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Post by ferris1248 on Jun 20, 2024 14:17:06 GMT -5
No
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Post by cadman on Jun 20, 2024 16:19:22 GMT -5
Down over 35% in the last week.
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Post by dragonbait on Jun 21, 2024 14:25:39 GMT -5
C'mon guys Truth Social isn't a complete failure, it got devin nunes out of Congress.
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Post by osprey11 on Jun 21, 2024 15:26:27 GMT -5
Should of bought puts
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Post by tampaspicer on Jun 21, 2024 15:42:57 GMT -5
If you would have bought 1000 shares around 10/11 this morning you would have made almost $3000 today.
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Post by dragonbait on Jun 21, 2024 16:45:05 GMT -5
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Post by ferris1248 on Aug 15, 2024 9:33:00 GMT -5
"Donald Trump spent Monday providing free publicity for the main competitor of his publicly traded social media company, and you’ll never guess what happened next." "Trump stopped posting on Twitter when the company’s old management banned him following Jan. 6. Elon Musk has urged Trump to come back, but the former president has stayed away, only dropping by to post his mug shot and a fundraising link in August 2023." "After Trump’s Twitter ban, he started Truth Social and housed it under Trump Media & Technology (stock ticker: DJT). The stock lost 5 percent of its value on Monday and was in a continued slide on Tuesday morning. Apparently it is not good for confidence in a business when the majority owner of that business spends his time propping up a direct competitor that provided the entire basis for the owner’s copycat business." "Ostensibly, the existence of Truth Social has been the only reason Trump has not tweeted over the past few years. However, his campaign is going poorly enough that Trump has abandoned that strategy and decided to compromise his own shareholders. " "Trump Media is not an actual business with a real path to making money. It is instead a place for the former president to post freely before a friendly audience while converting the enthusiasm of some of his biggest fans into enterprise value for himself." "Trump Media is somehow a nearly $5 billion company. Its main business is cash incineration, with a light side-dish of advertising. The company is also getting into streaming, that famous moneymaking business where even well-established media brands with broad popular appeal who aren’t associated with the most polarizing figure in the modern history of the country have never failed to establish a foothold." "Rather, Trump Media is a $5 billion company because some of Trump’s fans think it is cool to own a company that trades as $DJT and supports Trump. It’s the most meme-stocky stock on the market, a company with a way worse business story to tell than GameStop or AMC." "Trump returning to X blows up that idea. The longer he sticks around there, the more untenable it is for his otherwise junk company—one in which his own stake is still worth well over $2 billion—to retain any value at all. It is staggering to imagine that anyone who has a large, non-short-selling stake in Trump Media would ever have any desire to hurt Donald Trump, but maybe an enterprising class-action attorney would like to take a shot. " "Nowhere in the company’s “risk factors” filed with the Securities and Exchange Commission does Trump Media mention the company’s majority owner going out of his way to make a different social media site the most important place in conservative media. Yet that’s what Trump did when he agreed to a live chat with Musk on X, rather than Truth Social." www.yahoo.com/news/finance/news/donald-trump-looks-ready-absolutely-161104581.html
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