# 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:** 19
**Author:** ![mjmartin](https://avatars.discourse-cdn.com/v4/letter/m/3d9bf3/32.png) [@mjmartin](https://boards.straightdope.com/u/mjmartin)\ **Post date:** [April 16, 2024, 5:59pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/361 "2024-04-16T17:59:44Z")
> [@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 agree with you, but is there any reason to believe that the shares will be worth even $2/share when he’s able to sell? ---
**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, 6:03pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/362 "2024-04-16T18:03:55Z")
Trump’s ego-rich. He’s got more than enough money to satisfy all his worldly whims; at this point, additional bucks just buck up his self-esteem. Those quarter-billion dollars are just as imaginary as the six billion he thought he was going to get. So sure: in one sense, he can make a quarter billion dollars for doing nothing. But not in any meaningful sense. When people confront him with the loss of $5 billion in wealth, will he say, “Actually I got a quarter billion for doing nothing”? Will that be the flex he might think it is? And how will that come across to investors who lost their life savings by buying the stock he encouraged them to buy? How will that come across to others who hear that story, about those real salt-of-the-earth types? Trump might technically profit. But politically this is going to be a disaster for 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, 6:08pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/363 "2024-04-16T18:08:20Z")
> [@Left\_Hand\_of\_Dorkness](#): > > And how will that come across to investors who lost their life savings by buying the stock he encouraged them to buy? All the fault of the Deep State/Biden/Hunter’s Laptop ---
**Author:** ![RitterSport](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rittersport/32/6326_2.png) [@RitterSport](https://boards.straightdope.com/u/RitterSport)\ **Post date:** [April 16, 2024, 6:08pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/364 "2024-04-16T18:08:47Z")
> [@Euphonious\_Polemic](#): > > 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. The SEC would definitely have something to say about this. So, yes, I hope he does exactly that. ---
**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, 6:10pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/365 "2024-04-16T18:10:09Z")
I mean, yeah–but no cult lasts forever. The brutal contrast between Trump’s easy income, and the financial devastation wrought upon his followers, is going to be harder to explain than anything prior, I believe. It’s as if Trump’s border policies were locking up the children of White Iowans in cages. When it hits your base it’s harder to ignore. ---
**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, 6:13pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/366 "2024-04-16T18:13:38Z")
Very good points. Fingers crossed. ---
**Author:** ![Dewey\_Finn](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dewey_finn/32/4222_2.png) [@Dewey\_Finn](https://boards.straightdope.com/u/Dewey_Finn)\ **Post date:** [April 16, 2024, 6:19pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/367 "2024-04-16T18:19:40Z")
> [@Left\_Hand\_of\_Dorkness](#): > > I mean, yeah–but no cult lasts forever. The brutal contrast between Trump’s easy income, and the financial devastation wrought upon his followers, is going to be harder to explain than anything prior, I believe. You would think that people would wake up sooner or later, but whatever hold he has on people seems to have survived far longer than I would have thought. ---
**Author:** ![Dinsdale](https://avatars.discourse-cdn.com/v4/letter/d/97f17d/32.png) [@Dinsdale](https://boards.straightdope.com/u/Dinsdale)\ **Post date:** [April 16, 2024, 6:21pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/368 "2024-04-16T18:21:48Z")
What sorts of factors would likely cause DJT to either stop its slide, or start to gain? I know folk say meme stocks are volatile and unpredictable. Just wondering if folk who pay attention to stocks can think of previous examples where stock made an initial gain, and then started to slide. Do they almost all end up in the gutter, or is it just seeking its true value? ---
**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, 6:23pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/369 "2024-04-16T18:23:55Z")
> [@Dinsdale](#): > > What sorts of factors would likely cause DJT to either stop its slide, or start to gain? Win the election in November. Trump has no other plan. He is not a savvy businessman. ---
**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 16, 2024, 6:29pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/370 "2024-04-16T18:29:13Z")
> [@Dinsdale](#): > > What sorts of factors would likely cause DJT to either stop its slide, or start to gain? I know folk say meme stocks are volatile and unpredictable. Just wondering if folk who pay attention to stocks can think of previous examples where stock made an initial gain, and then started to slide. Do they almost all end up in the gutter, or is it just seeking its true value? A realistic prospect for profitability. Facebook was overpriced at its IPO, and its share price quickly took a dive (down about 50% in the first four months), dismaying a lot of early investors who were suffering from a kind of tulip bulb mania. But Facebook was/is a viable business, so after its share price declined to something more in line with its business fundamentals, it stabilized, and has since gone way, way up as Facebook thrived. In contrast, Truth Social lost $58M last year, and currently has quarterly revenues (that’s revenue, not profit) of about $1M. No investor with a brain is going to go anywhere near this stock. ---
**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 16, 2024, 6:31pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/371 "2024-04-16T18:31:54Z")
> [@Dewey\_Finn](#): > > You would think that people would wake up sooner or later, but whatever hold he has on people seems to have survived far longer than I would have thought. MAGA is a **[civil religion](https://en.wikipedia.org/wiki/American_civil_religion)** with Trump as its infallible messiah figure. It doesn’t matter what awful things come out in court or in the media; his followers will continue to sing his praises no matter what he does to them. ---
**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 16, 2024, 6:32pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/372 "2024-04-16T18:32:47Z")
I am pleased to announce **The Truth Social Share Price Contest**. > [@The Truth Social Share Price Contest](https://boards.straightdope.com/t/the-truth-social-share-price-contest/1000371): > > This contest is open to Dopers until April 30, 2024. The goal is to predict when the price of any class of share of Trump’s Truth Social will fall below certain values. The difference between your guesses and the actual dates will be taken. I will mail a nice but not particularly valuable prize to the person with the lowest sum of the differences. In the event of a tie, I maintain the right to randomly choose one winner. To enter, you must predict when any share price of Truth Social will f… ---
**Author:** ![OldOlds](https://avatars.discourse-cdn.com/v4/letter/o/a3d4f5/32.png) [@OldOlds](https://boards.straightdope.com/u/OldOlds)\ **Post date:** [April 16, 2024, 6:42pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/373 "2024-04-16T18:42:09Z")
> [@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. Will that be taxed as income or gains? I know that the options I’ve had were taxed as income. ---
**Author:** ![Horatius](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/horatius/32/3572_2.png) [@Horatius](https://boards.straightdope.com/u/Horatius)\ **Post date:** [April 16, 2024, 6:45pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/374 "2024-04-16T18:45:21Z")
> [@wolfpup](#): > > 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, What I’d like to know is who is doing all the buying and selling. For the share price to drop, someone has to be selling it, and someone buying it, right? If no one was selling, you’d expect the price to increase as would be buyers try to entice the shareholders to sell. So who is selling? Who bought some shares and then decided to dump them? I would have expected most individual buyers to be MAGAt types, and why would they be trying to get rid of their shares? Have they no faith in their Glorious Leader? Or is it a revolving door of MAGAts? They buy in on the belief that Trump will make the price soar, and then sell for a loss when they see the price drop, selling to new MAGAts who are even stupider than they are? ---
**Author:** ![OldOlds](https://avatars.discourse-cdn.com/v4/letter/o/a3d4f5/32.png) [@OldOlds](https://boards.straightdope.com/u/OldOlds)\ **Post date:** [April 16, 2024, 6:48pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/375 "2024-04-16T18:48:46Z")
Every day you have early MAGAs losing their nerve and fresh MAGAs just learning about this amazing opportunity. Over at the RWNJ site I lurk, there’s a surprising number who are just now learning about DJT. ---
**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 16, 2024, 6:50pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/376 "2024-04-16T18:50:34Z")
> [@Horatius](#): > > So who is selling? Who bought some shares and then decided to dump them? I would have expected most individual buyers to be MAGAt types, and why would they be trying to get rid of their shares? Have they no faith in their Glorious Leader? The early adopters. They were dumb enough to buy in at the outset, but smart enough to get out before the ship sinks completely. ---
**Author:** ![Horatius](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/horatius/32/3572_2.png) [@Horatius](https://boards.straightdope.com/u/Horatius)\ **Post date:** [April 16, 2024, 6:51pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/377 "2024-04-16T18:51:28Z")
> [@OldOlds](#): > > and fresh MAGAs just learning about this amazing opportunity. So it’s the revolving door, then. Good. This just means more MAGAts getting _personally_ destroyed by Trump. Maybe that’s what it will take to end this whole mess. ---
**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, 7:09pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/378 "2024-04-16T19:09:43Z")
DJT is plummeting nicely – down nearly another 15% today as it heads down to 20 with no end in sight. It’s a short seller’s dream stock! ---
**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, 7:18pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/379 "2024-04-16T19:18:09Z")
> [@wolfpup](#): > > It’s a short seller’s dream stock! It has gotten very expensive to short Truth Social. Everyone sees the direction it is going and no one wants to lose money so shorting the stock is barely profitable now (costs too much to do it…the bets are not that it is going down but rather betting on how big a loss will happen in a given timeframe and that drop needs to be REALLY big to make money). ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [April 16, 2024, 7:34pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/380 "2024-04-16T19:34:24Z")
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