Every time I need to laugh, I just come back and look at this stock. How stupid do you have to be, to invest in this shit. This company is not legit, its entire reason for existing , is to put money in trumps pocket.
davidfarber
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I can’t believe how many IDIOTS, think this is gonna fly. Trump only exists, because of idiots, like the ones buying his bullshit. Keep on following this idiot, and you will lose everything.
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Wasn’t this like 80 bucks a week ago?? lol!! Believe in Trump, and this is what you get, FUCKED!!!
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Hahahahahahahahahahaha
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So I’m curious, if you bought in the 70’s, does it hurt. Does it feel like Trump just put his little tiny penis up your ass, and fucked you. Wait, I’m sure you haven’t seen nothing yet.
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If they allow him to sell earlier, the stock with drop immediately, if has has to wait six months, then the stock will drop to zero. Either way, it’s zero this week, or in six months.
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Hemorrhaging users': Trump's Truth Social's longtime 'viability' questioned after merger
Tom Boggioni
Tom Boggioni
Mar 23, 2024 at 8:52 AM EDTThe merger on Friday between Digital World Acquisition Corp. and the Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social, may have resulted in a temporary $3 billion windfall for the former president, but technology experts are more than skeptical that the merged company will survive in the long term.
According to a report from CNN, the social media platform is barely scraping by and is solely dependent on Trump posting on it to have any value as users abandon it in droves.
CNN is reporting, “Outside of his MAGA movement, though, the social media site is struggling to find a wider audience. It is hemorrhaging users, and its traffic has plummeted. There were roughly 860,000 accounts active on the site as of November – a tiny blip compared with more mainstream platforms.”
ALSO READ: A criminologist explains why half of America does not care about Trump’s crimes
The report notes that after three years of existence, Truth Social lacks appeal to new users with the app “not among the 100 most downloaded social media applications in the Apple App store.”
According to tech experts, that should be concerning to investors hoping to make a killing.
With CNN reporting, “Trump Media’s management warned last year that the company was at risk of insolvency without a merger, and most analysts are skeptical of its current valuation above $6 billion,” Jay Ritter, a finance professor at the University of Florida indicated he was less than impressed.
“It’s grossly overvalued. It qualifies as a meme stock for which the price is divorced from fundamental value,” he explained.
As noted, the platform will live or die with Trump’s fortunes and participation.
According to Josephine Lukito of the University of Texas at Austin, “Truth Social’s clout is driven very much if not entirely by Donald Trump’s popularity. Without him, I don’t think there’s a viable path forward for it.”
You can read more here.
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So if Trump becomes president, this flies, then two months later, he sells, and it dumps down to its real value of 50 cents. If he isn’t elected, it just goes bankrupt in November. Don’t see how it ever goes up.
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Even if this ever makes it to bring public. It still loses millions. It is and always will be worthless.
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So this was almost 59 just a week ago. Kinda makes you laugh a little. Do you realize , just how stupid you would have to be, to invest in this losing piece of crap. I mean really, you would have had to be in the lower one percent of your graduating class, if you were even smart enough to graduate.
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Hmm, shocking a piece of shit stock with no earnings, owned by Trump is going down, ho figure!!!
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Just read the article on Raw Story, and run for the hills, this is a scam, and every corporate official here, will end up in jail.
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Not surprised they are being investigated, all thieves started this company. Watch this go to zero, soon, and the entire management team in jail.
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Get rid of Musk, and this turd might rebound.
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Crash and burn Musk, you Antisemite!! Hope this and all your companies are boycotted
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Glad to see Tesla going down. Boycott Musk!!! Hope everything he owns crashes. Terrible person!!
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Boycott Musk, the Antisemite, and all companies he’s associated with
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There should be an immediate boycott of Tesla, until the antisemitic Musk is removed. Supporting Tesla, is supporting Antisemitism. He must go!!!
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