early. This is not a real business, and there's no point in a pump-and-dump unless you dump. Looks like you are correct. The board consists of mostly his family and cronies. Trump owns 60% and this thing will likely crater fast. The only other time a Trump company went public it went belly up. His cult won't care though. 1 Quote Link to comment Share on other sites More sharing options...
Rebound Posted April 8 Author Report Share Posted April 8 (edited) Trump Media’s market cap fell half a billion dollars in a week, with the stock now trading at just $37, having traded at $52 last week. DJT is by far the most expensive stock to short, with investors gobbling up ever short position they can. Trump’s personal 57% stake in the company has crashed in value, from $5 billion to $3.19 billion, and it’s highly likely to continue in this free fall while he remains in his six month lockout period. Of course, with such a large stake in the company, dumping those shares would cause the stock price to fall even harder. Trump Media announced 2023 revenue of just $4.1 million, against a loss of $58.2 million. Edited April 8 by Rebound 1 Quote Link to comment Share on other sites More sharing options...
Rebound Posted April 9 Author Report Share Posted April 9 The bloodbath on this stock continues, falling again today. One week ago, it had fallen from $75 to $52. In the past week, it has fallen from $52 to $35. Market cap has been cut fully in half. But how is a company worth even $1 billion with just $4 million in revenue and $52 million in losses… and no plan for growth? 2 Quote Link to comment Share on other sites More sharing options...
Deluge Posted April 9 Report Share Posted April 9 On 4/1/2024 at 4:32 PM, Rebound said: Monday’s freefall came after Trump Media unveiled its full-year 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million, with fourth-quarter sales of roughly $750,000. Spend $58 million to earn $750,000. Sounds like every other Trump business to me. v Oh well, can't win 'em all. He's still going to kick the hair sniffer's ass in November. Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 9 Report Share Posted April 9 2 hours ago, Deluge said: Oh well, can't win 'em all. He's still going to kick the hair sniffer's ass in November. And you're going to vote for the pu$$y grabber who is PROUD to brag about his sexual assault, cause you're a misogynist who wants to enslave women. 🤮 2 Quote Link to comment Share on other sites More sharing options...
Deluge Posted April 9 Report Share Posted April 9 4 minutes ago, robosmith said: And you're going to vote for the pu$$y grabber who is PROUD to brag about his sexual assault, cause you're a misogynist who wants to enslave women. 🤮 I'm voting for the guy who isn't a woke piece of sh*t. I am to be commended. YOU are to be condemned. Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 9 Report Share Posted April 9 3 minutes ago, Deluge said: I'm voting for the guy who isn't a woke piece of sh*t. I am to be commended. YOU are to be condemned. You should wake up from your nightmare about Trump's "American carnage" LIE. Quote Link to comment Share on other sites More sharing options...
Rebound Posted April 9 Author Report Share Posted April 9 3 hours ago, Deluge said: Oh well, can't win 'em all. He's still going to kick the hair sniffer's ass in November. Can’t win em all? Weren’t you telling us last week that it was a good investment? And now it’s the most-shorted stock on Wall St, and falling like a rock. Quote Link to comment Share on other sites More sharing options...
Deluge Posted April 9 Report Share Posted April 9 Just now, Rebound said: Can’t win em all? Weren’t you telling us last week that it was a good investment? And now it’s the most-shorted stock on Wall St, and falling like a rock. Nope. I said invest instead of donate. Investments always involve risk, but why not help the Donald by investing in his product? It looked good early on but now it doesn't look good. You can't win 'em all. Quote Link to comment Share on other sites More sharing options...
impartialobserver Posted April 9 Report Share Posted April 9 not all that surprising. Stock prices when viewed in the short term are mostly an indication of societal fears, opinions, and such. Spread it out to six months or so and the statistical white noise smoothes out and it is connected to fundamentals such as productivity, capital investment, etc. Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 9 Report Share Posted April 9 4 minutes ago, Deluge said: Nope. I said invest instead of donate. Investments always involve risk, but why not help the Donald by investing in his product? It looked good early on but now it doesn't look good. You can't win 'em all. You MAGA CULT rubes paying his legal expenses only encourages him to break the laws, that's "why not." Quote Link to comment Share on other sites More sharing options...
Deluge Posted April 9 Report Share Posted April 9 23 minutes ago, robosmith said: You MAGA CULT rubes paying his legal expenses only encourages him to break the laws, that's "why not." You woketards really think you've cornered the "best guy" market. lol Listen, dipshit, the democrat party is complete trash. Nothing that comes out of that group is worth shit. Biden is shit. Obama was shit, and so was Clinton. Trump is the best option because he ISN'T a democrat. Democrat = dogshit. Republican = better than dogshit. Learn it, love it, live it. Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 9 Report Share Posted April 9 15 minutes ago, Deluge said: You woketards really think you've cornered the "best guy" market. lol Listen, dipshit, the democrat party is complete trash. Nothing that comes out of that group is worth shit. Biden is shit. Obama was shit, and so was Clinton. Trump is the best option because he ISN'T a democrat. Democrat = dogshit. Republican = better than dogshit. Learn it, love it, live it. DELUGINAL ^BULLSHIT, nothing more. Quote Link to comment Share on other sites More sharing options...
Deluge Posted April 9 Report Share Posted April 9 4 minutes ago, robosmith said: DELUGINAL ^BULLSHIT, nothing more. robocrat's head is firmly up the left's ass. 1 Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 9 Report Share Posted April 9 1 hour ago, Deluge said: robocrat's head is firmly up the left's ass. DELUGINAL ^BULLSHIT, nothing more. Quote Link to comment Share on other sites More sharing options...
Deluge Posted April 9 Report Share Posted April 9 9 minutes ago, robosmith said: DELUGINAL ^BULLSHIT, nothing more. https://www.newsmax.com/politics/abortion-joe-biden-gallego/2024/04/09/id/1160338/ Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 10 Report Share Posted April 10 Trump Media Is the New Bed Bath & Beyond Quote After the stock-market frenzy that ensued when Trump Media & Technology Group started trading on Tuesday (under the ticker symbol DJT), one thing is almost certainly true: Donald Trump is now the chairman of the most overvalued company on Nasdaq. Trump Media had a grand total of $3.4 million in revenue in the first nine months of 2023, against more than $10 million in operating losses. Its only product is Truth Social, Trump’s right-wing Twitter clone, which has a tiny user base, few advertisers, and no real prospect of challenging the dominant players in the social-media space. And yet, as of market close on Tuesday, Trump Media was valued at almost $8 billion, making it worth more on paper than The New York Times. Trump cultivates a populist, anti-elite image, and has legions of true believers who are convinced that, on top of having been a great president, he’s a great businessman. For these people, buying Trump Media stock—which inflates Trump’s net worth because he owns 58 percent of the company—is an easy way to register their commitment to him and own the libs, while also potentially getting rich. That’s why Truth Social on Tuesday was replete with messages from users urging Trump supporters to drive up Trump Media’s price and “drive the liberals insane!” The nice thing about this for Trump is that Trump Media’s dismal business prospects are irrelevant to its valuation. The prospectus for the merger of Trump Media and the special-purpose acquisition company Digital World Acquisition Corp. includes a seemingly endless list of risk factors, including the fact that “a number of companies associated with President Trump have filed for bankruptcy.” It offers no plausible path to rapid growth, let alone to profitability. And it doesn’t even provide a detailed picture of Truth Social’s current operations: Digital World—a shell company that appears to have been created for the sole purpose of taking Trump Media public—says in the prospectus that Trump Media did not provide it with “complete financial information.” Remarkably, Trump Media says that it has no plans to report, and doesn’t even collect data on how many active users Truth Social has, how many new users it’s signing up, or how many ad impressions it’s generating. Quote Link to comment Share on other sites More sharing options...
robosmith Posted April 11 Report Share Posted April 11 Trump’s Truth Social Stock Is an Ethics Nightmare Quote If you thought the conflicts of interest in Trump’s first term were problematic, consider the prospects of a President appearing to leverage others or allowing himself to be leveraged through a publicly traded company. Imagine the whole world spending four years tracking the ups and downs of Trump Media’s stock in real time as they speculate on how any movement connects to the Trump administration’s policy decisions. The nuclear codes and presidential immunity are nothing to sneeze at. But Trump’s return to the presidency carries a prospect that his even hinting that his position on a given issue was fungible could function as a flashing ‘Buy DJT Now’ sign. If all of this seems like a messy detour from most presidential campaigns, it is. Typically, at this point, candidates are wooing mega-donors to open their wallets, super PACs—with proper distance, of course—to unleash unlimited cash, and grassroots activists to work for free knocking on doors and making calls. Trump, meanwhile, is busy fighting a legal hell, bleeding his friends dry to have his back on personal matters, and scamming his loyalists on stock prices that hinge on him simultaneously winning the White House and not cashing out as soon as his six-month golden handcuffs expire. Very few investment professionals would recommend this as a retirement kitty, but stock prices on Wednesday parked the ticker north of $6 billion. So, at least for the moment, DJT—Nasdaq’s Version—remains lucrative, even if its candidate counterpart remains just as much of a gamble. Ethics, Schmethics, Trump never had no stinkin ethics. And neither does his MAGA CULT. Quote Link to comment Share on other sites More sharing options...
Rebound Posted April 12 Author Report Share Posted April 12 (edited) And it continues to fall like a rock… Down to $32. Edited April 12 by Rebound 1 Quote Link to comment Share on other sites More sharing options...
Rebound Posted April 12 Author Report Share Posted April 12 (edited) On 4/9/2024 at 1:28 PM, impartialobserver said: not all that surprising. Stock prices when viewed in the short term are mostly an indication of societal fears, opinions, and such. Spread it out to six months or so and the statistical white noise smoothes out and it is connected to fundamentals such as productivity, capital investment, etc. In six months, DJT will be a penny stock. You’ve forgotten that there is no growth story for this company. They are a Twitter for Donald Trump’s posts, and a handful of neo-Nazi and QAnon members who were kicked off of Twitter. How do you grow that into hundreds of millions of users? Twitter has over 400 million monthly users. Truth has single digit millions, at best (they haven’t published their figures, because, obviously, they’re so bad). They haven’t shown how their platform has or will grow at all, and they’ve shown that they will run out of cash in about a year. Assuming the chart below is roughly accurate, Truth’s market cap is unjustified. Market Cap divided by users: Meta: $123 market cap per user. Twitter: $111 Pinterest: $40 Truth: $1,200 <— See the problem? Edited April 12 by Rebound Quote Link to comment Share on other sites More sharing options...
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