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re: Let's be real...the DJT stock is a meme stock and will come back to reality soon
Posted on 4/16/24 at 5:31 pm to AbuTheMonkey
Posted on 4/16/24 at 5:31 pm to AbuTheMonkey
Nice post with actual info. 
I'd probably disagree slightly with your take on Twitter hurting Truth. I don't think Truth was ever going to see a migration of users from twitter, or any other platform. But your point is well taken. Would have been interesting to see what would have happened if Musk didn't buy Twitter, although people on the right were still using Twitter before he did.
Regardless, Truth was way too late to the party and never had a serious business plan. It was always just a way for Trump to talk shite once he got booted from Twitter.
I'd probably disagree slightly with your take on Twitter hurting Truth. I don't think Truth was ever going to see a migration of users from twitter, or any other platform. But your point is well taken. Would have been interesting to see what would have happened if Musk didn't buy Twitter, although people on the right were still using Twitter before he did.
Regardless, Truth was way too late to the party and never had a serious business plan. It was always just a way for Trump to talk shite once he got booted from Twitter.
0
Posted on 4/16/24 at 5:34 pm to BuckyCheese
quote:I admit to being a bit confused by the price movement of this stock.quote:Big sell off is a bit of an understatement.
DJT is approaching support after a big sell-off
Did Trump supporters think that they were giving money to Trump, when they were paying $80/share for this penny stock? Did they not understand that he can only make the big bucks by selling his shares or that he cannot do that for another 5+ months? Did they immediately realize their error in paying $80 for this crap and already sell to cut their losses, causing the precipitous price drop?
If his supporters just wanted to funnel money to him, shouldn't they have waited and bought HIS shares, when they go on the market in five months? Or are most of them just too clueless to understand what they were doing, other than "helping Trump?"
This post was edited on 4/16/24 at 5:42 pm
Posted on 4/16/24 at 5:37 pm to cwill
quote:
Did you really think a septuagenarian along with two reality show contestants was ever going to be able to start a social media platform? It was always going to go this way, everything about it is scammy. From the people running it, to going public via SPAC to all the crazy lawsuits being filed between the insiders and two clowns going to jail for insider trading it.
The only people that thought this had actual value are the maga weirdos that have the real TDS.
Probably not, but in a theoretical world where Musk never acquired Twitter, there probably was a management team or co-investors out there that potentially could have made it work to some degree. There were a hell of a lot of people out there (not just Trump supporters) who thought that mainstream social media was pretty limited in the way they policed viewpoints and a lot of frustration with Twitter, Meta, etc. In that scenario, Trump gets sidelined in any actual operating or decision-making structure of the company.
Trump starts Truth Social and then, bam, two months later Musk announces the Twitter acquisition, and that probably snuffed out any limited chance it had to work.
As an aside, I have always found it funny that Trump fanatics bought shares they want to support the guy. They weren't making him rich; they were making the short-sellers rich.
This post was edited on 4/16/24 at 5:40 pm
Posted on 4/16/24 at 5:38 pm to stout
I enjoy the irony of Biden voters.
Posted on 4/16/24 at 5:40 pm to AbuTheMonkey
quote:Exactly the point I raised in the immediately-preceding post.
I have always found it funny that Trump fanatics bought shares they want to support the guy. They weren't making him rich; they were making the short-sellers rich.
Are Trump supporters so utterly-clueless that they did not actually have any understanding of what they were doing?
Posted on 4/16/24 at 5:56 pm to AbuTheMonkey
quote:
they were making the short-sellers rich.
The short sellers will be driving the price back up, as soon as they exit their short positions and start buying again.
Once it goes down to $15-16 or so. It's so volatile and easily manipulated by retail at the moment.
It will rally, then it will get shorted again. Rinse & Repeat.
This post was edited on 4/16/24 at 5:57 pm
Posted on 4/16/24 at 6:01 pm to BuckyCheese
quote:I assume you are being sarcastic here? Because he DID attempt to trademark the phrase. His application was denied by the Trademark Office.quote:Surprised he didn't try to trademark it.
How dare you undervalue the indelible “you’re fired!”
As I recall, he even sent a Cease & Desist letter to the owner of a pre-existing pottery shop bearing that name, demanding that she change the name of her business.
====================
quote:EDIT: Again with the downvotes of objectively-verifiable fact? Just weird.
Trump's signature 'You're fired!' phrase has gained widespread fame among TV fans and beyond. A little known fact about the catchphrase is that Trump tried to trademark it back in 2004, but his move was turned down by the attorneys for the U.S. Patent and Trademark Office. The famous 'You're Fired!' phrase was not copyrightable because U.S. copyright law explicitly prohibits copyright protections for short phrases or sayings. LINK
This post was edited on 4/16/24 at 6:11 pm
Posted on 4/16/24 at 6:05 pm to saint tiger225
quote:
One day Trump is going to write a tell all book about how dumb the people who kept supporting him are.
The Art of the Grift. (Forward by Charles Ponzi)
Posted on 4/16/24 at 6:07 pm to OzonaOkapi
quote:
I assume you are being sarcastic here? Because he DID attempt to trademark the phrase. His application was denied by the Trademark Office, because they do not trademark "short phrases."
BBONDS has this up there with the creation of penicillin and the printing press.
Posted on 4/16/24 at 6:07 pm to OzonaOkapi
quote:
Again with the downvotes of objectively-verifiable fact? Just weird
BBONDS has this as TDS
Posted on 4/16/24 at 6:17 pm to boosiebadazz
quote:
BBONDS has this as TDS
rent free. Just like Trump. Posted on 4/16/24 at 6:19 pm to Gideon Swashbuckler
quote:
quote:they were making the short-sellers rich. The short sellers will be driving the price back up, as soon as they exit their short positions and start buying again. Once it goes down to $15-16 or so. It's so volatile and easily manipulated by retail at the moment. It will rally, then it will get shorted again. Rinse & Repeat
Maybe a little bit, but unless the underlying fundamentals change significantly and quickly, it will just keep going down. It doesn’t have the revenue, users, or growth curve to justify anything else.
Posted on 4/16/24 at 6:46 pm to AbuTheMonkey
quote:
Maybe a little bit, but unless the underlying fundamentals change significantly and quickly, it will just keep going down. It doesn’t have the revenue, users, or growth curve to justify anything else.
It’s going down. There’s nothing to be added. The company is a literal clown show.
Barring some crazy meme stock bullshite.
This post was edited on 4/16/24 at 6:48 pm
Posted on 4/16/24 at 6:49 pm to boosiebadazz
quote:
BBONDS has this up there with the creation of penicillin and the printing press.
Posted on 4/16/24 at 6:50 pm to stout
Of course. It has no earnings and it’s balance sheet looks is a train wreck.
Posted on 4/16/24 at 6:51 pm to AbuTheMonkey
quote:It has been wild watching the fanboys compare Trump Social to Amazon. "Amazon lost money for years!"quote:Maybe a little bit, but unless the underlying fundamentals change significantly and quickly, it will just keep going down. It doesn’t have the revenue, users, or growth curve to justify anything else.
quote:they were making the short-sellers rich. The short sellers will be driving the price back up, as soon as they exit their short positions and start buying again. Once it goes down to $15-16 or so. It's so volatile and easily manipulated by retail at the moment. It will rally, then it will get shorted again. Rinse & Repeat
Yes, it did. And during that time it was building a huge physical plant, developing innovative technology, and establishing a humongous customer base. Bezos PLANNED to lose money for a decade. Trump Social is doing none of that.
This post was edited on 4/16/24 at 6:53 pm
Posted on 4/16/24 at 6:51 pm to Gideon Swashbuckler
quote:
The short sellers will be driving the price back up, as soon as they exit their short positions and start buying again. Once it goes down to $15-16 or so. It's so volatile and easily manipulated by retail at the moment. It will rally, then it will get shorted again. Rinse & Repeat.
It’s a meme stock…you understand what that is now?
Posted on 4/16/24 at 6:53 pm to cwill
I’m sure he has access to Wikipedia too.
Posted on 4/16/24 at 6:54 pm to Hayekian serf
quote:
Of course. It has no earnings and it’s balance sheet looks is a train wreck.
$4mm rev against $60mm spend…trading around 800x rev…I guess these facts are TDS?
This post was edited on 4/16/24 at 6:54 pm
Posted on 4/16/24 at 6:55 pm to BBONDS25
quote:
I’m sure he has access to Wikipedia too.
He’s probably not a lawyer.
Hey does everyone know bonds is a lawyer?
This post was edited on 4/16/24 at 6:56 pm
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