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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 7:46 pm to OzonaOkapi
Posted on 4/16/24 at 7:46 pm to OzonaOkapi
quote:
It has been wild watching the fanboys compare Trump Social to Amazon. "Amazon lost money for years!"
There is something to it. Twitter didn't turn a profit until year 7.
I'm not saying Truth will be like Twitter, but retail can easily control the price of this stock. It's being shorted now, but a certain price will trigger a buying frenzy.
The former stock to DJT was DWAC. It IPO'd at $16/share in Sept '21 and went to $175/share.
I'm not saying DJT will go that high, but retail can definitely control it at least until Trump can dump his shares, if he indeed does that.
Trump should buy CNN and create in Truth what Musk wants for Xwitter. He should give Tucker Carlson $250m to editorialize the news daily and hire Wahlberg and Mel Gibson to start making feature films exclusively for his platform. It could be News/Social Media/Film Company.
This post was edited on 4/16/24 at 7:50 pm
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