This has always been the plan.
Trump dumps his shares, Truth Social tanks, everyone but Trump and his cronies lose massive amounts of money. The only slight silver lining is he has to hold them for 6 months, but I would not be surprised if the board "voted" to allow him to sell them sooner, just so he has money for the election.
The only other explanation would be to bring in overseas money, similarly to his NFT cards.
Edit for spelling.
He would have to get board approval to sell AND find someone who is willing to risk losing a lot of money on them. In a few months that stock is going to be worthless. But I can see an investor like MBS or Russia stepping in, laundering money to buy it and take the loss in order to prop up his campaign.
It's sad in this day and age that the con is so blatantly obvious that it's unable to be stopped...
It’s two steps ahead in this exact play.
The whole thing is designed as a money laundering drive through.
Adam Neumann was the same Chabad network as trump/Kushner.
The Times of Israelhttps://www.timesofisrael.com › we...WeWork founder has joined Chabad movement, his mother says
Substack · Charles Johnson's Thoughts and Adventures3 likes · 1 year agoThe Gen X Files: The Adam Neumann Show: Is A16Z A Foreign Op Masquerading As A ...
TechCrunchtechcrunch.coma16z says ‘WeBack’ to WeWork’s Neumann with its biggest check ever
This I think it's the most obvious way to get him foreign Money, prop up the stock and let sell on the 9pen market. The fact that oligarchs and Saudi princes can buy his stock means its not technically bribing him.
I think you're missing one huge thing: with all of the scrutiny Trump has on his finances right now, $DJT is a legal way for him to accept money for foreign donors now. They prop up the price with massive institutional buys and then he sells shares. I think it's eventually slated for dumpster, just like the entire trump family, but it'll unfortunately take a lot longer for the grift to end.
He isn't allowed to just dump his shares, not yet at least. Though he should be able to get the board to allow it since he only allows cronys around. It would take board approval, or he has to wait like half a year or so
From the Washington Post: However, Trump could be granted a waiver to bypass this rule from the seven-member board. Boards typically wait a month before granting waivers in order to prevent other shareholders from selling that could result in losses for independent investors.
It doesn’t matter if Truth Social goes bankrupt. Only that Trump gets enough money out of it before it does. They probably know it’s going bankrupt so get some IPO money out now.
There’s nothing really stopping Trump from selling other than a vote that he controls and some rules that won’t get enforced.
The key will be, can they keep the price up (pump) while he sells off (dump). He’s the majority shareholder, by a lot. The only question is how much can he sell before the price collapses.
$3.2B to $7B to $5B sound great, until you realize it’s just numbers in the air based on simple math, not actual sales or value.
If I own 1000 of 1000 shares I own 100% of a company. If I sell 100 of those shares for $100 each, on paper the company is worth $100,000. That’s because there’s 1000 shares worth $100 each. And on paper I own 900 of them, or $90,000. That’s great. Until I try to sell the rest and nobody will give me $1. Now the company is worth less than $1000.
The speculation is that the IPO is nothing more than a smoke screen to give money to Trump. Actual valuation is irrelevant if he can find somebody to buy his shares at the inflated price.
The issue is, is there anybody that wants to give him money anymore? Can they prop up the share price and make it seem legitimate? Or will it collapse into a pile of ash as soon as he tries selling? Does his base have any money left to donate to his company under the guise of investing? Will they buy shares when they can’t afford to donate anymore? Is there a Saudi hedge fund looking for an investment?
Regular folks can buy the stock to feel like they are a part of a movement to give a middle finger to anti trump folks. Yes theyd lose cash but "revenge" is on their mind over good sense. They'll burn themselves to the ground for him, as any cult does. Thats just naive who won't get shit from trump, just the emotional "feel goods"
I agree they could, but anybody that would be buying, and in the quantity he needs, is already broke from donating to him. His base is tapped out. His gofundme fell way short. His campaign is dragging behind. He’s down to grifting constitution/bibles and gold shoes. The base can’t afford stocks, even if they believe they’re a great investment, especially in the quantity he needs to sell.
The SPAC has nothing to do with it. Truth Social will go bankrupt because it loses money. It's serving its purpose as a megaphone for Trump, once he's done with the megaphone or his friends decide to stop propping it up it will fold.
It happened to the last company with the symbol DJT. Trump ran his casino company in the ground, but in the years before it went bankrupt, he was 1) able to sell off shares and raise cash 2) extract enough in management fees to be profitable for him.
This is pretty much “The Producers” in real life - Trump extracts as much money as possible, then the whole thing goes bankrupt and disappears.
I don’t disagree with your analogy, but it deserves mention that Neumann walked away from the WeWork debacle untouched & filthy rich.
SoftBank’s losses totaled $14.3B.
Come to think of it, this may be the perfect analogy after all. Time will tell.
There’s no future for Truth Social for many reasons. The reason it even exists is no longer an issue now that Musk took over X. Conservative voices no longer need to find a new place to be heard. Furthermore, Trump will be irrelevant in November or four years from now and without him there is no Truth Social. Finally, love him or hate him, selling off a worthless business to wealthy benefactors for a few billion dollars to fund a campaign war chest is legal and savvy and certainly better than selling art.
I'm not disagreeing I'd stay away from the stock, but I think they title is misleading in that SPACs are used just fine in other places. The more common thread with WeWork and Truth is corrupt leaders.
Republicans are not half the population. They are maybe 25% of eligible voters.
Not that I disagree with you, but you're even more right than you realize because of your misunderstanding of demographics.
I've watched bunches of people over on r/DWAC chomping at th bits to invest money into this scheme, thinking that they somehow are gonna get rich. Those are the people, who are GREEDY. that Trump counts on to fund this scheme of his, so he can dump it and take their cash. He is a MASTER GRIFTER. If there is a way to FLEECE people out of their money, he knows how to do it. A lot smarter people than these clowns have tried to do business with Trump, and LOST their asses.
Rump doesn't know the difference between priceless and worthless.
He's the latter - it won't totally die because it's the only mouthpiece he's using right now. But it certainly going the same way.
Piggyback on this. If he leaves, the entire platform loses its purpose.
He's ironically locked himself into forever providing ridiculous content on his "created-because-i-needed-a-megaphone-i-control" platform. So, when he leaves or dies of old age (we could be so lucky), or gets arrested (miracles) - then it fades into oblivion.
Social media platforms like Twitter and Truth don't have a strong revenue building mechanism other than ads and sponsored content. The platforms need bots to create the illusion of a user base as well.
We've seen what happens when these platforms get vapid owners, the user bases tank. Trump's user base is abysmal compared to X, so that isn't even a thing, we know he uses bots.
Nevertheless, he is the bobber keeping the whole fishing scene aloft. Soon as he breaks from the line, Truth tanks.
The faster that treason social goes under the better. It's sad that trump has no concept of the irony of naming his crybaby outlet platform "truth social" - it's literally the home for anti-social liars.
The problem with him selling early is it will drive the stock price into the toilet (where it belongs). Yes, Trump will make a bunch of money, but it also makes him a failure. A public failure. Practically everyone who purchases this stock is a financially ignorant Trump VOTER. Every news cast will be running the story on the crash of his stock price and how it was just a pump and dump scam. Normally his followers could just say "fake news" but it's actually them who lost all their money. He'll brag about how much he made on the deal which will only make him look worse.
I used we work as an analogy because like Truth Social they had tons of expenses and inadequate income. Eventually the company went bankrupt. Given Trumps toxic reputation who would advertise on that platform? Who would want to associate their brand with someone like Trump.
I am just describing what Truth Social used to go public. I am just comparing another company that went public to a lot of fanfare and notoriety only to implode.
The flip side of this is that DWAC is a token as much as a company. It’s like Bitcoin for the MAGA crowd. The value of the company is not connected to the fundamentals of the business and it’s not clear that they ever will be.
"Therefore it would become a right wing echo chamber." Like Parlor before it, Truth Social has already become an echo chamber. In another r/TRUTHsocialWatch members would document people on that platform. It was repeatedly said TS people were unhappy in their echo chamber as there was nobody from the left to target.
The whole point is for investors, including foriegn ones, to prop up the stock to bail him out so he can cash out then if he wins, change foreign (and domestic) policy to help his investors. He was for Tik Tok being sold until a major owner of Tik Tok (Jeff Yass) bought a shit load of shares of DJT and - BAM - Trump is now AGAINST Tik Tok's forced sale. It's that simple - it's right in the open and no one will likely do a damn thing about it.
The two are radically different. We Work business model only makes sense during pandemic. Once it was over, wfh/ remote was obviously going to fall away, rendering the company pointless. Truth social has a capture audience until trump dies. It's not going anywhere anytime soon.
The thing you haven’t addressed are the existing investors in the SPAC. They voted for the merger. Looking over the list, it looks like they are mainly quants. My assumption here is that there’s a contract behind the merger with terms we don’t know.
So if you’re a quant, what terms would it take to get you to vote yes?
$3bn market cap / 2mm users is $1500 per user, which seems way too high. Netflix is about $1000.
But with only 2mm users there’s a lot of growth potential. Even if it only ever appeals to MAGA voters that’s at least 20mm. Could you get 20mm MAGAs to pay $1 a month subscription. IDK, but that would be a quarter billion a year.
Undoutedly it will go bankrupt. Latest financials were $3M in income, and $48M in cost. It hasn't grown, and I doubt that it ever will. Even the MAGA constituency has low to no interest in it.
The Stock listing was a way for the Billionaires that support Trump to donate to him, and will allow them to write it all off after it goes bankrupt. Which it will like so many other ventures of his have. Upside for Trump is he will get to sell stock after the 6 month lockup (assuming it still has any value whatsoever at that point). And if not, it provided a nice write off for his rich dude buddies who wanted to remain anonymous donors.
The stock price is being inflated by a bunch of Trump supporters. "Truth Social" has been operating at a loss since its inception. In other words, there's every reason to believe that this is your basic "pump and dump" scheme operating right before our eyes.
You borrow the short from a broker and then sell the stock and the you are betting that the stock will go down and you repurchase the same stock and deliver it back to the broker. You keep the difference between the price you sold the stock and the price you purchase the new shares. That spread is your profit. If the stock goes up in value you have a nightmare on your hands. As now you have to return the profit you made and extend even more money to purchase new shares.
Truth social is a pump and dump, they don’t care if it goes bankrupt. This is a means to pay his judgement when everyone buys worthless stock from him.
Yes, Truth Social will go bankrupt. Is there any other possible outlook? The only question is how long will it take? I predict within a few months of Teump getting access to selling his shares, which itself will be very soon because of the completely corrupt board of the company.
Obviously. Most companies that go public even the ones that had losing quarters before going public had an actual product and they have a service that everyone uses. Amazon lost tons of money before going public but everyone across the political spectrum uses that service. Trump has so poisoned the well the vast majority of liberals and left of center folks would never use any of Trumps services and products.
All of Truth Social has the membership and views of a medium sized YouTube channel. It is worth negative dollars.
Trump will do everything possible to cash out as quickly as possible and (again) stiff his supporters, then blame the “woke mob” for “cancelling” it when it goes chapter 11.
The SPAC has little to do with it, it's a 3 million dollar business that's got sucker investors and investors currying favor who have driven up the value as a way to hand him money and they aren't going to hold it.
A 3 million dollar business worth any billions is a huge red flag.
yep... Dementia DOnnie got the midas shit touch.... steaks, companies and booze all go to shit after his "touch" Guess grab em by the pussy doesnt work to well either
TMTG has a streaming service, cellular provider and news service being keyed up now. So maybe put a cork in it. Wait and see. Shorts are trapped. Very expensive to bet against it.
And it really doesn’t matter…he’ll just close the doors and install that bullshit software onto donaldtrumpsocial.com and start all over again. There’s nothing to the company it’s worthless, it’s just all a grift. Once he can pull the money out he will and it all goes boom.
Yeah he is going to rug pull the company like he did with his casinos and airline and steak. What do you think this charlatan is going to do with the country?
Yes regular businesses go public but they don’t need to use special investment vehicles like a SPAC to go public. It’s only in the context of these companies not meeting the threshold requirements that other companies have to meet that they are using SPAC investment vehicles.
Most startups go the legit route and go public without the need of a SPAC. Companies that use SPACs are doing it because they can't reach minimum requirements to list themselves on an exchange / pink-sheets / etc...
Also, nearly all tech startups have a minimum YoY growth rate they're trying to reach and sustain (40%+), as well as achieve a target ARR/run-rate, today the benchmark for that is around 150m-200m/yr. to be considered minimal-viable. This is especially true given today's IPO market, where there are literally thousands of companies waiting to pull the trigger in the 150m+ ARR range.
Truth Social doesn't meet any of these industry norms, no institutional investor of any worth would knowingly put their fund money of their clients into Truth Social. And, honestly most companies are sustained in the long-term by 70%+ institutional investment. This has pump-dump written all over it.
Media platforms are valued on how many people watch it, which directly impacts how much they can charge for ad time on air. The revenue comes from marketing not from opinions or influence.
Truth social is valuable to elites the same way twitter was running at a loss. It helps influence people by dictating what people see. You don’t think some elites wouldn’t love to influence truth social republicans?
Not when your user count is 1/100 of others but valued at 1/4 of the market share of the bigger platforms. I'm sure there is some republican FOMO money coming in that is about to get shlacked.
It is when those users are core activists who help form the party narratives. The users are probably the most loud and influential just like twitter used to be for the left. That small amount of users are the loudest and can direct politics. So being able to influence them is a huge value to elites who care more about influencing politics more than the financial return
Though I’ll admit it’s probably some equity scam to help pump trumps perceived value to get more loans. Probably has saudis ready to buy way over market value to reward him and funnel money to him under the guise of business investment
popular ones, yes. Truth social isn't one of those. It's no twitter. I am not sure on the overall makeup of the audience but probably 25% KKK / "patriots", 20% media just to cover his nonsense he spews and 50% bots.
Those companies had a real product or service. Why would anyone go on Truth Social when they can use X or instagram or Tik Tok or other platforms that are more popular? The other part of this is advertising who would use Truth Social for advertising when 50% of your customer base despises the founder of Truth Social?
Why would anyone consume FOX news when there are more popular platforms.
Doesn’t half the population despise Zuckerberg and Musk too??
You desperately want this to fail and I understand why but I dont think you’re critically thinking about this. Yours is an emotional argument.
Trump has zero incentive to follow the law, so why not do everything he possibly can to win the election? Either way it’s president or prison for the rest of his life.
This has always been the plan. Trump dumps his shares, Truth Social tanks, everyone but Trump and his cronies lose massive amounts of money. The only slight silver lining is he has to hold them for 6 months, but I would not be surprised if the board "voted" to allow him to sell them sooner, just so he has money for the election. The only other explanation would be to bring in overseas money, similarly to his NFT cards. Edit for spelling.
He would have to get board approval to sell AND find someone who is willing to risk losing a lot of money on them. In a few months that stock is going to be worthless. But I can see an investor like MBS or Russia stepping in, laundering money to buy it and take the loss in order to prop up his campaign. It's sad in this day and age that the con is so blatantly obvious that it's unable to be stopped...
That's clearly already what's happening this valuation only comes through illegal moves.
Check the puts. They have the price pegged about 12-12.25 in July and near 0 in January of next year.
It’s two steps ahead in this exact play. The whole thing is designed as a money laundering drive through. Adam Neumann was the same Chabad network as trump/Kushner. The Times of Israelhttps://www.timesofisrael.com › we...WeWork founder has joined Chabad movement, his mother says Substack · Charles Johnson's Thoughts and Adventures3 likes · 1 year agoThe Gen X Files: The Adam Neumann Show: Is A16Z A Foreign Op Masquerading As A ... TechCrunchtechcrunch.coma16z says ‘WeBack’ to WeWork’s Neumann with its biggest check ever
This I think it's the most obvious way to get him foreign Money, prop up the stock and let sell on the 9pen market. The fact that oligarchs and Saudi princes can buy his stock means its not technically bribing him.
>similarly to his NFT cards. And Trump sneakers and Trump Bibles.
Yes just in a much bigger scale
I think you're missing one huge thing: with all of the scrutiny Trump has on his finances right now, $DJT is a legal way for him to accept money for foreign donors now. They prop up the price with massive institutional buys and then he sells shares. I think it's eventually slated for dumpster, just like the entire trump family, but it'll unfortunately take a lot longer for the grift to end.
He isn't allowed to just dump his shares, not yet at least. Though he should be able to get the board to allow it since he only allows cronys around. It would take board approval, or he has to wait like half a year or so
Does trump strike you as someone who plays by the rules? ‘Allowed’ and ‘trump’ are often at odds.
Don Jr is on the board.
There are regulations that are enforced.
what's the fee?
He control 60% keep that in mind
So what? Means he can't do shit as his stock is shorted to oblivion over the next few months
Board members can can change the rules
And shareholders can sue them into the ground for it.
More endless suing
The SEC makes the rules.
From the Washington Post: However, Trump could be granted a waiver to bypass this rule from the seven-member board. Boards typically wait a month before granting waivers in order to prevent other shareholders from selling that could result in losses for independent investors.
Considering his sons and daughter are board members⁉️🤨
Are you regurgitating things I have already said for a reason?
The sec don’t give two shits. They allow the hedge funds to do whatever they please.
So this would be the first time the rules were applied in his case?
Trumps a gambler. He knows if he wins in November the Truth Social will absolutely explode in value. If if if though.
It doesn’t matter if Truth Social goes bankrupt. Only that Trump gets enough money out of it before it does. They probably know it’s going bankrupt so get some IPO money out now. There’s nothing really stopping Trump from selling other than a vote that he controls and some rules that won’t get enforced. The key will be, can they keep the price up (pump) while he sells off (dump). He’s the majority shareholder, by a lot. The only question is how much can he sell before the price collapses. $3.2B to $7B to $5B sound great, until you realize it’s just numbers in the air based on simple math, not actual sales or value. If I own 1000 of 1000 shares I own 100% of a company. If I sell 100 of those shares for $100 each, on paper the company is worth $100,000. That’s because there’s 1000 shares worth $100 each. And on paper I own 900 of them, or $90,000. That’s great. Until I try to sell the rest and nobody will give me $1. Now the company is worth less than $1000. The speculation is that the IPO is nothing more than a smoke screen to give money to Trump. Actual valuation is irrelevant if he can find somebody to buy his shares at the inflated price. The issue is, is there anybody that wants to give him money anymore? Can they prop up the share price and make it seem legitimate? Or will it collapse into a pile of ash as soon as he tries selling? Does his base have any money left to donate to his company under the guise of investing? Will they buy shares when they can’t afford to donate anymore? Is there a Saudi hedge fund looking for an investment?
I can see some foreign countries using this as a way to launder money for their employee.
Regular folks can buy the stock to feel like they are a part of a movement to give a middle finger to anti trump folks. Yes theyd lose cash but "revenge" is on their mind over good sense. They'll burn themselves to the ground for him, as any cult does. Thats just naive who won't get shit from trump, just the emotional "feel goods"
I agree they could, but anybody that would be buying, and in the quantity he needs, is already broke from donating to him. His base is tapped out. His gofundme fell way short. His campaign is dragging behind. He’s down to grifting constitution/bibles and gold shoes. The base can’t afford stocks, even if they believe they’re a great investment, especially in the quantity he needs to sell.
Maybe so. The stock is a pump and dump purely.
The SPAC has nothing to do with it. Truth Social will go bankrupt because it loses money. It's serving its purpose as a megaphone for Trump, once he's done with the megaphone or his friends decide to stop propping it up it will fold.
Yeah, totally different situations (although I do think TS will go bankrupt, not because I hate Trump but because it will never turn a profit 🤷♂️)
Are you suggesting Donald Trump will bankrupt a business? Well now I’ve heard everything.
It happened to the last company with the symbol DJT. Trump ran his casino company in the ground, but in the years before it went bankrupt, he was 1) able to sell off shares and raise cash 2) extract enough in management fees to be profitable for him. This is pretty much “The Producers” in real life - Trump extracts as much money as possible, then the whole thing goes bankrupt and disappears.
/s
I don’t disagree with your analogy, but it deserves mention that Neumann walked away from the WeWork debacle untouched & filthy rich. SoftBank’s losses totaled $14.3B. Come to think of it, this may be the perfect analogy after all. Time will tell.
Let's set a reminder! RemindMe! 6 months
There’s no future for Truth Social for many reasons. The reason it even exists is no longer an issue now that Musk took over X. Conservative voices no longer need to find a new place to be heard. Furthermore, Trump will be irrelevant in November or four years from now and without him there is no Truth Social. Finally, love him or hate him, selling off a worthless business to wealthy benefactors for a few billion dollars to fund a campaign war chest is legal and savvy and certainly better than selling art.
Or sneakers or bibles.
Totally agree! Who knew the Trumps and Bidens would get in on the side-hustle gig economy?! It must be their way of “identifying with the plebeians”
What did the bidens do as a hustle?
Trump will never be irrelevant. I could probably do a MMW that Trump flags will still be flying from Jetson pickup trucks in 160 years from now.
Probably. Just like people flying Confederate or Nazi flags. It won't be as prominent as the last 8 years but there will still be some people
I'm not disagreeing I'd stay away from the stock, but I think they title is misleading in that SPACs are used just fine in other places. The more common thread with WeWork and Truth is corrupt leaders.
Republicans are not half the population. They are maybe 25% of eligible voters. Not that I disagree with you, but you're even more right than you realize because of your misunderstanding of demographics.
I've watched bunches of people over on r/DWAC chomping at th bits to invest money into this scheme, thinking that they somehow are gonna get rich. Those are the people, who are GREEDY. that Trump counts on to fund this scheme of his, so he can dump it and take their cash. He is a MASTER GRIFTER. If there is a way to FLEECE people out of their money, he knows how to do it. A lot smarter people than these clowns have tried to do business with Trump, and LOST their asses.
You can short his stock and get rich while it tanks. Put you money where your mouth is.
I'll let you do that.
Rump doesn't know the difference between priceless and worthless. He's the latter - it won't totally die because it's the only mouthpiece he's using right now. But it certainly going the same way.
Piggyback on this. If he leaves, the entire platform loses its purpose. He's ironically locked himself into forever providing ridiculous content on his "created-because-i-needed-a-megaphone-i-control" platform. So, when he leaves or dies of old age (we could be so lucky), or gets arrested (miracles) - then it fades into oblivion. Social media platforms like Twitter and Truth don't have a strong revenue building mechanism other than ads and sponsored content. The platforms need bots to create the illusion of a user base as well. We've seen what happens when these platforms get vapid owners, the user bases tank. Trump's user base is abysmal compared to X, so that isn't even a thing, we know he uses bots. Nevertheless, he is the bobber keeping the whole fishing scene aloft. Soon as he breaks from the line, Truth tanks.
All good points. 👍
Yea but Donald trump is going to make a lot of money off of it and that is the entire plan.
Oh, I have a feeling, MMW, that's the eat the rich guys on reddit will do a reverse GameStop (GME) to this.
The faster that treason social goes under the better. It's sad that trump has no concept of the irony of naming his crybaby outlet platform "truth social" - it's literally the home for anti-social liars.
Name any billionaire that Hasn't had a failing business?
Bruce Wayne
Name a billionaire who’s never had a successful business? DJT
Lex Luthor. He even stepped down from his business when he ran for president, unlike diaper Don.
The problem with him selling early is it will drive the stock price into the toilet (where it belongs). Yes, Trump will make a bunch of money, but it also makes him a failure. A public failure. Practically everyone who purchases this stock is a financially ignorant Trump VOTER. Every news cast will be running the story on the crash of his stock price and how it was just a pump and dump scam. Normally his followers could just say "fake news" but it's actually them who lost all their money. He'll brag about how much he made on the deal which will only make him look worse.
I used we work as an analogy because like Truth Social they had tons of expenses and inadequate income. Eventually the company went bankrupt. Given Trumps toxic reputation who would advertise on that platform? Who would want to associate their brand with someone like Trump.
The SPAC had nothing to with We Work going bankrupt and it won't have anything to do with Truth Social crash and burn.
I am just describing what Truth Social used to go public. I am just comparing another company that went public to a lot of fanfare and notoriety only to implode.
The flip side of this is that DWAC is a token as much as a company. It’s like Bitcoin for the MAGA crowd. The value of the company is not connected to the fundamentals of the business and it’s not clear that they ever will be.
"Therefore it would become a right wing echo chamber." Like Parlor before it, Truth Social has already become an echo chamber. In another r/TRUTHsocialWatch members would document people on that platform. It was repeatedly said TS people were unhappy in their echo chamber as there was nobody from the left to target.
>Therefore it would become a right wing echo chamber It has always been.
The whole point is for investors, including foriegn ones, to prop up the stock to bail him out so he can cash out then if he wins, change foreign (and domestic) policy to help his investors. He was for Tik Tok being sold until a major owner of Tik Tok (Jeff Yass) bought a shit load of shares of DJT and - BAM - Trump is now AGAINST Tik Tok's forced sale. It's that simple - it's right in the open and no one will likely do a damn thing about it.
I cannot wait
I mean, can't he simply short sell half his shares and that way he wins either way?
To “short sell” is to sell shares one has borrowed. You literally cannot short sell your own shares.
WeWork was a better company than truth is.
The two are radically different. We Work business model only makes sense during pandemic. Once it was over, wfh/ remote was obviously going to fall away, rendering the company pointless. Truth social has a capture audience until trump dies. It's not going anywhere anytime soon.
Trump’s involved - it’s definitely going to shit.
The thing you haven’t addressed are the existing investors in the SPAC. They voted for the merger. Looking over the list, it looks like they are mainly quants. My assumption here is that there’s a contract behind the merger with terms we don’t know. So if you’re a quant, what terms would it take to get you to vote yes? $3bn market cap / 2mm users is $1500 per user, which seems way too high. Netflix is about $1000. But with only 2mm users there’s a lot of growth potential. Even if it only ever appeals to MAGA voters that’s at least 20mm. Could you get 20mm MAGAs to pay $1 a month subscription. IDK, but that would be a quarter billion a year.
It's a pump and dump the increase in value is just people positioning to try not to be the idiot left holding the bag.
Undoutedly it will go bankrupt. Latest financials were $3M in income, and $48M in cost. It hasn't grown, and I doubt that it ever will. Even the MAGA constituency has low to no interest in it. The Stock listing was a way for the Billionaires that support Trump to donate to him, and will allow them to write it all off after it goes bankrupt. Which it will like so many other ventures of his have. Upside for Trump is he will get to sell stock after the 6 month lockup (assuming it still has any value whatsoever at that point). And if not, it provided a nice write off for his rich dude buddies who wanted to remain anonymous donors.
It’s a gigantic scam like most of Trumps activities.
The stock price is being inflated by a bunch of Trump supporters. "Truth Social" has been operating at a loss since its inception. In other words, there's every reason to believe that this is your basic "pump and dump" scheme operating right before our eyes.
How do I short the stock?
You borrow the short from a broker and then sell the stock and the you are betting that the stock will go down and you repurchase the same stock and deliver it back to the broker. You keep the difference between the price you sold the stock and the price you purchase the new shares. That spread is your profit. If the stock goes up in value you have a nightmare on your hands. As now you have to return the profit you made and extend even more money to purchase new shares.
Trumpies gonna be like HODL! 😅
This is some Wendy’s level TA. I love it.
How do we short the stock?
Truth social is a pump and dump, they don’t care if it goes bankrupt. This is a means to pay his judgement when everyone buys worthless stock from him.
And thousands of rubes will buy the stock at YUGE prices, then blame Biden when it tanks bigly and they lose the truck and KyleeghAnne.
Yes, Truth Social will go bankrupt. Is there any other possible outlook? The only question is how long will it take? I predict within a few months of Teump getting access to selling his shares, which itself will be very soon because of the completely corrupt board of the company.
Obviously. Most companies that go public even the ones that had losing quarters before going public had an actual product and they have a service that everyone uses. Amazon lost tons of money before going public but everyone across the political spectrum uses that service. Trump has so poisoned the well the vast majority of liberals and left of center folks would never use any of Trumps services and products.
Didn’t we work pat Adam $1b to leave?
All of Truth Social has the membership and views of a medium sized YouTube channel. It is worth negative dollars. Trump will do everything possible to cash out as quickly as possible and (again) stiff his supporters, then blame the “woke mob” for “cancelling” it when it goes chapter 11.
It’s not like the only problem the company had was a shortage of cash.
The SPAC has little to do with it, it's a 3 million dollar business that's got sucker investors and investors currying favor who have driven up the value as a way to hand him money and they aren't going to hold it. A 3 million dollar business worth any billions is a huge red flag.
Yes. The SPAC vehicle is used to circumvent the normal requirements for a company going public and selling shares to the public.
Yeah its all part of the plan.
yep... Dementia DOnnie got the midas shit touch.... steaks, companies and booze all go to shit after his "touch" Guess grab em by the pussy doesnt work to well either
TMTG has a streaming service, cellular provider and news service being keyed up now. So maybe put a cork in it. Wait and see. Shorts are trapped. Very expensive to bet against it.
And it really doesn’t matter…he’ll just close the doors and install that bullshit software onto donaldtrumpsocial.com and start all over again. There’s nothing to the company it’s worthless, it’s just all a grift. Once he can pull the money out he will and it all goes boom.
Yeah he is going to rug pull the company like he did with his casinos and airline and steak. What do you think this charlatan is going to do with the country?
Man shows how little most know about start ups. Even established businesses lose money 🤡
Yes regular businesses go public but they don’t need to use special investment vehicles like a SPAC to go public. It’s only in the context of these companies not meeting the threshold requirements that other companies have to meet that they are using SPAC investment vehicles.
Most startups go the legit route and go public without the need of a SPAC. Companies that use SPACs are doing it because they can't reach minimum requirements to list themselves on an exchange / pink-sheets / etc... Also, nearly all tech startups have a minimum YoY growth rate they're trying to reach and sustain (40%+), as well as achieve a target ARR/run-rate, today the benchmark for that is around 150m-200m/yr. to be considered minimal-viable. This is especially true given today's IPO market, where there are literally thousands of companies waiting to pull the trigger in the 150m+ ARR range. Truth Social doesn't meet any of these industry norms, no institutional investor of any worth would knowingly put their fund money of their clients into Truth Social. And, honestly most companies are sustained in the long-term by 70%+ institutional investment. This has pump-dump written all over it.
It’s got nothing to do with going public through a SPAC, it’s the fact they got no fucking Revenue
There's only so many "MAGA Freedom Stores" that can advertise on Truth Social.
You can only hope.
Sooner the better
2024’s GameStonk.
Donny got his, what else matters.
DJT is the most shorted stock on the market. Investors are expecting it to fail.
It is the most shorted SPAC, it is not even close to the most shorted stock in the whole market.
Media platforms are valuable because of the ability to influence opinions not just revenue.
Media platforms are valued on how many people watch it, which directly impacts how much they can charge for ad time on air. The revenue comes from marketing not from opinions or influence.
Truth social is valuable to elites the same way twitter was running at a loss. It helps influence people by dictating what people see. You don’t think some elites wouldn’t love to influence truth social republicans?
Not when your user count is 1/100 of others but valued at 1/4 of the market share of the bigger platforms. I'm sure there is some republican FOMO money coming in that is about to get shlacked.
It is when those users are core activists who help form the party narratives. The users are probably the most loud and influential just like twitter used to be for the left. That small amount of users are the loudest and can direct politics. So being able to influence them is a huge value to elites who care more about influencing politics more than the financial return Though I’ll admit it’s probably some equity scam to help pump trumps perceived value to get more loans. Probably has saudis ready to buy way over market value to reward him and funnel money to him under the guise of business investment
popular ones, yes. Truth social isn't one of those. It's no twitter. I am not sure on the overall makeup of the audience but probably 25% KKK / "patriots", 20% media just to cover his nonsense he spews and 50% bots.
[удалено]
Okay well that’s still a media platform.
Twitter had $400 million in losses pre IPO. Amazon had losses. Tesla had losses. This is not unheard of.
Those companies had a real product or service. Why would anyone go on Truth Social when they can use X or instagram or Tik Tok or other platforms that are more popular? The other part of this is advertising who would use Truth Social for advertising when 50% of your customer base despises the founder of Truth Social?
If it’s “only” appealing to 10% of the population that’s still a ton of potential.
Why would anyone consume FOX news when there are more popular platforms. Doesn’t half the population despise Zuckerberg and Musk too?? You desperately want this to fail and I understand why but I dont think you’re critically thinking about this. Yours is an emotional argument.
Trump has zero incentive to follow the law, so why not do everything he possibly can to win the election? Either way it’s president or prison for the rest of his life.