I keep hitting refresh on the Truth Social stock price....

[Grendel]

Up 11% today because Dementia Don said he wouldn't sell next month. Ok, I'm all in!

Stupidass! It went down again! All time lows! You're fucked! Hope you like living in a box.

You're the stupidass! Didn't even defend yourself when Hotsauce insulted your sense of fashion!

Anyhoo, I sold at a loss and I am going to invest it in Trumps new crypto project...IDIOT!

[HueyRamone]

Down another 5% on a day where the markets are roaring to all time highs.

it's at 15, and he's allowed to start selling tomorrow if the stock remains above 12. Will he dump 100% of it and fuck over all the investors and make 2 billion? I cant imagine why he wouldnt.

[Grendel]

Down 4 percent today...

[HueyRamone]

Down 4 percent today...

[EzyRider]

It's a beautiful day in the neighborhood!

Trump Media Hits New Low As Former President, Insiders Can Sell DJT Stock
https://www.investors.com/news/donald-t ... djt-stock/

"....Trump Media stock plunged 8% to 13.52, hitting a record low. Shares dived 24.6% for the week.

DJT stock began trading on March 26, as Trump Media came public via a SPAC merger with Digital World Acquisition. Even including the pre-SPAC DWAC trading, Trump Media set its lowest price in more than a year.

Trump Media has scant revenue, reporting roughly $800,000 in each of the last three quarters, along with ongoing losses.

DJT stock has traded at times as a sentiment indicator about Donald Trump's political campaign"

[HueyRamone]

We have to buy more to push it back up!

[Grendel]

Down 10.33% today... buying opportunity boys! Load up!

[HueyRamone]

Down 10.33% today... buying opportunity boys! Load up!

We should have! It's been on fire since then!!

[Danzig in the Dark]

Down 10.33% today... buying opportunity boys! Load up!

We should have! It's been on fire since then!!

[cowpins]

Hahahaha...so basically you guys are "less sophisticated losers".

Shares of Trump Media have been considered a meme stock by some market experts, which is a nickname given to stocks that get caught up in buzz online and shoot way beyond what traditional analysis says they’re worth. The stock has fluctuated for several months, with trading largely driven by individual investors who are typically considered less sophisticated than day traders.

https://www.yahoo.com/finance/news/chie ... 25639.html

[Nate S Axel]

Why are old people so gullible? Does this make you support euthanasia for the elderly?

https://gizmodo.com/truth-social-users- ... 2000506604

[HueyRamone]

Son of a bitch! The price has tripled in the last month!! Why didnt I put all my earnin's in????!?!?

[HueyRamone]

Now it's fourpled!!

It's basically at all time highs, apart from the mania of when it launched for a day or two...... we'll all be rich if we put our $ in it a month ago!

[ParaDime77]

I’m up big on this after getting back in under $20.00.

Definitely pulling the ripcord around Election Day. This thing could be on the bottom of the ocean by 11/5.

[Nate S Axel]

Trump's social media company is now worth more than Musk's X after recent surge in stock price
https://finance.yahoo.com/news/trumps-s ... 43093.html

[HueyRamone]

Trump's social media company is now worth more than Musk's X after recent surge in stock price
https://finance.yahoo.com/news/trumps-s ... 43093.html

Lol, Musk's car company is worth more than all the car companies who make actual quantities of cars.
And Trumps fake social site is worth more than Musk's real one.

[HueyRamone]

I’m up big on this after getting back in under $20.00.

Definitely pulling the ripcord around Election Day. This thing could be on the bottom of the ocean by 11/5.

When it hit $12 how did you know it would go back up? That the election would cause all the Trump supporters to buy in as a way to launder money to him in exchange for whatever once he gets in office?


EDIT - wow, 12% drop today.

[ParaDime77]

Dumped all of it at $46.00. Great climb though while it lasted.

[prog]

As someone who works on Wall Street. There are numerous numerous red flags happening that suggest potential extreme market manipulation by both retail and institutional investors. Classic pump and dump charting in play. Also a great way to launder money (prearranged trading - one person buys and sells through limit orders outside the spread and get filled immediately - easy anonymous transfer of wealth).

Telling is that this thing trading over 50 million share a day over the past few weeks (ie, highly liquid), yet the bid/ask spreads are typically more than a cent apart. That doesn’t happen with traditional stocks.

Last. The company has no tangible value. It’s a meme stock and its value is derived over how investors perceive his chances. If he loses, it becomes a penny stock. If he wins? To the moon, to quote Reddit wallstreetbets.

Edit to add. Post price bump if he does win, Trump is out and will unleash 50% of the float onto the public. That will cause the price to crater. Either way. Joe Schmo with his 401k solely invested in this stock on the streets. And Trump profits off their misery. Rinse repeat. Leopards ate my fucking face. Again.

[Grendel]

This thing is going to tank bigly on Wed.

[EzyRider]

As someone who works on Wall Street. There are numerous numerous red flags happening that suggest potential extreme market manipulation by both retail and institutional investors. Classic pump and dump charting in play. Also a great way to launder money (prearranged trading - one person buys and sells through limit orders outside the spread and get filled immediately - easy anonymous transfer of wealth).

Telling is that this thing trading over 50 million share a day over the past few weeks (ie, highly liquid), yet the bid/ask spreads are typically more than a cent apart. That doesn’t happen with traditional stocks.

Last. The company has no tangible value. It’s a meme stock and its value is derived over how investors perceive his chances. If he loses, it becomes a penny stock. If he wins? To the moon, to quote Reddit wallstreetbets.

Edit to add. Post price bump if he does win, Trump is out and will unleash 50% of the float onto the public. That will cause the price to crater. Either way. Joe Schmo with his 401k solely invested in this stock on the streets. And Trump profits off their misery. Rinse repeat. Leopards ate my fucking face. Again.

Thanks for the inside perspective, had no idea about the potential laundering going on, very interesting take.

It is a true meme stock, as soon as Musk got involved it shot way up!

The 5 day is down -35% at $34.89 though, and that's after a +12% rise today (some wild swings going on here!)

ParaDime77 getting in <$20 and out $46 is super awesome!!

Quote from 'https://www.reuters.com/markets/us/trum ... 024-11-04/'
"For the second quarter, Trump Media reported a loss of $16.4 million and revenue of $837,000. The company has a market capitalization of around $6 billion"

[HueyRamone]

Guarantee this merges with X/twitter at some point.

[Sleek]

Hm. DJT is crashing hard right now, starting at 11am on this election day...does somebody know something?

[Nate S Axel]

DJT (+23%) is up big in after-hours trading.

[ParaDime77]

Stock is completely cashed now.

[EzyRider]

down 23% to $27.70 today, after hours is $2 below that at $25.60. Ouch!

Still plenty of room to drop further, it's essentially worthless IMHO.

"In a surprise filing Tuesday, Trump Media reported that it lost more than $19 million in its third quarter this year. The company had only $2.6 million in revenue, while racking up a net loss of $363 million for the first nine months of 2024"

[HueyRamone]

Im still sticking to that X will merge with it at some point.