# How Can Truth Social be worth $6 Billion? {Trump Media & Technology (DJT)} **URL:** \ **Category:** In My Humble Opinion\ **Tags:** trump\ **Created:** [March 22, 2024, 1:23pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202 "2024-03-22T13:23:05Z")\ **Posts on this page:** 20\ **Page:** 14
**Author:** ![Dinsdale](https://avatars.discourse-cdn.com/v4/letter/d/97f17d/32.png) [@Dinsdale](https://boards.straightdope.com/u/Dinsdale)\ **Post date:** [April 12, 2024, 11:45am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/261 "2024-04-12T11:45:35Z")
> [@wolfpup](#): > > What a bunch of crooks – true Trumpists from top to bottom. Is there anyone even remotely associated with Trump who isn’t a lying, thieving scumbag? I find it amazing that that would be so clear to you and me, yet apparently a good portion of our fellow citizens see it very differently. I find it hard getting my head around why ostensibly rational people can believe such malarky. ---
**Author:** ![OldOlds](https://avatars.discourse-cdn.com/v4/letter/o/a3d4f5/32.png) [@OldOlds](https://boards.straightdope.com/u/OldOlds)\ **Post date:** [April 12, 2024, 12:12pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/262 "2024-04-12T12:12:13Z")
> [@Dinsdale](#): > > I find it amazing that that would be so clear to you and me, yet apparently a good portion of our fellow citizens see it very differently. I find it hard getting my head around why ostensibly rational people can believe such malarky. Over at RWNJ sites they think it’s all a conspiracy to make Trump look bad, but that in the end TS is going to be worth a fortune and one should get a piece of the action. How I think this ends is that whatever value is still in the stock come September will be hoovered up by Trump when he starts dumping shares. I really believe it’s a pump and dump. ---
**Author:** ![TokyoBayer](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/tokyobayer/32/13989_2.png) [@TokyoBayer](https://boards.straightdope.com/u/TokyoBayer)\ **Post date:** [April 12, 2024, 1:23pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/263 "2024-04-12T13:23:12Z")
> [@Dinsdale](#): > > I find it hard getting my head around why ostensibly rational people can believe such malarky. How many people believe the election was stolen? I’ve given up on assuming that there are many rational people left in the world. ---
**Author:** ![Stratocaster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stratocaster/32/16393_2.png) [@Stratocaster](https://boards.straightdope.com/u/Stratocaster)\ **Post date:** [April 12, 2024, 2:24pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/264 "2024-04-12T14:24:41Z")
> [@OldOlds](#): > > I really believe it’s a pump and dump. Well, the tire is leaking real bad if this is a pump and dump. ---
**Author:** ![OldOlds](https://avatars.discourse-cdn.com/v4/letter/o/a3d4f5/32.png) [@OldOlds](https://boards.straightdope.com/u/OldOlds)\ **Post date:** [April 12, 2024, 2:34pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/265 "2024-04-12T14:34:50Z")
Realize that even at $10/share, Trump will walk away with half a billion. ---
**Author:** ![DSeid](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dseid/32/20194_2.png) [@DSeid](https://boards.straightdope.com/u/DSeid)\ **Post date:** [April 12, 2024, 2:48pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/266 "2024-04-12T14:48:10Z")
Don’t rule out it becoming a penny stock and getting delisted. Few may be willing to lend against it and selling significant amounts will be … hard. ---
**Author:** ![Stratocaster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stratocaster/32/16393_2.png) [@Stratocaster](https://boards.straightdope.com/u/Stratocaster)\ **Post date:** [April 12, 2024, 3:07pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/267 "2024-04-12T15:07:14Z")
My speculation is that Trump ends up with a windfall in an amount unfathomable to us mere mortals, but that wouldn’t, for example, put a dent in his NY judgment. So, found money, much better than a poke in the eye with a sharp stick, but not Trump-life-changing. This just feels like a penny stock waiting to materialize, to me anyway. ---
**Author:** ![Dinsdale](https://avatars.discourse-cdn.com/v4/letter/d/97f17d/32.png) [@Dinsdale](https://boards.straightdope.com/u/Dinsdale)\ **Post date:** [April 12, 2024, 4:12pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/268 "2024-04-12T16:12:25Z")
Today down from $34.2 to $32.1. This is the most fun I’ve ever had watching stocks! ---
**Author:** ![BeepKillBeep](https://avatars.discourse-cdn.com/v4/letter/b/9e8a1a/32.png) [@BeepKillBeep](https://boards.straightdope.com/u/BeepKillBeep)\ **Post date:** [April 12, 2024, 4:15pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/269 "2024-04-12T16:15:01Z")
Yeah. I agree. He’ll get millions out of it, which seems profoundly unfair but we do not live in a fair world where only the worthy succeed. ---
**Author:** ![Whack-a-Mole](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/whack-a-mole/32/141_2.png) [@Whack-a-Mole](https://boards.straightdope.com/u/Whack-a-Mole)\ **Post date:** [April 12, 2024, 4:22pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/270 "2024-04-12T16:22:15Z")
Trump is the epitome of failing up. ---
**Author:** ![Gyrate](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gyrate/32/3588_2.png) [@Gyrate](https://boards.straightdope.com/u/Gyrate)\ **Post date:** [April 12, 2024, 4:39pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/271 "2024-04-12T16:39:38Z")
> [@BeepKillBeep](#): > > Yeah. I agree. He’ll get millions out of it, which seems profoundly unfair but we do not live in a fair world where only the worthy succeed. He’ll get millions out of it which will promptly be seized by the courts, at this rate. ---
**Author:** ![Machine\_Elf](https://avatars.discourse-cdn.com/v4/letter/m/82dd89/32.png) [@Machine\_Elf](https://boards.straightdope.com/u/Machine_Elf)\ **Post date:** [April 12, 2024, 5:17pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/272 "2024-04-12T17:17:47Z")
> [@Dinsdale](#): > > I find it amazing that that would be so clear to you and me, yet apparently a good portion of our fellow citizens see it very differently. I find it hard getting my head around why ostensibly rational people can believe such malarky. There’s every flavor of irrationality out there; Trumpism is just one more. In the same way that flat earthers insist the earth is flat, Trump’s devotees take his goodness and righteousness as axiomatic, and any evidence or claim to the contrary will be reflexively dismissed as falsehood or conspiracy. ---
**Author:** ![Left\_Hand\_of\_Dorkness](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/left_hand_of_dorkness/32/7156_2.png) [@Left\_Hand\_of\_Dorkness](https://boards.straightdope.com/u/Left_Hand_of_Dorkness)\ **Post date:** [April 12, 2024, 6:10pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/273 "2024-04-12T18:10:31Z")
> [@Dinsdale](#): > > Today down from $34.2 to $32.1. This is the most fun I’ve ever had watching stocks! If you bought at 10:28 today, you’re making bank! It dropped to $29.74 at that point. I wonder when it’ll next hit $29.74, and when it’ll drop below that amount for the last time. ---
**Author:** ![Darren\_Garrison](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/darren_garrison/32/92_2.png) [@Darren\_Garrison](https://boards.straightdope.com/u/Darren_Garrison)\ **Post date:** [April 14, 2024, 4:03pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/274 "2024-04-14T16:03:55Z")
A song from _Avenue Q_ plays in my head as I read these. > **['Every time I buy more, the price drops more': Truth Social backers baffled...](https://www.rawstory.com/truth-social-stock-2667769478/)** > > Small-time investors who took the leap and bought stock in Trump Media & Technology Group appear to be coming to the realization that they should hang onto their day jobs as the value of shares in the company behind Truth Social spirals downward... > **[Truth Social Investors Try to Keep Hope Alive as Stock Tanks](https://www.thedailybeast.com/truth-social-investors-try-to-keep-hope-alive-as-stock-tanks)** > > But some are holding out hope that Donald Trump’s hyping of the company means better days are ahead. ---
**Author:** ![Euphonious\_Polemic](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/euphonious_polemic/32/3002_2.png) [@Euphonious\_Polemic](https://boards.straightdope.com/u/Euphonious_Polemic)\ **Post date:** [April 14, 2024, 4:32pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/275 "2024-04-14T16:32:20Z")
The thing is, when these poor twits lose all of their retirement funds, who do you think they are going to blame? Not Trump, that’s for damn sure. ---
**Author:** ![ParallelLines](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/parallellines/32/3575_2.png) [@ParallelLines](https://boards.straightdope.com/u/ParallelLines)\ **Post date:** [April 14, 2024, 4:46pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/276 "2024-04-14T16:46:02Z")
Oh, a few _may_. Especially if the parties involved in the Pump and Dump are ever proven to have deliberately planned to defraud investors. Which, well, may be harder than usual. I mean yeah, they sure seemed to be giving every sign that this was nothing more than a method to enrich the core by wiping out the wealthy of the secondary investors, but they weren’t exactly HIDING how sketchy the prospects were. It’s on the level of the old “Commemorative Plate” commercials where they said “similar releases have increased in value” but even the spokesperson/voice-over doesn’t sound like they believe it. ---
**Author:** ![Measure\_for\_Measure](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/measure_for_measure/32/557_2.png) [@Measure\_for\_Measure](https://boards.straightdope.com/u/Measure_for_Measure)\ **Post date:** [April 14, 2024, 7:04pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/277 "2024-04-14T19:04:24Z")
Do you want WAPO’s profile of Truth Social’s retail investors? Sure you do. Gifted article. > **[Small-time investors in Trump’s Truth Social reckon with stock collapse](https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNzEzMDY3MjAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNzE0NDQ5NTk5LCJpYXQiOjE3MTMwNjcyMDAsImp0aSI6IjA3ZmFhNWEzLTA3ZmUtNDUxOS05NTMwLTdkNTkzNmI2Mjk3YyIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS90ZWNobm9sb2d5LzIwMjQvMDQvMTQvdHJ1dGgtc29jaWFsLWludmVzdG9ycy1mYWl0aC10cnVtcC8ifQ.PdG9BfQBVldducfSOoFUjmFwJxX8BA-7IWRA9llnbOQ&itid=gfta)** > > Trump Media shareholders have voiced doubt and fury over the company’s plunging price. Some said they had invested thousands to show Trump their faith and support. None of the discussants quoted in the article should be stock picking. I shouldn’t be cutting down trees with a chainsaw and the man profiled who runs a tree removal business in Oklahoma shouldn’t have put, “Pretty much his whole nest egg”, into one stock - any stock. Never mind a company with $4 million in revenue that pays its CEO Devin Nunes $1 million salary plus a $600,000 retention bonus. Interestingly the spokesperson for DJT says the company has, “more than $200 million in the bank”. DWAC, the buyer who provided this influx of cash, had $310 million in assets at the end of Sep 2023, 5.7 million in debt and 63.8 million in liabilities, according to Yahoo finance. I’m curious about the nature of those liabilities, but I’m too lazy to pull the financial statements from Edgar over at the SEC. At any rate, the $300M cash pile is dwindling faster than I previously understood. > [@Euphonious\_Polemic](#): > > The thing is, when these poor twits lose all of their retirement funds, who do you think they are going to blame? > > Not Trump, that’s for damn sure. Liberals and the deep state, judging from my link. ---
**Author:** ![LSLGuy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/lslguy/32/5813_2.png) [@LSLGuy](https://boards.straightdope.com/u/LSLGuy)\ **Post date:** [April 14, 2024, 7:07pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/278 "2024-04-14T19:07:59Z")
Poor Mr. Tree Feller ought to have bought Powerball tickets instead. Better ROI and less variance of return. And less corruption; much less corruption. ---
**Author:** ![Dr\_Paprika](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dr_paprika/32/3042_2.png) [@Dr\_Paprika](https://boards.straightdope.com/u/Dr_Paprika)\ **Post date:** [April 14, 2024, 7:17pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/279 "2024-04-14T19:17:48Z")
It’s not a sound investment, like Atlantic City casinos. But Trump should do well out of it. ---
**Author:** ![Darren\_Garrison](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/darren_garrison/32/92_2.png) [@Darren\_Garrison](https://boards.straightdope.com/u/Darren_Garrison)\ **Post date:** [April 14, 2024, 7:33pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/280 "2024-04-14T19:33:00Z")
> [@Measure\_for\_Measure](#): > > Do you want WAPO’s profile of Truth Social’s retail investors? Sure you do. Gifted article. Thanks. > Another account, @realJaneBLONDE, [posted](https://truthsocial.com/@realJaneBLONDE/112230356929706270) on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks. > > “Sick of MY investment money being stolen!!” she [wrote](https://truthsocial.com/@realJaneBLONDE/112241469934702039). “They’re stealing peoples money and you’re allowing it!!” [Previous page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=13) [Next page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=15)