It’s about what it was 8 days ago when it launched, the chart conveniently stops at 7 days, and today’s volume is only about 8% of shares outstanding, meaning most people haven’t “lost” anything but a paper gain in the initial hype. Even facebook plummeted after it’s IPO.
Disclosure: Not a shareholder.
Is anyone really surprised by this?
Every. Thing. Trump. Touches. Dies.
This will be no different and I’m laughing at any fool that invested in his so-called technology company.
Why “WOW”?
That went exactly as expected. Anyone who thought it would go any other way is an absolute moron.
There’s really no excuse to go long DJT or any other money extraction schemes Trump runs.
Con man cons again.
Truly the master of the Art of the Deal.
I’ve never seen a man be a shining blonde-orange beacon in the night for the utterly hopeless. Beckoning all these lost souls, like moths to flames, to reach into their wallet and pay him for… reasons… and fools just do it. Because… well he’s not smart… so it must be because…. force of personality? Yeah I’m not getting it, dude has some kind of genie wish going on cause he’s not usual for cults of personality. I don’t know how he gets people to listen to his 2nd grade speaking level and think ‘Yeah I trust him! I especially trust him with MY money! :)’
Fools and their money man. Dude’s a deflationary measure in and of himself.
Your losses are gonna be
Pants go next.
Trump is not the tide raising all boats with him, Trump is the conductor in The Trolly Problem trying to figure out a way to hit everyone on the tracks and scoop up their wallets and purses as he mows through them.
Reading the replies to this has helped me understand that nobody here has seen a company go public before… jeez you can hate the guy but this is reaching jeez
What did you expect ?
It’s already projected to go down to penny stock levels…
Thisbis normal for a IPO
are these investors?
The fiscal illiteracy is strong
Even if the business was successful, I’d have a hard time believing they wouldn’t find a way to grift all the profit to DJT, not that I think it will be successful.
Filling the gap
Don’t touch this thing. Sure, the company isn’t worth near $6B, but if Trump wins, you don’t think China & Co. are going to pump this thing up and use it to gain influence? We are going to have President, Inc., a publicly traded company.
It’s mostly large investors, and most likely it’s the Saudis and/or Russia funneling money to Trump just in case he wins another term.
It’s a gamble given how unpopular Trump is (he was polling at 60% in his own primary, those are some Hilary Clinton grade numbers and he was up against Nicky Haley for Pete’s sake), but when you’re gambling with other people’s money like authoritarian nation states do I guess it’s worth it.
Anyone know how the hell his company booked a profit last year? And a $50m dollar one at that? Nothing about those numbers add up.
I know they’re getting hit with interest on their loans, but it’s “only” $38m. Something doesn’t add up.
The thing with Trump is that if you invest in him you’re not doing your research.
Who could’ve predicted this??
Guys, this is obviously DEI’s fault.
/s
This is basically a chart of every IPO ever
Hate to see it.
No worries they will get an NFT *STONKS*
Shocking
Hurrr durrr trumptards owned unprofitable tech company different. Why not run an actually fa on the stock and do something useful? Oh I forgot….pooolatics
You love to see it.
Anyone who thinks this is a good investment is keeping the Darwinism of investing alive
If you look closely, parts of the graph resemble a sneaker, another
part resembles a Bible…oh, and one looks like a casino!
SEC most likely to move in per DA James request. It’s simply over valued.
From an article on CNBC:
“The enthusiasm creates unique risks for the company, however. The new 8-K filing says that Trump Media ‘may be the subject to greater risks than typical social media platforms because of the focus of its offerings and the involvement of President Trump.’
“‘These risks include active discouragement of users, harassment of advertisers or content providers, increased risk of hacking of TMTG’s platform, lesser need for Truth Social if First Amendment speech is not suppressed, criticism of Truth Social for its moderation practices, and increased stockholder suits.’”
33 comments
It’s about what it was 8 days ago when it launched, the chart conveniently stops at 7 days, and today’s volume is only about 8% of shares outstanding, meaning most people haven’t “lost” anything but a paper gain in the initial hype. Even facebook plummeted after it’s IPO.
Disclosure: Not a shareholder.
Is anyone really surprised by this?
Every. Thing. Trump. Touches. Dies.
This will be no different and I’m laughing at any fool that invested in his so-called technology company.
Why “WOW”?
That went exactly as expected. Anyone who thought it would go any other way is an absolute moron.
There’s really no excuse to go long DJT or any other money extraction schemes Trump runs.
Con man cons again.
Truly the master of the Art of the Deal.
I’ve never seen a man be a shining blonde-orange beacon in the night for the utterly hopeless. Beckoning all these lost souls, like moths to flames, to reach into their wallet and pay him for… reasons… and fools just do it. Because… well he’s not smart… so it must be because…. force of personality? Yeah I’m not getting it, dude has some kind of genie wish going on cause he’s not usual for cults of personality. I don’t know how he gets people to listen to his 2nd grade speaking level and think ‘Yeah I trust him! I especially trust him with MY money! :)’
Fools and their money man. Dude’s a deflationary measure in and of himself.
Your losses are gonna be
Pants go next.
Trump is not the tide raising all boats with him, Trump is the conductor in The Trolly Problem trying to figure out a way to hit everyone on the tracks and scoop up their wallets and purses as he mows through them.
Reading the replies to this has helped me understand that nobody here has seen a company go public before… jeez you can hate the guy but this is reaching jeez
What did you expect ?
It’s already projected to go down to penny stock levels…
Thisbis normal for a IPO
are these investors?
The fiscal illiteracy is strong
Even if the business was successful, I’d have a hard time believing they wouldn’t find a way to grift all the profit to DJT, not that I think it will be successful.
Filling the gap
Don’t touch this thing. Sure, the company isn’t worth near $6B, but if Trump wins, you don’t think China & Co. are going to pump this thing up and use it to gain influence? We are going to have President, Inc., a publicly traded company.
It’s mostly large investors, and most likely it’s the Saudis and/or Russia funneling money to Trump just in case he wins another term.
It’s a gamble given how unpopular Trump is (he was polling at 60% in his own primary, those are some Hilary Clinton grade numbers and he was up against Nicky Haley for Pete’s sake), but when you’re gambling with other people’s money like authoritarian nation states do I guess it’s worth it.
Anyone know how the hell his company booked a profit last year? And a $50m dollar one at that? Nothing about those numbers add up.
I know they’re getting hit with interest on their loans, but it’s “only” $38m. Something doesn’t add up.
The thing with Trump is that if you invest in him you’re not doing your research.
Who could’ve predicted this??
Guys, this is obviously DEI’s fault.
/s
This is basically a chart of every IPO ever
Hate to see it.
No worries they will get an NFT *STONKS*
Shocking
Hurrr durrr trumptards owned unprofitable tech company different. Why not run an actually fa on the stock and do something useful? Oh I forgot….pooolatics
You love to see it.
Anyone who thinks this is a good investment is keeping the Darwinism of investing alive
If you look closely, parts of the graph resemble a sneaker, another
part resembles a Bible…oh, and one looks like a casino!
SEC most likely to move in per DA James request. It’s simply over valued.
From an article on CNBC:
“The enthusiasm creates unique risks for the company, however. The new 8-K filing says that Trump Media ‘may be the subject to greater risks than typical social media platforms because of the focus of its offerings and the involvement of President Trump.’
“‘These risks include active discouragement of users, harassment of advertisers or content providers, increased risk of hacking of TMTG’s platform, lesser need for Truth Social if First Amendment speech is not suppressed, criticism of Truth Social for its moderation practices, and increased stockholder suits.’”
[link to story](https://www.cnbc.com/amp/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html)
Like every one of his other businesses
Welcome to the dump side of a P&D