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Posted on 4/16/24 at 4:45 pm to Jack Carter
quote:
The stock is new. Most stocks pump and dump then find proper value as the company develops.
Boy, I sure hope you aren't in capital markets at a bulge bracket.
Jesus Christ.
Posted on 4/16/24 at 4:46 pm to saint tiger225
quote:
This is the part that got me...
quote:
DJT is approaching support after a big sell-off
Big sell off is a bit of an understatement.
Posted on 4/16/24 at 4:46 pm to BuckyCheese
quote:
Want to take a snapshot of this?
Snap shot of what? The chart showing where you were supposed to "bet against" DJT?
Posted on 4/16/24 at 4:48 pm to Jack Carter
quote:
Snap shot of what? The chart showing where you were supposed to "bet against" DJT?
Yes
Posted on 4/16/24 at 4:48 pm to BuckyCheese
It's lost almost 40% in the last week. They tried one more hail Mary today by announcing they'd be bringing live TV streaming to the platform and all it did was fall even further.
Posted on 4/16/24 at 4:48 pm to BuckyCheese
quote:
List them.
you want me to do an LLC search with every Secretary of State in the country? You really don’t know much about business…good lord. 
Posted on 4/16/24 at 4:48 pm to BuckyCheese
quote:
Big sell off is a bit of an understatement.
(-35.81%) past month
Posted on 4/16/24 at 4:49 pm to saint tiger225
quote:
It's lost almost 40% in the last week. They tried one more hail Mary today by announcing they'd be bringing live TV streaming to the platform and all it did was fall even further.
It's up .21% in after hours.
That's POINT 21. After dropping another 14% today.
Posted on 4/16/24 at 4:51 pm to BBONDS25
quote:
you want me to do an LLC search with every Secretary of State in the country? You really don’t know much about business…good lord.
I'm calling you on your claim that he has had hundreds/thousands of profitable businesses.
You made the claim. List them.
Posted on 4/16/24 at 4:51 pm to BBONDS25
Whatever else he may or may not be, Trump is a talented salesman. Always has been. And his most successful endeavors have always involved the sale of his own name.
Does that translate to Trump Social, for anything resembling "long term?" Maybe, but I doubt it. In the past, he has traditionally started with something (usually real estate) already having significant value, and managed to enhance that value by adding the "cachet" of his name ,,. and some cheap and trashy gold plating. With Trump Social, he started with something having zero intrinsic value (almost no assets, and losing money hand over fist), and he is hoping that his name will give it enough value (for long enough) to allow him to cash out at a significant profit to himself ... not from a successful operation, but from a name-created bubble in value.
Yes, the company has some market value now, but so does GameStop. My best guess is that eventually the music will stop, and a lot of people will find themselves with nowhere to sit and owning the portfolio equivalent of a closet full of Beanie Babies.
Does that translate to Trump Social, for anything resembling "long term?" Maybe, but I doubt it. In the past, he has traditionally started with something (usually real estate) already having significant value, and managed to enhance that value by adding the "cachet" of his name ,,. and some cheap and trashy gold plating. With Trump Social, he started with something having zero intrinsic value (almost no assets, and losing money hand over fist), and he is hoping that his name will give it enough value (for long enough) to allow him to cash out at a significant profit to himself ... not from a successful operation, but from a name-created bubble in value.
Yes, the company has some market value now, but so does GameStop. My best guess is that eventually the music will stop, and a lot of people will find themselves with nowhere to sit and owning the portfolio equivalent of a closet full of Beanie Babies.
This post was edited on 4/16/24 at 5:28 pm
Posted on 4/16/24 at 4:52 pm to BBONDS25
quote:I'm not forgetting the money he personally extracted from real estate, no.
You forgetting his real estate empire?
quote:To many people other than himself? No.
You don’t think any of his other hundreds or thousands of ventures brought anything of value?
quote:I never said that. Why are you so emotional on this topic? It's weird.
You think he got all of his money from the three failed ventures mentioned? Good Lord.
Here a few billionaire value-creation examples I can think of where Trump did nothing even vaguely comparable:
Steve Jobs - Apple
Mark Cuban - various tech ventures
Peter Thiel - PayPal and then early investor in other, major ventures that are now public equities with massive market caps, enriching millions of others over the years
Can you point to any entity - public or private - that Trump created with his own wisdom or know-how that has built broadly spread value for thousands/millions of others?
His "creations" have been extractive - AND have started from a very high based (hundreds of millions of inherited dollars at a time when almost all markets were at low points).
I still contend he has radically underperformed given the inputs. He's a Wharton grad. I would submit that the average Wharton grad of the same vintage as him and given the same free money would have done WAY better than he's done.
shite, he claimed in 2016 to be worth $10B. If that were true (which we know it wasn't), he'd be hard pressed to be worth less than $20B now. How did he conceivably manage to lose money in one of the craziest bull markets (not just in stocks, but in real estate also) of all time?
Why is Ken Griffin worth $40 Billion and Trump only whatever he says he is?
Posted on 4/16/24 at 4:53 pm to BuckyCheese
If any of these idiots would actually do some research on it, they'd realize how dumb all their talking points are.
I don't remember the specifics right now, but it only has something like 9 million users and no profits.
I don't remember the specifics right now, but it only has something like 9 million users and no profits.
This post was edited on 4/16/24 at 4:55 pm
Posted on 4/16/24 at 4:57 pm to BuckyCheese
quote:
Big sell off is a bit of an understatement
Did you short it and make bank?
Posted on 4/16/24 at 4:58 pm to saint tiger225
quote:
I don't remember the specifics right now, but it only has something like 9 million users and no profits.
Only a half million or so actual users IIRC.
Almost zero revenue and no growth.
There is no long term business case for a social network that exists solely as a platform for a 77 year old carnival barker.
Posted on 4/16/24 at 5:00 pm to Jack Carter
quote:
Did you short it and make bank?
How you doing with that snapshot?
Posted on 4/16/24 at 5:00 pm to Big Scrub TX
How dare you undervalue the indelible “you’re fired!”
Posted on 4/16/24 at 5:01 pm to BuckyCheese
quote:In the short term, however, he is a very POPULAR carnival barker.
There is no long term business case for a social network that exists solely as a platform for a 77 year old carnival barker.
To make a mint personally, all he need do is continue "barking" for another five months, then liquidate his holdings in the company to the adoring masses. Since he has invested very little in the company himself, it will be almost pure profit, even if the prices remain at their current deflated levels.
This post was edited on 4/16/24 at 5:06 pm
Posted on 4/16/24 at 5:03 pm to BuckyCheese
quote:
Only a half million or so actual users IIRC.
One day Trump is going to write a tell all book about how dumb the people who kept supporting him are. He'll say something along the lines of "it was truly incredible. The dumber the things I said, the more they loved me. And they just kept sending me money no matter what I did and how much I lied to them.". He'll then brag about how much money he made off this stock while BBONDS and SDV are still living in cardboard boxes in some alley because they trusted his plan.
Posted on 4/16/24 at 5:03 pm to boosiebadazz
quote:
How dare you undervalue the indelible “you’re fired!”
Surprised he didn't try to trademark it.
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