i see the wall-street snakes trying to manipulate it down hoping for a sell-of & then, oooops... theres goes trumps billions & his leverage against the corrupt courts...
but i know... lemme repeat, KNOW.... its gonna bounce back 200-300% before the election
The problem is that people always cash out. They cash out when they think it won't go higher, and then the first rats to flee the ship cash out as soon as it begins listing, and leave everyone else holding the bag. The company had $58 million in expenses against $4 million in revenues. $4 million is a tiny bit more than the average McDonald's restaurant takes in annually. But the average McDonalds store isn't spending $58 million just to keep the lights on and the Fryolators bubbling. I get wanting to be on the team, but the valuation is so totally out of whack with reality that there must be better ways to show support. If DJT gets permission to sell his shares prior to 6 months all the shares bought by retail investors will be nothing but charitable donations, except they won't be tax deductible.
The company has zero debt. Many companies have losses in the first years. TMTG spent money fighting battles to make the merger happen for two years. With the recent 10K filing they have zero debt and $200 cash to build
Looks like DJT dropped its financials over the weekend, showing significant losses.
Also, analysts consider Trump’s involvement to be a negative, what with all his lawsuits and “the fact that he may be in prison for the rest of his life”.
from cnbc: "The share price of Trump Media plunged Monday after the social media app company closely tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023."
BUY BUY BUY
and
HOLD HOLD HOLD
Trump is negotiating for a waiver from the board to waive the 6 month lock up.
If you think about holding the stock as a campaign donation, its not so bad.
Not financial advice, but people should see things with both eyes open.
i see the wall-street snakes trying to manipulate it down hoping for a sell-of & then, oooops... theres goes trumps billions & his leverage against the corrupt courts...
but i know... lemme repeat, KNOW.... its gonna bounce back 200-300% before the election
How? Intuition? Or something else? I'm open to whatever reasoning you use to arrive at this conclusion, I'm just curious.
What? Trump isn’t negotiating to waive the 6 month lockup at all
The problem is that people always cash out. They cash out when they think it won't go higher, and then the first rats to flee the ship cash out as soon as it begins listing, and leave everyone else holding the bag. The company had $58 million in expenses against $4 million in revenues. $4 million is a tiny bit more than the average McDonald's restaurant takes in annually. But the average McDonalds store isn't spending $58 million just to keep the lights on and the Fryolators bubbling. I get wanting to be on the team, but the valuation is so totally out of whack with reality that there must be better ways to show support. If DJT gets permission to sell his shares prior to 6 months all the shares bought by retail investors will be nothing but charitable donations, except they won't be tax deductible.
The company has zero debt. Many companies have losses in the first years. TMTG spent money fighting battles to make the merger happen for two years. With the recent 10K filing they have zero debt and $200 cash to build
I would guess there was just a ton of hype right away once people saw the deal closed and that has died down now.
There might also be market makers naked shorting it.
I am planning to wait 2 weeks before buying in.
Looks like DJT dropped its financials over the weekend, showing significant losses.
Also, analysts consider Trump’s involvement to be a negative, what with all his lawsuits and “the fact that he may be in prison for the rest of his life”.
I'd bet those "analysts" vote straight Demonrat.
No doubt
Whatever, innocent in prison for life, right.🙄
I know, friggin ridiculous 🥴
It was for the previous year pre merger. They have zero debt now
This always happens after the first few days/weeks. I'm of the opinion that they will not let another VW squeeze happen ever again.
Won't be their choice.
🦍
There has to be. The VW squeeze happened during 2008 housing issue. I think there’ll be another one.
from cnbc: "The share price of Trump Media plunged Monday after the social media app company closely tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023."
Thanks.
Ooof.
What are they spending $58 million on?
People forget its a start up company that just went public....
electricity and bandwidth.
Manipulation imo.
I feel like this always happens with an IPO-type of event. I consider the merger similar to an IPO.
Some clown just sent me a message spewing vile obscenities and accused me or shorting the stock.
Like anything I say affects the stock. Amazing.
I never shorted a stock in my life, too nerve-wracking for me.
On here? You got a message? I never read DMs on any social media. Why let some anonymous nobody get in my ear!
Same. Lol. Almost never check replies to comments, either.
Shorts attacking it? Sounds good to me!
HOLD!!!!!
Back up over $52
https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html
https://finance.yahoo.com/news/trump-media-stock-tanks-as-new-filing-reveals-heavy-losses-greater-risks-on-trumps-involvement-164313322.html