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+--- Thread: Trump seeths as Truth Social’s stock price gets absolutely hammered (/showthread.php?tid=286201)
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Trump seeths as Truth Social’s stock price gets absolutely hammered - pdq - 04-05-2024
"It’s a scam, just like everything
Well of course it is. What did anyone expect?
Shares of the group have been tanking ever since it merged with a blank check acquisition company last month, falling almost 25 percent in the last five days.
Yeaahhhhh - better make that 33% ($60 to $40).
"I mean, it’s ridiculous," Barry Diller, chairman of holdings company IAC and Expedia, told CNBC on Thursday. "The company has no revenue."
Another Liberal lie LIE LI3!!! It had 4 million dollars of revenue last year (on which it lost more than $50M :dunno
. But it has What’s kind of interesting is that there aren’t that many shares to sell, as Trump managed to hog something like 80% for himself, and he isn’t supposed to be able to sell them for 6 months (altho I’d guess he’ll change those rules soon, before all his shares are worthless).
As I mentioned here, I bought some put options (a bearish bet) at a strike of $60, and took my profits way too soon. But this is at best a meme stock, and with the limited float could be subject to all sorts of manipulation short-term. Longer term?
About as promising as a Trump casino/steak/University/etc.
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - Ted King - 04-05-2024
If he becomes president again, of course anybody can buy shares - you just tell him what you want from the government and he will give it to you. For $100 million dollars of stock bought for him you also get an ambassadorship thrown in for free. It would be like Trump Hotel in Washington D.C. on steroids without having to actually do anything - other than totally corrupt our government.
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - sekker - 04-06-2024
I read that something like 99% of the potential shorts have been made.
It's a complete scam, it's just a way for his followers to give him money.
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - GGD - 04-06-2024
sekker wrote:
I read that something like 99% of the potential shorts have been made.
It's a complete scam, it's just a way for his followers to give him money.
But if he still can't sell due to the lockout period, they're not giving to him, and I think he's pissed that other people are making money off of HIS suckers.
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - jonny - 04-06-2024
GGD wrote:
[quote=sekker]
I read that something like 99% of the potential shorts have been made.
It's a complete scam, it's just a way for his followers to give him money.
But if he still can't sell due to the lockout period, they're not giving to him, and I think he's pissed that other people are making money off of HIS suckers.
miley-score010:
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - Mr645 - 04-06-2024
Settling around $40 share, $5.5 bil market cap, 57% owned by Trump.
So Trump made $3.1 billion so far. Looser LOL!!
Trumps hovering around #350 worlds richest person. Passed Mark Cuban
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - sekker - 04-06-2024
Mr645 wrote:
Settling around $40 share, $5.5 bil market cap, 57% owned by Trump.
So Trump made $3.1 billion so far. Looser LOL!!
Trumps hovering around #350 worlds richest person. Passed Mark Cuban
No, you are not counting his obvious net negative wealth which is largely in commercial real estate. That has plummeted since COVID gutted office space needs in cities.
I would guess he's lost 2/3 of his commercial real estate assets since he lost the 2020 election. As those were heavily leveraged, his interest payments are also massively ballooning.
I estimate half of his his paper value of $3B is already leveraged just to keep his current businesses afloat. And now that those have some real value, I assume his creditors are calling in the loans.
If DJT drops to $20/share, he's likely financially bankrupt in terms of his personal assets.
Now his SIL and daughter have billions squirreled away. So will be interesting to see if they have any debt to deal with when His Orangeness' empire eventually falls.
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - Mr645 - 04-06-2024
sekker wrote:
[quote=Mr645]
Settling around $40 share, $5.5 bil market cap, 57% owned by Trump.
So Trump made $3.1 billion so far. Looser LOL!!
Trumps hovering around #350 worlds richest person. Passed Mark Cuban
No, you are not counting his obvious net negative wealth which is largely in commercial real estate. That has plummeted since COVID gutted office space needs in cities.
I would guess he's lost 2/3 of his commercial real estate assets since he lost the 2020 election. As those were heavily leveraged, his interest payments are also massively ballooning.
I estimate half of his his paper value of $3B is already leveraged just to keep his current businesses afloat. And now that those have some real value, I assume his creditors are calling in the loans.
If DJT drops to $20/share, he's likely financially bankrupt in terms of his personal assets.
Now his SIL and daughter have billions squirreled away. So will be interesting to see if they have any debt to deal with when His Orangeness' empire eventually falls.
Yes, Trump gave up a billionaire lifestyle to serve this nation while Biden leveraged his nearly 50 years to grifting off of the backs of taxpayers not his beach house that he paid cash for'
Trump didn't even accept his salary as President.
And just to be clear, you have changed your mind about Trump making tons of money off of the Presidency?
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - sekker - 04-06-2024
Mr645 wrote:
[quote=sekker]
[quote=Mr645]
Settling around $40 share, $5.5 bil market cap, 57% owned by Trump.
So Trump made $3.1 billion so far. Looser LOL!!
Trumps hovering around #350 worlds richest person. Passed Mark Cuban
No, you are not counting his obvious net negative wealth which is largely in commercial real estate. That has plummeted since COVID gutted office space needs in cities.
I would guess he's lost 2/3 of his commercial real estate assets since he lost the 2020 election. As those were heavily leveraged, his interest payments are also massively ballooning.
I estimate half of his his paper value of $3B is already leveraged just to keep his current businesses afloat. And now that those have some real value, I assume his creditors are calling in the loans.
If DJT drops to $20/share, he's likely financially bankrupt in terms of his personal assets.
Now his SIL and daughter have billions squirreled away. So will be interesting to see if they have any debt to deal with when His Orangeness' empire eventually falls.
Yes, Trump gave up a billionaire lifestyle to serve this nation while Biden leveraged his nearly 50 years to grifting off of the backs of taxpayers not his beach house that he paid cash for'
Trump didn't even accept his salary as President.
And just to be clear, you have changed your mind about Trump making tons of money off of the Presidency?
You are always full of nonsense and refuse to address the specific comments.
His Orangeness absolutely TRIED to make money off his time as President. What makes him the worst in history and even worse than Grant is that he did not even pretend to do so under the umbrella of service.
His SIL and daughter ended up making billions off their time in the White House.
Re: Trump seeths as Truth Social’s stock price gets absolutely hammered - samintx - 04-06-2024
That fact just makes me furious…making money and future graph if he wins. Four more years to soak the US Government untouched.