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re: I thought Truth Social was going to fail?

Posted on 3/25/24 at 8:13 am to
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 3/25/24 at 8:13 am to
quote:

So was Twitter when it was bought by Elon.


Had several hundred million users, they just couldn’t figure out how to monetize. Musk hasn’t either.

quote:

It didn’t stop all of you from screaming at the sky when it was sold.


Why would anyone be upset that musk overpaid for Twitter? I thought it was funny when everyone thought musk was going to get out of the deal and expose bot fraud, blah, blah blah…he was forced to close and nothing happened.
Posted by CleverUserName
Member since Oct 2016
12659 posts
Posted on 3/25/24 at 8:37 am to
quote:

Had several hundred million users, they just couldn’t figure out how to monetize. Musk hasn’t either.


So basically:

Jack Dorsey: Had several hundred million users. Lost money. Shame… just couldn’t figure out how to monetize. Tough business model.

Trump: OMB!!! OMB!!! OMB!!


quote:

Why would anyone be upset that musk overpaid for Twitter?



what? Leftists howled for MONTHS decrying it as a “threat to democracy”.

Threat to democracy!!

Democrats troubled. “Threats to democratic system!”

Professor says “threat to democracy!”

Dangerous to democracy!!

Threat to democracy!!!

Investigate Musk!! National Security at stake!!

Threat to democracy!!!

Threatens our democracy!!

Biden says, “Threat to Democracy!!”

Risks to our democracy!!! Threatens public health!! Safety!! And our democracy!!!


Hazard to Democracy!!!

Catastrophe for democratic government!!!

Real threat to Democracy!!!

Human rights violations!!!

Threat to democracies!!!!

Free speech and democracy in danger!!

Fundamentally intolerable!!! Danger to political stability!!

Danger to democracy!!!

Threat to democracy!!!

Geopolitical Catastrophe!!!

Elizabeth Warren say “him danger to democracy!!”
This post was edited on 3/25/24 at 8:46 am
Posted by Wildcat1996
Lexington, KY
Member since Jul 2020
6016 posts
Posted on 3/25/24 at 8:38 am to
That was funny both ways. Leftists were crying about Elon taking their precious, sacred platform while celebrating (on that very platform) that he was stupid to overpay for their precious, sacred platform.

Imagine acting like you "won" something by claiming someone else paid too much for something you love and cherish.

Posted by Midget Death Squad
Meme Magic
Member since Oct 2008
24640 posts
Posted on 3/25/24 at 8:50 am to
quote:

He lost his last election



and the Saints lost to the Rams
Posted by roadGator
Member since Feb 2009
140619 posts
Posted on 3/25/24 at 8:52 am to
What did you post that you feel needs a rational response.
Posted by Bjorn Cyborg
Member since Sep 2016
26849 posts
Posted on 3/25/24 at 8:59 am to
quote:

Having Trump steaks on Trump airlines tonight on my way to Trumps casino after classes at Trump University.

Gonna be lit.


I'm certainly no Trump apologist and I believe that Truth Social will ultimately fail. However, many (or most) of the businesses that bear the Trump name were licensing deals. He wasn't running those businesses. Even many of the Trump Towers and hotels around the world are not owned by him (at least not fully).
This post was edited on 3/25/24 at 9:24 am
Posted by CleverUserName
Member since Oct 2016
12659 posts
Posted on 3/25/24 at 9:05 am to
quote:

What did you post that you feel needs a rational response.


Another reply fail. Look. Just download your programming today and come back and see if you have anything later.

Give Joy and Whoopi a chance to command you what and how to think.

Then try again.

Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 3/25/24 at 9:06 am to
Not sure people on this thread completely understand what exactly took place. A SPAC that trades under the symbol $DWAC is taking Truth Social public and the expected value of the shares should net Trump a certain amount of dollars. He can’t sell until after the legally prescribed holding period.
$DWAC was trading at $50 in January before dropping to $38 recently. $DWAC will be changing its symbol to $DJT soon.
Has anyone here bought any $DWAC? Why not if it’s a guaranteed winner? My guess is it hits $10 before it hits $100. As a publicly traded company it has to give audited quarterly reports. We’ll see what sort of revenue Truth Social really generates. My guess is the NFT trading cards will be worth more than shares of DJT down the road.
MAGA people could buy and hold the shares which could make shorting the stock a dangerous move, but you don’t really meet any MAGA folks who have financial investments.
Posted by roadGator
Member since Feb 2009
140619 posts
Posted on 3/25/24 at 9:07 am to
There was no post to me by you that needed any rational response.


You continue to make silly projections. But that is the MAGA way.
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 3/25/24 at 9:09 am to
Any word on the bond deadline situation?
Posted by CleverUserName
Member since Oct 2016
12659 posts
Posted on 3/25/24 at 9:14 am to
quote:

You continue to make silly projections.


From the “danger to democracy!!!”, “you are killing people if you don’t take an unproven vaccine!!”, “a cloth mask stops Covid!!” Trump is literally Hitler!!”, “you are killing trans people!!”, “men can get pregnant!!”, “there are infinite genders!!”, “pre teens can make life altering surgical decisions”, “climate emergency!!!!!”, “we will starve without illegal immigration!!”, “white rage!!!”, “January 6th was worse than 9/11”.. folks.


Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 3/25/24 at 9:26 am to
quote:

mad Trump social worth billions. Mad Elon stopped the Twitter agitprop. Mad he aint a billionaire like them


Worth billions or going to make billions on a pump and dump? Anyone know people buying shares of $DWAC? It’s selling at quite the discount now that the deal has been announced. It could conceivably be worth nothing by the time Trump has the opportunity to sell his shares. Or it could be worth triple of what it is valued at now.
If you believe in the man and you believe in the product now is your chance to buy in.
Posted by roadGator
Member since Feb 2009
140619 posts
Posted on 3/25/24 at 9:28 am to
Wait. Are you that confused? Or are you projecting those things on me in typical MAGA fashion.

Which is it?

Don’t forget some ad Homs next time. Makes a MAGA post more complete.
Posted by Tenn grad LSU fan
Wouldn't you like to know spazz
Member since Apr 2023
557 posts
Posted on 3/25/24 at 9:28 am to
You are just to swampy
Posted by roadGator
Member since Feb 2009
140619 posts
Posted on 3/25/24 at 9:34 am to
I haven’t heard anything. The deadline is coming soon though.

No one is going to provide a bond on his behalf though.

He will have to put up some of the $500M he said he had last week or roll the dice and just not pay it.

I think he just won’t pay it.
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26238 posts
Posted on 3/25/24 at 9:43 am to
quote:

Trump just increased his net worth by $3.5 billion

So he has sufficient funds to satisfy Leticia James's demands. His properties may not be seized, after all
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 3/25/24 at 9:43 am to
quote:

So basically:

Jack Dorsey: Had several hundred million users. Lost money. Shame… just couldn’t figure out how to monetize. Tough business model.

Trump: OMB!!! OMB!!! OMB!!


This has nothing to do with Trump individually. It's just that a social media website that has amassed 5MM users over three years has an absurd valuation, that is being driven by retail maga weirdos' infatuation with Trump individually. Unlike Twitter it has almost no user base and very much like Twitter it is hemorrhaging money. When the maga weirdos get tired of hodl the value will plummet. My analysis of DWACs value is not political, your defense, however, is almost purely driven by your love of DJT.

quote:

what? Leftists howled for MONTHS decrying it as a “threat to democracy”.


I'm sure there were leftists who were upset and continue to be upset. But, I - me, I was happy to be proven correct that Musk signed a no-exit deal and wasn't going to get out of it.
This post was edited on 3/25/24 at 9:51 am
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 3/25/24 at 10:26 am to
quote:

How much DWAC do you own?


$DWAC up $4.50 (11.8%) today when I last looked. I would think some savvy investors could’ve made some quick bucks this morning in the options market. It does feel like a pump and dump though. I’ve never trusted those SPACS.
Posted by roadGator
Member since Feb 2009
140619 posts
Posted on 3/25/24 at 10:51 am to
You idiot.

He can't access those shares right away.
Posted by Bass Tiger
Member since Oct 2014
46183 posts
Posted on 3/25/24 at 10:55 am to
[quote]MAGA people could buy and hold the shares which could make shorting the stock a dangerous move, but you don’t really meet any MAGA folks who have financial investments.[/quote]

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