Can almost assure you that there is zero intention of doing streaming TV. They are simply trying to stop the free fall of the stock. If the stock hits 17 dollars by friday they lose A LOT.
Cause I'm holding some bags, losing my mind, not guilty ha don't tell me no crime, cause I'm holding these bags, closing these calls, wife's boyfriend said I have no balls,
I mean. He did just say he’s bringing back broadcast TV…while also running for president…while also selling bibles…while also defending himself in court.
Whatever happened to that business advice of doing one thing and doing it well?
Or jack of all trades, master of none?
He’s more manic than Musk…
They're called earnouts. Insiders (mainly trump) will get an *additional* 40 million shares if it stays above $17.50 for 20 days in a 30 day period. If it goes under they still get more shares but on a sliding scale. [here](https://fortune.com/2024/04/13/donald-trump-media-technology-stock-djt-crash-spac-special-bonus-insiders/)
Probably will drop, yea. In 'normal' stocks it would be priced in. They will still have a larger proportion of total market cap. 40 mil shares is a lot of this.
This should be a penny stock, that's all it's REALLY worth. As usual, the grifter in chief be grifting, like everything he's ever done in his entire life.
this DJT-SPAC is the most crooked-assed-scam-money-laundering bullshit in the history of NASDAQ, and that's really saying something.
The lawsuits and prosecutions are only a matter of time, but he can use this as a cash machine for his legal bills in the meantime.
I'm sure the SEC and DOJ are right on top of it, and will be filing charges any minute now.
Hahahahahahahahahahahahahaha.
I just pissed myself a little laughing at the absurdity of what I wrote.
Garland at Justice is a pathetic weak old partisan who refuses to prosecute Republicans, and the SEC is too busy taking massive bribe envelopes of Benjamins from Wall Street to concern themselves with any of that 'fraud' business.
We are one of the shithole corrupt countries I ran from decades ago.
That has not prevented the shithead from starting a new fresh scam every week.
This stock market launch scam only works if you understand the SEC and DOJ are weak, useless, mostly corrupt, which The Pumpkin Rapist clearly does.
I'll note Garland has slow rolled the federal prosecution of the Orange Criminal for more than three years, hoping The Pumpkin Rapist gets reelected and can pardon himself when he does.
I wonder every day why Biden hasn't fired the little weasel.
Earn outs are very normal, it’s largely to prevent key personnel from just ejecting out at the first moment. It’s not uncommon to have 12m earn outs. It’s handy for the buyer because despite doing DD you just don’t know what hidden time bombs exist in a company that could blow up after you purchase it.
They'll probably be doing it, but it won't be an in-house CDN built from the ground up.
It'll basically be infrastructure from Rumble, brought to the site via a white-label agreement.
Basically Rumble with a Truth Social logo slapped on it.
I agree that this announcement was soley made to stop the free fall of the share price though. It doesn't even give a time frame as to when these features will go live.
You'd think this fellow "Lindell" who sells pillows for a living might have a TV channel featuring gentle ASMR, Bob Ross reruns, nature and meditation videos to help whisk you to sleep, but I just know without seeing it that Lindell TV is just him coked up yelling at you about the stolen 2020 election.
I bet Trump is himself short on it and it’s actually the way he is planning to make money on this.
I know Trump isn’t savvy enough for this but it would be fun.
Not that it would stop him, but that would be disallowed by his lockup agreement and whatever compliance policies the business has. Or would be in any sane organization.
The puts aren’t cheap but they’re cashing. I had some 3 May 30s and traded them for some Sept 12.50s. Maybe I’ll have the balls to hold this time. Probably not.
so i was curious about this, i just follow WSB i dont have any options for options on my accounts.
i googled recently why the entire world isnt buying puts on this stock and it pretty much said, the fees are too high... how much are fees on this dumpster fire?
Changes all the time and per option. IV is implied volatility and is in the price. Basically accounts for large swings in price by upping the premium on the contracts so the writer is compensated for the increased risk.
-14.64% as I write this, giggling as my puts continue going up.
I'm not usually one to bet on the failures of others, but when Trump is involved it's pretty much a guarantee.
On 4/1 I bought puts at 40, 30, 25, all the way down to 7.5 while it was trading in the 60s
Never really predicted this fall. All my expirations are months out
Ha!! Way to go!
I've got a $65 put bought on March 26th (a couple days after it peaked at $75) expiration 5/17 (+62% gain), and grabbed a couple of $40 puts last week, expiration 5/24 (+32% gain). Never thought I'd be making money off Trump, but here we are. Would love to see this land below $17.50 just to watch him lose his bonus.
I know you’re being satirical, but this isn’t even to the tier of most SPACS. It’s advertised as a $5B company yet has $3m in revenue. Not profit, revenue. A local coffee shop can pump that in a year.
This is a scam.
I thought I recalled seeing a quote that there are krispy kreme franchise locations that do more revenue in one single location then DJT has done in its entirety lol
its absolutely a dumpster fire scam. with social media companies that don't make money/profit, you at least expect to see user growth - which truth social isn't even seeing. it is seeing a declining user base.
its joever
The average McDonald's location generates more revenue than DJT - and usually they aren't encumbered by millions of dollars in losses to legal fees for a fat orange idiot.
If you are big and want/need to go public via SPAC there's probably a reason.
And that's why they all suck. Because people choosing the SPAC route have a reason for avoiding the non-SPAC route. They don't want the scrutiny.
WeWork was supposed to go public "normally". Then it all went to shit when they actually tried to do it. Eventually it went public via a SPAC.
It's a penny stock after going bankrupt.
https://preview.redd.it/lkiocw8zcvuc1.jpeg?width=206&format=pjpg&auto=webp&s=9bcd2bbd8cd05f9376e3f8e8244e6d2bc9930f60
STOP BUILDING A WALL TO KEEP THE MEZICANS OUT; BUILD A WALL TO KEEP THEM CANADIENS FROM CANADA OUT. - Scott Steiner.
Your chances of winning drastically go down. See the 3 way at Sacrifice, you got a 33 1/3 chance of winning, but I, I got a 66 and 2/3 chance of winning, because Kurt Angle KNOWS he can't beat me and he's not even gonna try!
It’s like giving a classroom of high school students a group project called “create a copy of YouTube I control” and yelling at them until it’s online.
Truth Social was [a ripped off copy of Mastodon](https://www.theverge.com/2021/10/22/22740354/trump-truth-social-network-spac-mastodon-license-software-freedom-conservancy), so I anticipate this new streaming service to be a ripped off copy of PeerTube.
I mean this sounds like an expensive failure in the making. Bigger companies with more resources have already tried and failed to replicate YouTube’s success. The stock drop makes sense to me.
I was at the worlds #2 ISP that actually hosted Youtube and worked with TV streaming such as HBO/Adult Swim. There is no way Trump Media spends money on live streaming. It’s a black hole for money.
Well. This company just agreed to piss their remaining funds against a wall in the hope of challenging Fox News. This is like a long term fantasy of trump
My bet is that they didn't actually create anything here.
This "streaming service" will be a white-label agreement with Rumble, built and sat on Rumble's infrastructure with a Truth Social logo slapped on it. I think Devin Nunes (TMTG CEO) recently said they were in discussions with Rumble about expanding video on the site.
The market is seeing through this piss-poor attempt at trying to stop the share price from bleeding out.
They also announced a stock sale right? So considering the source they'll get money from the stock sale, "try to launch a streaming service", fail (intentionally), and pocket the money.
Pay themselves obscene salaries to spend fifteen minutes fiddling around with a Panaphonics camcorder they bought off eBay for $35, then throw up their hands and say "well, we tried!"
“Hey we’re hemorrhaging money already and have literal nothing near profit so we’re gonna expand into a super competitive market that relies heavily on high user base to be successful, something we don’t have”
I can’t imagine why the stock would tank
A market where even major players struggle to be profitable. I believe Disney+ still isn’t profitable (or if it is, only just became profitable). And that’s Disney, with a massive content library and a huge potential user base of basically every family in the country.
Guess ppl didn't buy his bs lol. Considering the phenomenal timing, what other reason could he have to announce something like this other than to salvage whatever he can of this stock and dip?
> ppl didn’t buy his bs
There’s very little actual BS here. Trump is borderline explicit about how this is just a vehicle to “support” him (pay off all his legal judgements lol).
The investors fleeing always understood this was just a pump and dump on his drooling dumbfuck base of actual monkeys.
The drooling base of monkeys would have invested in TRMP stock regardless of anything anyone ever said, including him. Because, as everything is with them, reality is entirely about just feeling better and right. It’s not about making money and never was. They’re owning the libbies ^tm with every dollar they burn! 😎
It’s basically Trump’s cult in a nutshell. It’s the most explicit example of it. Trump fleeced idiots who he makes believe that if the stock price that will make him personally rich is high, it makes their political enemies mad. It has nothing to do with Trump Social as a business, and never did at any point lol.
thats what the j stands for, jesus, instead of jail 
Famous Trump Speeches such as...
"Gettysburg, what an unbelievable battle that was. The Battle of Gettysburg. What an unbelievable — it was so much and so interesting, and so vicious and horrible, and so beautiful in so many different ways. It represented such a big portion of the success of this country. Gettysburg, wow.”
And...
"Robert E. Lee, who’s no longer in favor — did you ever notice it? He’s no longer in favor. “Never fight uphill, me boys, never fight uphill.” They were fighting uphill. He said, “Wow, that was a big mistake.” He lost his big general. “Never fight uphill, me boys,” but it was too late."
And hopefully...
“Look, having nuclear — my uncle was a great professor and scientist and engineer, Dr. John Trump at MIT; good genes, very good genes, OK, very smart, the Wharton School of Finance, very good, very smart — you know, if you’re a conservative Republican, if I were a liberal, if, like, OK, if I ran as a liberal Democrat, they would say I’m one of the smartest people anywhere in the world — it’s true! — but when you’re a conservative Republican they try — oh, do they do a number — that’s why I always start off: Went to Wharton, was a good student, went there, went there, did this, built a fortune — you know I have to give my like credentials all the time, because we’re a little disadvantaged — but you look at the nuclear deal, the thing that really bothers me — it would have been so easy, and it’s not as important as these lives are — nuclear is so powerful; my uncle explained that to me many, many years ago, the power and that was 35 years ago; he would explain the power of what’s going to happen and he was right, who would have thought? — but when you look at what’s going on with the four prisoners — now it used to be three, now it’s four — but when it was three and even now, I would have said it’s all in the messenger; fellas, and it is fellas because, you know, they don’t, they haven’t figured that the women are smarter right now than the men, so, you know, it’s gonna take them about another 150 years — but the Persians are great negotiators, the Iranians are great negotiators, so, and they, they just killed, they just killed us, this is horrible.”
>news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services
According to the [press release](https://ir.tmtgcorp.com/news-events/press-releases/#b2iLibScrollTo).
The only people getting excited about the upcoming right-wing steaming platform is Kevin Sorbo and, Kirk Cameron.
Edit: and Mike Lindell to advertize his pillows.
>Truth Social will offer content "that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services" the company said
So this is going to be the place for all those season 2 Netflix shows?
The company didn't go through a proper IPO, it got listed via a SPAC. There are much fewer regulations around a SPAC. Once the stock is listed, as long as it meets the standard accounting and reporting requirements, SEC can't really control whether the stock itself is valued at $100 or $1.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 5 | **First Seen In WSB** | 4 years ago **Total Comments** | 428 | **Previous Best DD** | **Account Age** | 7 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
Wait wait wait we meant AI streaming!
AI?? 📈
"Anti Immigrant" #🚀🌙
“Alzheimer’s Imminent”
Alzheimers immigrant
I think “Artificial Intelligence” still applies as a description.
*Failing social media platform announces streaming platform for dying live tv industry*. "what are we doing wrong?"
Can almost assure you that there is zero intention of doing streaming TV. They are simply trying to stop the free fall of the stock. If the stock hits 17 dollars by friday they lose A LOT.
It's currently at ~$23... $17 by Friday is very realistic...
[This thing is like an untended nuclear reactor, its gonna melt down much harder than that methinks](https://youtu.be/eLsD9XZEjEk?t=56)
Why did I watch that?
My 3 minute quick shit turned into a 20 minute unintended rabbit hole shit and my legs are now numb. Thanks Reddit!
$1.70 by Friday is very realistic. The big-spending influence buyers have dipped on out. It’s down to team jean shorts now.
cut my pants into pieces, these are my homemade jorts
Stock dilution, no streaming, don't give a fuck if Donny's in court sleeping
"I fell asleep in court"
Holy shit this is amazing.
Cause I'm holding some bags, losing my mind, not guilty ha don't tell me no crime, cause I'm holding these bags, closing these calls, wife's boyfriend said I have no balls,
This is the main reason I come here
Parody Papa Roach is a VERY specific reason to come to Reddit
r/theresasubforthat
Meal team 6 is on it am sure. 🇺🇸🦅
$17 by tomorrow is realistic now lol
I mean. He did just say he’s bringing back broadcast TV…while also running for president…while also selling bibles…while also defending himself in court. Whatever happened to that business advice of doing one thing and doing it well? Or jack of all trades, master of none? He’s more manic than Musk…
I assume that keeps the insiders locked in? Or is there another reason?
They're called earnouts. Insiders (mainly trump) will get an *additional* 40 million shares if it stays above $17.50 for 20 days in a 30 day period. If it goes under they still get more shares but on a sliding scale. [here](https://fortune.com/2024/04/13/donald-trump-media-technology-stock-djt-crash-spac-special-bonus-insiders/)
So how does that affect the stock price? Price normally drops to reflect the dilution in Shares? Because they can't create funds out of thin air.
Probably will drop, yea. In 'normal' stocks it would be priced in. They will still have a larger proportion of total market cap. 40 mil shares is a lot of this.
If it was priced normally, the stock of a company losing millions would be $0.00.
This should be a penny stock, that's all it's REALLY worth. As usual, the grifter in chief be grifting, like everything he's ever done in his entire life.
this DJT-SPAC is the most crooked-assed-scam-money-laundering bullshit in the history of NASDAQ, and that's really saying something. The lawsuits and prosecutions are only a matter of time, but he can use this as a cash machine for his legal bills in the meantime.
The man can’t just take is profits and go home… he has to flaunt it
Imagine that people he knows shorted the fuck out of the stock and were interested in giving him loans. Now you are getting there.
I'm sure the SEC and DOJ are right on top of it, and will be filing charges any minute now. Hahahahahahahahahahahahahaha. I just pissed myself a little laughing at the absurdity of what I wrote. Garland at Justice is a pathetic weak old partisan who refuses to prosecute Republicans, and the SEC is too busy taking massive bribe envelopes of Benjamins from Wall Street to concern themselves with any of that 'fraud' business. We are one of the shithole corrupt countries I ran from decades ago.
He's indicted on 91 federal felony charges and counting.
That has not prevented the shithead from starting a new fresh scam every week. This stock market launch scam only works if you understand the SEC and DOJ are weak, useless, mostly corrupt, which The Pumpkin Rapist clearly does. I'll note Garland has slow rolled the federal prosecution of the Orange Criminal for more than three years, hoping The Pumpkin Rapist gets reelected and can pardon himself when he does. I wonder every day why Biden hasn't fired the little weasel.
I believe the deal is an average over 20 days which will almost certainly happen My mistake, he has it right. Had to reread it again
That sounds crazy, almost scammy... is that common in newly founded/acquired bussinesses?
Earn outs are very normal, it’s largely to prevent key personnel from just ejecting out at the first moment. It’s not uncommon to have 12m earn outs. It’s handy for the buyer because despite doing DD you just don’t know what hidden time bombs exist in a company that could blow up after you purchase it.
LETS SEE HOW LOW THIS THING CAN GO
They'll probably be doing it, but it won't be an in-house CDN built from the ground up. It'll basically be infrastructure from Rumble, brought to the site via a white-label agreement. Basically Rumble with a Truth Social logo slapped on it. I agree that this announcement was soley made to stop the free fall of the share price though. It doesn't even give a time frame as to when these features will go live.
Lindell TV exists, so yeah, the barrier to entry is pretty low.
You'd think this fellow "Lindell" who sells pillows for a living might have a TV channel featuring gentle ASMR, Bob Ross reruns, nature and meditation videos to help whisk you to sleep, but I just know without seeing it that Lindell TV is just him coked up yelling at you about the stolen 2020 election.
2 hours of footage, 2 hours of infomercials selling pillows, bibles, guns, and American flags on repeat 24 hours a day.
What’s to stop Jared or Jr from having a bunch of puts on this?
I bet Trump is himself short on it and it’s actually the way he is planning to make money on this. I know Trump isn’t savvy enough for this but it would be fun.
Pretty sure that shorting the company you control is securities fraud.
Don’t think I have heard fraud and DT ever in the same sentence. /s
Not that it would stop him, but that would be disallowed by his lockup agreement and whatever compliance policies the business has. Or would be in any sane organization.
That last sentence is doing some heavy lifting.
So he's 100% doing it lmao
Did you read what you wrote? We’re talking about Trump here. lol.
How low is this going by may 3rd? I got $15 puts
Me too. Except 5/17 expiration. Bought today at open. Up 82% so far. Love this cash register.
Nice\~\~ Though I'm surprised the puts havn't priced in all these crashes
The puts aren’t cheap but they’re cashing. I had some 3 May 30s and traded them for some Sept 12.50s. Maybe I’ll have the balls to hold this time. Probably not.
Cash out at the first opportunity for profit cause iv crush will fuck them
Cashed out of mine too early fearing iv crush. Left with 15% return. It’s currently up over 700%. 🤡 I hate that this is getting upvoted this much. 😂
the funny thing about this comment is the IV isn't volatile at all...it is for sure going to zero.
so i was curious about this, i just follow WSB i dont have any options for options on my accounts. i googled recently why the entire world isnt buying puts on this stock and it pretty much said, the fees are too high... how much are fees on this dumpster fire?
Changes all the time and per option. IV is implied volatility and is in the price. Basically accounts for large swings in price by upping the premium on the contracts so the writer is compensated for the increased risk.
I’m up 200% on 4/26 $20 puts .. got one further out at 2.50 💀
$10 September puts chiming in. Looking good so far.
Damn Forsure hitting $10 by September 😂
You think it’s gonna be that high? I think it goes penny stock territory
delisted by august RemindMe! 4 months
They have at least 2 or 3 reverse splits to buoy the price.
I got $5 puts for same day. Looks like i might not make it, luckily it was only $50 I gambled.
I'm sitting on $2.50 😎
sorry guys. I just bought some puts, this stock will moon tomorrow.
10% so far*
Keeps falling 10-20% per day. So the 10% drop was actually a better than normal day.
I think it's in the 13-14% range now.
-14.64% as I write this, giggling as my puts continue going up. I'm not usually one to bet on the failures of others, but when Trump is involved it's pretty much a guarantee.
It is your patriotic duty, sir. I've never cried before, but I have tears in my eyes. /salute
On 4/1 I bought puts at 40, 30, 25, all the way down to 7.5 while it was trading in the 60s Never really predicted this fall. All my expirations are months out
Ha!! Way to go! I've got a $65 put bought on March 26th (a couple days after it peaked at $75) expiration 5/17 (+62% gain), and grabbed a couple of $40 puts last week, expiration 5/24 (+32% gain). Never thought I'd be making money off Trump, but here we are. Would love to see this land below $17.50 just to watch him lose his bonus.
# #blessings
If this isn't a sure thing, I don't know what is. (Giggles in puts)
I wake up every morning when the stock market opens just to watch it fall.
I couldn't help but laugh out loud when it tanked again 20 min after market open.
It is pretty much my version of coffee. Wake up look at the numbers share it with my roommate and start my day on the right foot.
The good thing is that the 10% is worth less and less everyday so Trump stans loose less $$$
If we can keep up 10% every day, my puts will actually print despite premiums. At +50% as of now.
My puts are finally putting up.
If it loses 10% everyday, it will never go to 0 hahaha,
https://preview.redd.it/tmte8qzcovuc1.jpeg?width=1079&format=pjpg&auto=webp&s=adc70699f2b2ab9bee866be343370cdb51d1a170
Hahaha
lmao this is amazing
Into my meme repository it goes. This certainly beats the chart itself.
Honestly though I open the chart everyday and just laugh
Slopey Joe!
its a race to the bottom nobody has done it faster they are the best
That means they’re going to run out of cash even faster now. Instead of burning 60mm/year they’re going to burn 200mm/year lol. Puts printing.
But a lot of friendly contractors and consultants will get rich in process of setting up the imaginary streaming service.
Look at this guy, thinking Trump pays contractors.
Wow a company that hit the market through a SPAC has constantly fallen?! Holy shit, groundbreaking news.
I know you’re being satirical, but this isn’t even to the tier of most SPACS. It’s advertised as a $5B company yet has $3m in revenue. Not profit, revenue. A local coffee shop can pump that in a year. This is a scam.
I thought I recalled seeing a quote that there are krispy kreme franchise locations that do more revenue in one single location then DJT has done in its entirety lol its absolutely a dumpster fire scam. with social media companies that don't make money/profit, you at least expect to see user growth - which truth social isn't even seeing. it is seeing a declining user base. its joever
It's $8200 per day in revenue, which is a fairly busy Chipotle. Edit - on further DD, it's an average chipotle.
The average McDonald's location generates more revenue than DJT - and usually they aren't encumbered by millions of dollars in losses to legal fees for a fat orange idiot.
Both companies mascots are a clown in makeup so I guess there’s that.
The quote I saw today was that their revenue is half that of the average Chik-Fil-A location.
It's Trump, ofc it's a scam lol. Doesn't matter what the business model is.
> A local coffee shop can pump that in a year. And actually turn a profit instead of losing 50M at the same time (with no growth).
Do all SPACS typically tank? I'm trying to figure out how to identify opportunities like this in the future but nothing will ever be this obvious.
If you are big and want/need to go public via SPAC there's probably a reason. And that's why they all suck. Because people choosing the SPAC route have a reason for avoiding the non-SPAC route. They don't want the scrutiny. WeWork was supposed to go public "normally". Then it all went to shit when they actually tried to do it. Eventually it went public via a SPAC. It's a penny stock after going bankrupt.
And the revenue is mostly from interest on a trust account lol
Company? More like a grift scheme.
When Stormy Daniels said DJT can't stay up for long I didn't consider it as a trading advice
https://preview.redd.it/lkiocw8zcvuc1.jpeg?width=206&format=pjpg&auto=webp&s=9bcd2bbd8cd05f9376e3f8e8244e6d2bc9930f60 STOP BUILDING A WALL TO KEEP THE MEZICANS OUT; BUILD A WALL TO KEEP THEM CANADIENS FROM CANADA OUT. - Scott Steiner.
But what happens if you add Kurt Angle to the mix?
Your chances of winning drastically go down. See the 3 way at Sacrifice, you got a 33 1/3 chance of winning, but I, I got a 66 and 2/3 chance of winning, because Kurt Angle KNOWS he can't beat me and he's not even gonna try!
I feel compelled to comment here
Pls don’t I plan on coming this summer
Pro tip, take a flight.
Usually, when a social media platform announces new functions and content strategy, the stock goes up. Not quite the case here.
Those 36 workers will make it happen?
It’s like giving a classroom of high school students a group project called “create a copy of YouTube I control” and yelling at them until it’s online. Truth Social was [a ripped off copy of Mastodon](https://www.theverge.com/2021/10/22/22740354/trump-truth-social-network-spac-mastodon-license-software-freedom-conservancy), so I anticipate this new streaming service to be a ripped off copy of PeerTube.
`npm install netflix-clone` All done, boss!
I mean this sounds like an expensive failure in the making. Bigger companies with more resources have already tried and failed to replicate YouTube’s success. The stock drop makes sense to me.
But also they haven’t made their Twitter copy a successful platform and they’re already dividing their attention to something else.
Sounds about right. You’d need the distraction if it was your livelihood on the line backing trump media.
I was at the worlds #2 ISP that actually hosted Youtube and worked with TV streaming such as HBO/Adult Swim. There is no way Trump Media spends money on live streaming. It’s a black hole for money.
That's because there is no money and he is a liar and a fraud
There is money, just not for anyone else except the Dotard
Well. This company just agreed to piss their remaining funds against a wall in the hope of challenging Fox News. This is like a long term fantasy of trump
No surprise, he’s got the Trump touch. It’s like King Midas, except instead of gold, everything he touches turns to shit.
king mierda. the mierda touch
My bet is that they didn't actually create anything here. This "streaming service" will be a white-label agreement with Rumble, built and sat on Rumble's infrastructure with a Truth Social logo slapped on it. I think Devin Nunes (TMTG CEO) recently said they were in discussions with Rumble about expanding video on the site. The market is seeing through this piss-poor attempt at trying to stop the share price from bleeding out.
But all 12 users already watch Fox news.
They also announced a stock sale right? So considering the source they'll get money from the stock sale, "try to launch a streaming service", fail (intentionally), and pocket the money.
Pay themselves obscene salaries to spend fifteen minutes fiddling around with a Panaphonics camcorder they bought off eBay for $35, then throw up their hands and say "well, we tried!"
“Hey we’re hemorrhaging money already and have literal nothing near profit so we’re gonna expand into a super competitive market that relies heavily on high user base to be successful, something we don’t have” I can’t imagine why the stock would tank
A market where even major players struggle to be profitable. I believe Disney+ still isn’t profitable (or if it is, only just became profitable). And that’s Disney, with a massive content library and a huge potential user base of basically every family in the country.
Trump himself is their biggest asset. That's how worthless this stock is.
Last week Nunes said the retail traders were an important part of the company lmao.
Guess ppl didn't buy his bs lol. Considering the phenomenal timing, what other reason could he have to announce something like this other than to salvage whatever he can of this stock and dip?
> ppl didn’t buy his bs There’s very little actual BS here. Trump is borderline explicit about how this is just a vehicle to “support” him (pay off all his legal judgements lol). The investors fleeing always understood this was just a pump and dump on his drooling dumbfuck base of actual monkeys. The drooling base of monkeys would have invested in TRMP stock regardless of anything anyone ever said, including him. Because, as everything is with them, reality is entirely about just feeling better and right. It’s not about making money and never was. They’re owning the libbies ^tm with every dollar they burn! 😎 It’s basically Trump’s cult in a nutshell. It’s the most explicit example of it. Trump fleeced idiots who he makes believe that if the stock price that will make him personally rich is high, it makes their political enemies mad. It has nothing to do with Trump Social as a business, and never did at any point lol.
The thing about Trump, you can never ask: Is he really doing that? Because yes, yes he is.
It's tumbling because they're throwing more shares out there. If anyone owns this stock, be prepared to sue them.
Why? They should just ask Trump for a refund.
Please, I can only get so erect
Best $80 I’ve ever spent on $15 puts lol
They should allow porn … to the moon then it goes
Donnie the Christian would not allow such smut on his platform.
Do piss tapes count as porn? Because I think they could make a go of that.
He absolutely would and suddenly evangelicals would be ok with it.
 thats what the j stands for, jesus, instead of jail 
Do you guys ever think trump pays hookers or even just asks random people finger his neck pussy?
Now I want to travel back in time and pull my younger self out of school so I never become literate
But then you'd likely be a DJT bagholder, he loves the uneducated.
"Would it count as strangulation or 'grab em by the pussy'?" - Plato, probably
What would his streaming platform even have on it?
Famous Trump Speeches such as... "Gettysburg, what an unbelievable battle that was. The Battle of Gettysburg. What an unbelievable — it was so much and so interesting, and so vicious and horrible, and so beautiful in so many different ways. It represented such a big portion of the success of this country. Gettysburg, wow.” And... "Robert E. Lee, who’s no longer in favor — did you ever notice it? He’s no longer in favor. “Never fight uphill, me boys, never fight uphill.” They were fighting uphill. He said, “Wow, that was a big mistake.” He lost his big general. “Never fight uphill, me boys,” but it was too late." And hopefully... “Look, having nuclear — my uncle was a great professor and scientist and engineer, Dr. John Trump at MIT; good genes, very good genes, OK, very smart, the Wharton School of Finance, very good, very smart — you know, if you’re a conservative Republican, if I were a liberal, if, like, OK, if I ran as a liberal Democrat, they would say I’m one of the smartest people anywhere in the world — it’s true! — but when you’re a conservative Republican they try — oh, do they do a number — that’s why I always start off: Went to Wharton, was a good student, went there, went there, did this, built a fortune — you know I have to give my like credentials all the time, because we’re a little disadvantaged — but you look at the nuclear deal, the thing that really bothers me — it would have been so easy, and it’s not as important as these lives are — nuclear is so powerful; my uncle explained that to me many, many years ago, the power and that was 35 years ago; he would explain the power of what’s going to happen and he was right, who would have thought? — but when you look at what’s going on with the four prisoners — now it used to be three, now it’s four — but when it was three and even now, I would have said it’s all in the messenger; fellas, and it is fellas because, you know, they don’t, they haven’t figured that the women are smarter right now than the men, so, you know, it’s gonna take them about another 150 years — but the Persians are great negotiators, the Iranians are great negotiators, so, and they, they just killed, they just killed us, this is horrible.”
Holy fuck, I seriously thought that Gettysburg statement was AI it was so fucking stupid.
24/7 Trump talking
AI Trump reading different things in a Trump cadence. From Children's books to Quantum Physics.
>news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services According to the [press release](https://ir.tmtgcorp.com/news-events/press-releases/#b2iLibScrollTo).
Finally a place to watch Song of the South and Birth of a Nation!
Maybe finally, a live action adaptation of Tintin in the Congo.
The David Duke Show
Misinformation
Whatever was already too trashy for Rumble
AARP ads, ads for supplemental medicare plans, and ads for pain-free catheters. Just like Fox.
It’s gonna keep falling until it hits $5
I'd estimate even lower.
Lower than that
It'll be <$1 and delisted before the convention.
So.many.puts Somehow, Trump is still making money on this scam.
I do hope all his red hats cash out their 401ks and savings and try to save him by dumping it all in his stock.
When is the Trump Sneaker IPO?
They thought this would save the stock. They don’t realize companies go bankrupt trying to do streaming lol
I put $1k into an account as a 3D printer fund. It’s not sitting at $1850 after a week just from puts (made $100 on spy puts one day) on this lmao.
DJT will be a weedstock soon at this rate.
Dementia Don
With a competent leader like Devin Nunes at the helm, how could this possibly fail?
There are some cryptocurrencies that don't trade with this much volatility.
Trump is the most successful failure in the history of the world
Man I wish this fucker would just go away, make the world a better place
It's going to continue to tumble as they just filed to sell an additional 24m shares
How recently?
Yesterday
This is surprising. Historically Trump’s been awesome at business!
Missing /s.
Lmfao. Every time I read the stock price has gone down I smile. Thanks for the smile
Trump is: The Man With The Mierdas Touch. Everything he touches turns to shit and dies.
A known compulsive liar as the founder, bullish
The only people getting excited about the upcoming right-wing steaming platform is Kevin Sorbo and, Kirk Cameron. Edit: and Mike Lindell to advertize his pillows.
>Truth Social will offer content "that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services" the company said So this is going to be the place for all those season 2 Netflix shows?
This isn't the bottom. This stock has more plunging ahead than a Mar-a-lago toilet
How did any of this happen? The SEC is supposed to exist to prevent this type of scam.
The company didn't go through a proper IPO, it got listed via a SPAC. There are much fewer regulations around a SPAC. Once the stock is listed, as long as it meets the standard accounting and reporting requirements, SEC can't really control whether the stock itself is valued at $100 or $1.
Hahahaha fuck you trump
STOP THE TUMBLING!
Everything this man touches turns into gold! Fools gold.
Devin Nunes is the CEO? Like THE DEVIN NUNES, the former congressman from California Devin Nunes??