# 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:** 18
**Author:** ![filmore](https://avatars.discourse-cdn.com/v4/letter/f/7993a0/32.png) [@filmore](https://boards.straightdope.com/u/filmore)\ **Post date:** [April 16, 2024, 3:55pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/341 "2024-04-16T15:55:26Z")
> [@LSLGuy](#): > > If somehow some Russian holding company takes them all at a 50% mark-up over the highest price of the last year, we’ll all know what really happened. Would it be possible to get away with a sale like that? Theoretically, I can imagine Trump placing a 10M share sell order at $70 when the stock is at $10 and then the Russian holding company placing a buy order for 10M shares, but I don’t think that would work in real life. I would guess that other sellers would put their shares for sale at some price between $10 and $70. The Russian holding company would need to buy up all the shares offered for sale between $10 and $70 to get to Trump’s shares. And then if such a sale were to take place, wouldn’t it be pretty obvious that’s what happened and resulting investigations would ensue? ---
**Author:** ![Cheesesteak](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/cheesesteak/32/3694_2.png) [@Cheesesteak](https://boards.straightdope.com/u/Cheesesteak)\ **Post date:** [April 16, 2024, 3:55pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/342 "2024-04-16T15:55:44Z")
> [@LSLGuy](#): > > In this case the institutions are giving it a near-total pass. This is the bit that’s interesting. 29% of the stock is available and the institutions who best understand the stock market aren’t buying any of it. ---
**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 16, 2024, 4:07pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/343 "2024-04-16T16:07:21Z")
Sounds like Twuuthy social is going to branch out into TV Streaming. This announcement certainly helped the stock today. \< s \> Business and TV streaming expert says: > Devin Nunes, CEO of TMTG, said: “We’re excited to move forward with the next big phase for Truth Social. With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services. I read that as “We’ll be pushing crap that no other streaming service will touch because it’s absolute shite.” ---
**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 16, 2024, 4:08pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/344 "2024-04-16T16:08:28Z")
They have updated the headline to 10% > Trump Media shares fall more than 10%, company says Truth Social to launch TV streaming ---
**Author:** ![wolfpup](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wolfpup/32/10618_2.png) [@wolfpup](https://boards.straightdope.com/u/wolfpup)\ **Post date:** [April 16, 2024, 4:09pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/345 "2024-04-16T16:09:07Z")
> [@Dewey\_Finn](#): > > Those established stocks are all held as part of index and other mutual funds. Certainly not “all”, and probably not even close, as blue chips are a major part of institutional portfolios. What those numbers are telling us is that the majority of shares were issued to Trump and his cronies, the balance were purchased by individuals, presumably MAGA acolytes who are now losing their shirts, and institutional investors understandably have no interest. I’m wondering if even that tiny 1% is mostly an artifact, perhaps due to closing out short positions. ---
**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 16, 2024, 4:09pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/346 "2024-04-16T16:09:44Z")
> [@Left\_Hand\_of\_Dorkness](#): > > Snark’s not called for here Quite right. That was inappropriate, uncharitable, and stupid of me. I apologize; it won’t happen again. As to a better list, I’m not much on chasing the latest start-ups. I expect we have people here who know how to do that. ---
**Author:** ![wolfpup](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wolfpup/32/10618_2.png) [@wolfpup](https://boards.straightdope.com/u/wolfpup)\ **Post date:** [April 16, 2024, 4:25pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/347 "2024-04-16T16:25:23Z")
> [@Whack-a-Mole](#): > > They have updated the headline to 10% > > > Trump Media shares fall more than 10%, company says Truth Social to launch TV streaming Translation: “Trump Media shares took another dive after the company announced that it would increase the rate at which it was hemmorhaging money.” 🤣 ---
**Author:** ![DavidNRockies](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidnrockies/32/6279_2.png) [@DavidNRockies](https://boards.straightdope.com/u/DavidNRockies)\ **Post date:** [April 16, 2024, 4:30pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/348 "2024-04-16T16:30:48Z")
They can have my [**NRA TV**](https://en.wikipedia.org/wiki/NRATV) when they can pry that .45ACP-replica remote control from my cold, dead hand. ---
**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 16, 2024, 4:47pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/349 "2024-04-16T16:47:38Z")
> [@wolfpup](#): > > Translation: “Trump Media shares took another dive after the company announced that it would increase the rate at which it was hemmorhaging money.” Right, as I was about to point out (before reading your post) the infrastructure for running a video streaming service is a lot more expensive than for short text messages. And there are already too many streaming services, including attempts at right-wing ones from Mike Lindell, Ben Shapiro, and even supposed to be one on the way from Tucker Carlson. A streaming service will make Truth Social dream of the Good Old Days of losing only 50 million a year. ---
**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 16, 2024, 4:58pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/350 "2024-04-16T16:58:31Z")
> [@What\_Exit](#): > > So it didn’t even need a full 2 weeks. > > I think within 2 weeks in may be down in the $20s. Looks like it will go below $20 today or tomorrow. ---
**Author:** ![DavidNRockies](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidnrockies/32/6279_2.png) [@DavidNRockies](https://boards.straightdope.com/u/DavidNRockies)\ **Post date:** [April 16, 2024, 5:01pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/351 "2024-04-16T17:01:55Z")
It just dipped UNDER $23. ---
**Author:** ![filmore](https://avatars.discourse-cdn.com/v4/letter/f/7993a0/32.png) [@filmore](https://boards.straightdope.com/u/filmore)\ **Post date:** [April 16, 2024, 5:12pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/352 "2024-04-16T17:12:41Z")
> [@Euphonious\_Polemic](#): > > I read that as “We’ll be pushing crap that no other streaming service will touch because it’s absolute shite.” It turns out there was a typo in their announcement. It should have been _steaming_ content, not streaming content. 😉 ---
**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 16, 2024, 5:27pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/353 "2024-04-16T17:27:55Z")
Which means that folks who bought it immediately after the merger have lost almost 2/3 of their value – a hair more than 65%, from the height of $66.22 on March 27. Quite a rollercoaster for three weeks’ of investment. > [@LSLGuy](#): > > Quite right. That was inappropriate, uncharitable, and stupid of me. I apologize; it won’t happen again. Thanks, and no worries–it’s barely possible that I’ve been snarkier than called for on the rare occasion myself. ---
**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 16, 2024, 5:28pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/354 "2024-04-16T17:28:32Z")
> [@Darren\_Garrison](#): > > A streaming service will make Truth Social dream of the Good Old Days of losing only 50 million a year. It’s like they are _trying_ to lose as much money as fast as possible. Someone should check if there is a guy named Brewster involved, and he’s hoping to cash in on an inheritance. ---
**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 16, 2024, 5:32pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/355 "2024-04-16T17:32:32Z")
> [@Euphonious\_Polemic](#): > > It’s like they are _trying_ to lose as much money as fast as possible. Which makes one wonder if there is a scheme afoot so the likes of Trump can “buy” the company cheaply and then hope to cash in later? Or, it’s all just a disaster (more likely I think). ---
**Author:** ![Great\_Antibob](https://avatars.discourse-cdn.com/v4/letter/g/e47c2d/32.png) [@Great\_Antibob](https://boards.straightdope.com/u/Great_Antibob)\ **Post date:** [April 16, 2024, 5:40pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/356 "2024-04-16T17:40:33Z")
He already owns a vast majority of the stock - they literally gave it away to him. It’s hard to ‘buy’ for less than $0. And, yes, he’s very likely hoping to cash in (or rather, cash out). But unfortunately for him, he’s not allowed to do so for another 5+ months. ---
**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 16, 2024, 5:43pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/357 "2024-04-16T17:43:13Z")
The thing is… he has 114 million shares that cost him **_nothing whatsoever_.** When he’s able, he could sell them all at an average price of $2/share and still walk away with $228 million in pure profit. For doing nothing except post unhinged rants while sitting on the toilet. I’d take that kind of payout. ---
**Author:** ![Pardel-Lux](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pardel-lux/32/20182_2.png) [@Pardel-Lux](https://boards.straightdope.com/u/Pardel-Lux)\ **Post date:** [April 16, 2024, 5:44pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/358 "2024-04-16T17:44:57Z")
So as per today (22,9499 USD, -13,75 % -3,6601 USD and still falling) DJT Stock is not worth $6 Billion, but $2 Billion at most, of which $1.2 Billion are held by one Individual and two Corinthians that are not allowed to sell. It is really a pity that there are no put options on DJT stock to be purchased in European markets, at least none that I can find. But just watching is fun too. ---
**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 16, 2024, 5:49pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/359 "2024-04-16T17:49:42Z")
> [@Euphonious\_Polemic](#): > > The thing is… he has 114 million shares that cost him **_nothing whatsoever_.** When he’s able, he could sell them all at an average price of $2/share and still walk away with $228 million in pure profit. For doing nothing except post unhinged rants while sitting on the toilet. > > I’d take that kind of payout. True, but from the POV of Trump he “earned” it all, and more, he earned it all at the full price. To you or I, getting $228 million for nothing is huge. For him, he probably feels is/will be “cheated” out of several BILLION dollars. Which says a lot about him. 😉 ---
**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 16, 2024, 5:56pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/360 "2024-04-16T17:56:55Z")
True, but he’s not going to sit there holding a stock that is plummeting in value. He’s going to sell as fast as he can to wring the most out of this worthless asset, while still promoting it to the rubes. [Previous page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=17) [Next page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=19)