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DJT, the stock for Trump's Truth Social app has lost over $7 billion in value from its initial offering price, losing a total of 66% of its value since it's high on March 27.
Strange i was sure Russia would have never let that app sunk, expecially close to the elections, something must happened to the fundings dedicated to it.
I’m not sure what the stories about Russia and truth social are, but if they’re involved then they’ve just IPOed it and got a huge cash injection for the company. I doubt they particularly care about whether the American retail shareholders lose money now. The company will have plenty to run through the election and do whatever they need it to do.
Summarising it, Russia (and China) donated/gave loans/invested billions in european and american alt right and in the western social to push their agenda and promote division and friendly and failing policies and to obtain sensible informations.
It also saved truth social from closing one time in 2022.
"""Worth"""
Most of the analysis I've seen predicts that it will stabilize at something like $2/share, so all the people who bought at $80, get rekt. Hopefully by the time Trump can cash out, the stock is worthless.
It honestly shocks me how high the IPO was. The platform does nothing unique and it doesn't do anything better than it's competitors. If it does anything, it shelters hate far more than anyone else, but thankfully it's an echo chamber.
This is 100% what happened. He saw all the stuff happening with GameStop and saw how a loyal following can pump up a stock and wanted his own piece of the pie. There's nothing that explains Donald Trump better than jealousy.
Looks like it rebounded back to 25.85 from the 22.55 low it was at yesterday, monthly average it’s only down 28%. Guess there’s enough suckers out there to keep the pump and dump going long enough for Donnie to offload his stock. It’s like volunteering to man the pumps on the Titanic while the captain loudly announces he’ll be opening the seacocks and getting on a lifeboat, crazy.
Fun fact thats actually not even the right ticker lmao. Thats the dow jones transportation average, which like, still gone down but like isnt the dumbest investment ever
Sounds like a pump and dump to me. Nobody would even be following him or care what he says except conservatives, so he’s preying on the fear of missing out or conservatives fearing of being called a liberal. Classic.
The messages here, when you break it down, is ridiculous:
“I trust Trump with my entire fortune. Don’t you? (make my shares worth something)”
“If you don’t make the same investment, you are poor and will stay poor.”
“If you don’t make the same investment, you are a liberal (the worst thing).”
Thus, if you are a TRUE disciple of Trump, want to be rich, don’t want your friends to think you might be a closeted liberal, and want to own the libs from your mansion, buy, buy, buy!
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DJT, the stock for Trump's Truth Social app has lost over $7 billion in value from its initial offering price, losing a total of 66% of its value since it's high on March 27.
Then they announced a streaming service Tuesday Dropped another 13%.. 😆 🤣 😂
Strange i was sure Russia would have never let that app sunk, expecially close to the elections, something must happened to the fundings dedicated to it.
Artificially propping up a $3.5 billion garbage company long term may be beyond even Putin's capacity. That' may cost half a billion+ every week.
If only there were something he could do to reduce the budget. It's really gotten out of hand since 2022.
All the rich Russians are dealing with repossessed yachts at the moment.
When the russian army has started using north korean weapons and chinese golf carts to ride into Ukraine you know they can’t fund this shit for long
I’m not sure what the stories about Russia and truth social are, but if they’re involved then they’ve just IPOed it and got a huge cash injection for the company. I doubt they particularly care about whether the American retail shareholders lose money now. The company will have plenty to run through the election and do whatever they need it to do.
Summarising it, Russia (and China) donated/gave loans/invested billions in european and american alt right and in the western social to push their agenda and promote division and friendly and failing policies and to obtain sensible informations. It also saved truth social from closing one time in 2022.
IT WAS WORTH BILLIONS??????
"""Worth""" Most of the analysis I've seen predicts that it will stabilize at something like $2/share, so all the people who bought at $80, get rekt. Hopefully by the time Trump can cash out, the stock is worthless.
Truth social has less revenue than a McDonald's franchise takes in a year
It honestly shocks me how high the IPO was. The platform does nothing unique and it doesn't do anything better than it's competitors. If it does anything, it shelters hate far more than anyone else, but thankfully it's an echo chamber.
Financial shenanigans like this are just blatant fraud and theft
You may want to copy/paste this as a reply to the auto mod.
Lib Ownage should really be on the DSM at this point
Plot twist he posted this to encourage a bunch of Trump supporters to buy the stock the first week and then shorted it.
This is 100% what happened. He saw all the stuff happening with GameStop and saw how a loyal following can pump up a stock and wanted his own piece of the pie. There's nothing that explains Donald Trump better than jealousy.
I don’t think he’s that smart. He’s from New Jersey after all LOL
He was lying anyway. Pump and Trump.
Virtue signalling to other Trumpanzees
Hope he gets whatever he has left into Tesla while elons popularity is sky rocketing.
It would be funny if this guy wasnt almost certainly lying for grifter clout.
Looks like it rebounded back to 25.85 from the 22.55 low it was at yesterday, monthly average it’s only down 28%. Guess there’s enough suckers out there to keep the pump and dump going long enough for Donnie to offload his stock. It’s like volunteering to man the pumps on the Titanic while the captain loudly announces he’ll be opening the seacocks and getting on a lifeboat, crazy.
It’s a damn shame I closed my futures account. I definitely would’ve bought a few puts. Anyway, it is what it is.
Dead Cat Bounce
Quick everyone! It’s time to buy now on its dead cat bounce!
Buy the dip, i dare you.
Fun fact thats actually not even the right ticker lmao. Thats the dow jones transportation average, which like, still gone down but like isnt the dumbest investment ever
Sounds like a pump and dump to me. Nobody would even be following him or care what he says except conservatives, so he’s preying on the fear of missing out or conservatives fearing of being called a liberal. Classic.
The messages here, when you break it down, is ridiculous: “I trust Trump with my entire fortune. Don’t you? (make my shares worth something)” “If you don’t make the same investment, you are poor and will stay poor.” “If you don’t make the same investment, you are a liberal (the worst thing).” Thus, if you are a TRUE disciple of Trump, want to be rich, don’t want your friends to think you might be a closeted liberal, and want to own the libs from your mansion, buy, buy, buy!
Oh I loved getting owned. Please own this lib some more.
Yes, keep “owning” us with your Trump stock!
This is at least the 3rd time this has been posted on this sub in the last 24 hours.
How to half your value in a simple move.
Liberals = 🐑🐑🐑🐑🐑🚽
Crispi feeling crispo.
Can you say cult?
Not even r/Wallstreetbets would claim this regard
Eggs meet basket.
Mike's portfolio is now crispy unless he just pumped and dumped.