Stable Genius Trump Tanks His Own Media Company After Posting on X
https://newrepublic.com/post/184782/trump-tanks-media-company-truth-social-posts-x
Stable Genius Trump Tanks His Own Media Company After Posting on X
https://newrepublic.com/post/184782/trump-tanks-media-company-truth-social-posts-x
43 comments
It’s not out of the question Elon doesn’t bail him out and buys Truth Social from Trump.
At this point, either of these sites can’t be differentiated. They’re the same in terms of who uses it.
Fun fact~~oid~~: Donald Trump has bankrupted casinos he owned. Every day goes by with fresh examples of Donald Trump behavior that, if applied to owning casinos, would point to why and how.
> Trump is stuck with his company’s stock for just one more month, when he is legally allowed to sell his shares without board approval. He can’t try to increase the share price **by bragging,** as he did with his real estate properties, **because that would be illegal.**
*Narrator: he bragged.*
$DJT is a scam that is designed to fleece supporters and, potentially, allow people to funnel unlimited money to Trump for influence if he becomes president again.
His supporters are always happy to be fleeced no matter what. So the only live question is whether he becomes president again. If he thinks going back on Twitter gives him the best chance to win (debatable) then it’s in the scam’s best interest that he does so.
It’s not like he’s hurting the real value of the stock. There is no real value of the stock.
wonder how much of that 837K in revenue comes from money they’ll never get from bankrupt mypillow?
Dufus. Frontotemporal dementia
Desperation. $DJT has been slowly drifting down since Biden quit. A pattern seen when sophisticated investors manage to carefully exit a stock without immediately tanking it.
Now is not a good time for resurrecting his TwiXer presence.
Tucker Carlson said that Trump was good at “destroying things. He’s the undisputed world champion of that.”
He’s had six bankruptcies and now he’s working on his seventh (DJT):
[https://www.forbes.com/sites/dereksaul/2024/08/12/trump-media-stock-hits-4-month-low-after-light-revenue-trumps-net-worth-sinks-170-million/](https://www.forbes.com/sites/dereksaul/2024/08/12/trump-media-stock-hits-4-month-low-after-light-revenue-trumps-net-worth-sinks-170-million/)
> For comparison, fellow social media company Reddit most recently posted $281 million and has a market cap of $8.6 billion, meaning **Trump Media stock is trading at about 180 times as expensive compared to quarterly sales as Reddit stock.**
Does Truth even *have* Silver?
The guy is a business genius and since “business” and “the economy” are essentially the same thing, let’s put him in charge of that, too!
Utter and complete desperation!
We should not forget that he MUST win, or it’s prison time. Now that Kamala is ahead he is getting nervous. Now insists on 3 interviews and now this, going back to Twitter to try to rally his MAGA army.
I see this a move out of sheer FEAR
Trump doesn’t own a media company. He owns a money laundering operation that is fronted by a social media platform. Truth Social and the DJM group has valuation so far beyond it’s actual worth that any other company would have been under investigation by now.
Another grift – he’s trying to prompt a short sell before he makes a positional gain. Just robbing people in the open. Crook
Fun fact: When he meant stable genius
He actually meant in a stable he’d be a genius….. in comparison to the other horses there…
“when it lost an astonishing $327.6 million and only brought in $770,500 in revenue.”
I’m not even a business man or business major and trying to fathom that type of gross loss, while selling to people how brilliant of a businessman you are, to me feels like I’ve entered the proverbial “beyond” section at Bed, Bath, & Beyond.
This fat pig is cooked
It’s not tanking; down 80% would be a good target for a tank. The good news is that MTG bought in at like $70.
Here is the thing – the number of outstanding shares currently available for trading is really low. As soon as supply increases, prices will naturally come crashing. And since Trump is not the brightest crayon in the box, it is very likely he will try to dump his shares as quickly as possible, instead of doing it over a period of several years, which will aggravate the effect.
DJT will be a penny stock before the end of the year.
There is one more month to go before Trump can sell. You’d better believe anyone still holding after that is a true sucker.
Dumbass has such a big mouth, he tanked his stock a month before he is legally able to sell his shares. Literally has too big of a mouth and too small a brain.
Love to see it! DJT’s only up $7.75 since his IPO and hasn’t sold a single share 😂
Can’t wait to see that baby in the red 📈
I bought out options on that dumpster fire awhile ago, perhaps soon will be prime time to turn them into cash
He gets zero visibility on Truth Social and he knows it. His posts are just screams into an increasingly empty echo chamber. He is desperate for attention and Musk offered him a safe space where he can lie to his hearts content
How much did Musk pay him.
My God that guy is **for sale** He knows he’s worth more in the oval office.
Since this is a publicly traded company, doesn’t he bear fudiciary responsibility to the shareholders? I think the SEC would like a word!
I called it 2 years ago when they first unbanned his account – that he’d stay off Twitter to create media buzz about staying loyal to his own platform instead, but then come crawling back to Twitter when he’s in full campaign mode and needs every last trick in the book.
Didn’t foresee the part about Truth tanking in the process, but then again there wasn’t even a public stock option for it 2 years ago. Makes sense in hindsight I guess. If/when he loses, it will crater, even more when his other felony suits resume & new ones get added.
And a slew of conservatives dumped their money into Trumps lame ass bot platform.
Once again the ‘genius’ crashes another company! He doesn’t have a damn clue how to run a profitable company!
Now why would he go on twitter after being gone for a year if he’s got the election all sewn up, does almost no rallies, plays a lot of golf and claims he leads BIG in every poll that “matters” by a lot
Maga? Make something up please. 🙏
Another great bidnezz decision, cuz he’s a stable jenius.
Gotta love all the idiot MAGA who don’t even realize what their celebration of Trump’s return to Twitter means for their stock price.
Oh who am I kidding. They are long used to being robbed blind by Trump by now.
Truth Social (DJT) Market Cap is about 4.75 Billion. I’m betting that X/Twitter will “acquire” DJT for full market price….
>Even though the Supreme Court gave him a break with its immunity ruling, he still needs cash to pay his mounting legal bills. It’s only a matter of time before September arrives and Trump dumps his stock. The question is, how low will the share price be?
We need people to band together and tank this stock over the next month. How do i help accomplish this?
Didnt he have a exclusivity deal with Truth? Was t that like 90% of the value of the company
Trump Airlines, Trump University, Trump Steaks, Trump Vodka, Trump Casinos, and an entire football league, the USFL. He sucks at business.
I hope they both pull a *Hindenburg*. Oh, the Vogonity.
25 million views on his first post and only around half a million likes. His engagement is absolute shit.
He’s always been the greatest threat to any of the companies he touches.
And my mother tries to argue that he’s a business man and knows what he’s doing.
Devin Nunes even left congress early so he could help be a part of the foundation-level of Truth Social.
Republicans send their smartest. And that’s the problem. “Brilliance” to these people is akin to that of a flat-earther that buys expensive equipment to “determine whether the earth has curvature”, **discovers that yep, there’s curvature** and *then* says*:*
“….this goes ***way*** further up than I thought….”
**That’s** who the “smart ones” are within Republican leadership and their voter base.
This is the equivalent of the President of Coke announcing that Pepsi actually tastes way better.
If any of you dare to GameStop that hate machine, I swear to god…
The stock is still worth $25?!? Sheesh MAGA heads are dumb to be hanging on to that. Of course most of it is owned by foreign interests who will expect repayment if old man Trump gets into office.