If you havent seen the movie about game stop called "Dumb Money" please watch it.
The movie is a reflection on what took place during the gamestop short squeeze. In a nutshell you had Citadel who managed the order flow for RobinHood and other brokers collude with wall street hedge funds to screw over retail. The hedge funds and citadel were losing billions on their short positions in an attempt to bankrupt Game Stop.
Retailers, led by an anon who goes by Roaring Kitty noticed the large short position on GME and started to squeeze wall street. It led to a massive move in GME which was thought to be the squeeze that would end the short and wall street.
Unfortunately the brokers at the direction of Citadel disabled retail from being allowed to open new positions on GME, killing the squeeze.
Congress even investigated the events and found no wrong doing.
Now fast forward to now. Donald Trump is going to be winning back the office. He also will have a publicly traded company after his initials - $DJT on the nasdaq for Trump Media and Technology company.
Retailers who know absolutely nothing about the stock market but love Trump, will buy this stock in a frenzy just because its tied to the greatest president of our time.
I imagine a lot of shorts who have TDS will be shorting it as well, but we know our movement is greater and those shorts will be trapped. Wall street will see this as another opportunity to steal from retail and short it as well.
End result, we will see another GME with DJT stock. It will be more powerful then GME and do you really think Trump will be siding with wall street who was shorting his company? Dont think so.
Retribution is coming. We will see the real MOASS and it will take out wall street and citadel from the game they have been controlling.
I get what the op is saying, but…
$TMTG seemed more professional, more relevant to what the company was meant to become, a new awesome empire.
$DJT comes off as gimmicky, like it’s just there to pick a fight. Although a fight is needed, the media/tech group should have been an emphasized focus, as it was before the symbol change.
Or, do I have it wrong? Is $TMTG going to be a thing, too?
Trump name is an icon.
Imagine when 100M Trump voters put their money where their mouth is and buy DJT to add to their portfolio.
I totally understand that point, although I don’t see any reason $TMTG couldn’t be equally iconic, possibly more iconic and more relevant, more future-proof, an awesome empire which may be passed down to future Trumps (Barron Trump, for example.)
TMTG+ will still be a thing, right? Only the symbol is changing? I feel dumb for even asking that question, as I believe TMTG+ will exist, as it should exist, but — now — the symbol change makes everything feel like a gimmick, so, idk.
People will buy $DJT just to make a statement, but they’ll sell $DJT whenever anything negative happens to Donald Trump. $TMTG seemed more promising, like a stable foundation built to withstand greater things to come.
Yes TMTG is the company that is represented by DJT ticker.
Got it, Ty…
DJT will be the ticker.
Trump Media & Technology Group will remain the company name.
Best of both in my opinion.....easy, memorable trading ticker for a largely citizen-owned (retail investor) empire.