Truth Social falls to $15 after Trump’s Debate Failure

[Rebound]

5 hours ago, gatomontes99 said:

How weird. TS hit $21 today. That is $3 higher than before the debate. I thought the debate wrecked the stock? Could it be you were just full of it with the quiet part before the it.

The stock rose on Trump’s announcement that he will not sell any of his shares. 

But you’d have to be a complete sucker to believe that load of nonsense. Of course he’ll sell his shares. 

[gatomontes99]

1 hour ago, Rebound said:

The stock rose on Trump’s announcement that he will not sell any of his shares. 

But you’d have to be a complete sucker to believe that load of nonsense. Of course he’ll sell his shares. 

Shut up. You lied about the reason the stock dropped. Just stop.

Edited September 14, 2024 by gatomontes99

[Rebound]

43 minutes ago, gatomontes99 said:

Shut up. You lied about the reason the stock dropped. Just stop.

No, Trump owns 60% of the shares, and he can start selling them in a week or two… and the company did file with the SEC to issue even more stock, which will dilute the value of the existing stock.  
 

Meanwhile, the company’s financials are dismal.  It’s bad enough that they’ve lost hundreds of millions of dollars for no apparent reason — it doesn’t cost THAT much to write software — but they aren’t earning any money, with quarterly revenues consistently under $1 million.

 

Edited September 14, 2024 by Rebound

[Rebound]

On 9/13/2024 at 10:54 PM, gatomontes99 said:

Shut up. You lied about the reason the stock dropped. Just stop.

Now Trump stock has plummeted to $13.55. 

[impartialobserver]

the reason why it has dropped is not all that important. the facts remain that it has simply an overall but gradual decline. That tells you that folks do not care enough about it to invest in it. They feel that their money is better used somewhere else. 

[Rebound]

2 hours ago, impartialobserver said:

the reason why it has dropped is not all that important. the facts remain that it has simply an overall but gradual decline. That tells you that folks do not care enough about it to invest in it. They feel that their money is better used somewhere else. 

That’s extremely vague. I get that you try to be neutral, but you’re overdoing it. 
 

Truth Social has dismal financials.  And it’s not like, say, Uber, who was losing money on a billion in revenue; Truth Social has had dismal revenues; under $1 million in revenue last quarter.  So in what world is a company with revenue of under $3 million per year and losses of over $150 million a year sound like a business worth billions of dollars?  
 

Today the stock dropped again, to $12.55.  At this rate, it is on its way to being delisted.  

[Rebound]

Stock price has fallen to $12.15 a share. 

[impartialobserver]

19 hours ago, Rebound said:

That’s extremely vague. I get that you try to be neutral, but you’re overdoing it. 
 

Truth Social has dismal financials.  And it’s not like, say, Uber, who was losing money on a billion in revenue; Truth Social has had dismal revenues; under $1 million in revenue last quarter.  So in what world is a company with revenue of under $3 million per year and losses of over $150 million a year sound like a business worth billions of dollars?  
 

Today the stock dropped again, to $12.55.  At this rate, it is on its way to being delisted.  

The dismal financials are a product of Trump not be a great enough selling point. Its a flawed idea that some thought could be rescued by Trump's presence. Well.. not so. 

[NAME REMOVED]

Truth Social stock is sitting at $12.50/share.

 

Just like every other business Trump has downed, this media app will come crashing to the ground. 

[Rebound]

On 9/24/2024 at 1:22 PM, impartialobserver said:

The dismal financials are a product of Trump not be a great enough selling point. Its a flawed idea that some thought could be rescued by Trump's presence. Well.. not so. 

It’s like everything else with this guy: Donald Trump is a con man. He cons investors into believing that he will make them enormous sums of money, and then his businesses fail and his investors lose their money. 

The man’s been convicted on 34 felony business fraud felonies AND he lost $25 million in a Trump “University” fraud lawsuit AND he lost over $700 million in another fraud lawsuit. He’s gone bankrupt 7 times and one business after another of his have failed miserably. Of all the businessmen to run America’s economy, Donald Trump is the worst possible choice.

Look at his economic “plan”: A 60% tariff on Chinese imports and an enormous tax cut for the ultra-rich.  The tariff will make nearly all of the goods bought at Wal-Mart, Target and Amazon cost 60% more, which is clearly inflationary, and the tax cut for the rich will result in bigger deficits and even more inflation.  And in retaliation for the tariffs, our global trading parters will enact tariffs of their own, reducing our exports. This confidence man parades around like a peacock pretending to be an economic genius, when his plan makes no sense. 

[Deluge]

On 9/11/2024 at 9:09 AM, Rebound said:

Nothing more to say… the stock opened and $18.45 and slid to a low of $15.30, and the day isn’t over yet.  

Welp, guess I'd better switch my vote to Mrs. Marx.

God knows we could always use more criminal invaders to infest America's cities and towns, right perverts? 

[Hodad]

They've pumped the chumps. Let the dump begin! 

Trump Media co-founder and former ‘Apprentice’ contestant dumps about $100 million worth of stock

 

Yes, anybody who trusts Trump with their investment deserves what they get. (This was never a remotely plausible business.) But it's also a real shame that Mom and Pop investors are going to get hurt because they fell for a classic con from a known con man. 

Edited September 27, 2024 by Hodad