# 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:** 23
**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 26, 2024, 6:24pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/441 "2024-04-26T18:24:24Z")
> [@ftg](#): > > OTOH the idea of certain wealthy folk, including foreign supporters of Trump, buying it up to funnel money to him still looks likely. I’ve been wondering the same thing. Is there any way to discover who’s buying this stock? ---
**Author:** ![Loach](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/loach/32/350_2.png) [@Loach](https://boards.straightdope.com/u/Loach)\ **Post date:** [April 26, 2024, 10:24pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/442 "2024-04-26T22:24:42Z")
He’s got over 40% of the vote and a lot of them are hardcore followers. Is it that hard to figure out? ---
**Author:** ![Love\_Rhombus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/love_rhombus/32/10694_2.png) [@Love\_Rhombus](https://boards.straightdope.com/u/Love_Rhombus)\ **Post date:** [April 30, 2024, 10:07am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/443 "2024-04-30T10:07:31Z")
Saudi oil money has to be spent somewhere. Why not on Trump? ---
**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 30, 2024, 6:10pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/444 "2024-04-30T18:10:57Z")
> [@ftg](#): > > The dilution of the other shares due to this pay out would normally result in a corresponding price drop. Instead it is now trading above the level before the earn-out. (After a small drop.) > > Apparently Trump Derangement Syndrome also applies to this stock. Well, Trump now owns 37 million more shares than he did a week ago; clearly this Business Genius truly believes in the stock! ---
**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:** [May 2, 2024, 3:05pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/445 "2024-05-02T15:05:08Z")
When you increase the number of shares, you increase the potency of all of the shares. It’s the power of homeopathy, applied to high finance. > **[Trump awarded additional $1.8 billion worth of shares in Trump Media](https://nationalpost.com/news/trump-awarded-36-million-more-trump-media-shares-worth-1-8-billion-after-hitting-price-benchmarks)** > > Trump, the presumptive Republican presidential nominee, now owns close to two-thirds of the company's outstanding shares. ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [May 2, 2024, 10:40pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/446 "2024-05-02T22:40:39Z")
> Trump is relying on an internet part-time pastor Pirate and former Congressman Devin Nunes to pump up his TRUMP MEDIA STOCK price to keep his paper fortune hovering around $4 billion dollars, as the average mom & pop investor is doomed to lose their investment when Trump sells his stock to solve his money woes. [MeidasTouch](https://www.youtube.com/watch?v=F3AbxqACClg) ---
**Author:** ![ASL\_v2.0](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/asl_v2.0/32/3525_2.png) [@ASL\_v2.0](https://boards.straightdope.com/u/ASL_v2.0)\ **Post date:** [May 2, 2024, 10:44pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/447 "2024-05-02T22:44:32Z")
So it’s the “Sound of Freedom” treatment? ---
**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:** [May 3, 2024, 3:21pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/448 "2024-05-03T15:21:37Z")
Dammit, another snag. How poor Donald Trump keep getting tied up with such unsavory con artists is beyond me! > > **[SEC shuts down Trump Media auditor over ‘massive fraud’](https://www.ft.com/content/16947980-2da2-49f3-980c-401c80cb36a9)** > > BF Borgers ran ‘sham audit mill’ whose work affects more than 1,500 corporate filings, US financial regulator says > [@](#): > > Borgers has expanded rapidly to become auditor to hundreds of small and microcap companies — including the former US president’s Trump Media & Technology Group — but the SEC said that _ **three-quarters of its audits were faulty** _. _ **Emphasis** _ mine, JT. ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [May 3, 2024, 4:57pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/449 "2024-05-03T16:57:51Z")
> [@JohnT](#): > > How poor Donald Trump keep getting tied up with such unsavory con artists is beyond me! He’s a trusting soul, who sees the good in everyone. ---
**Author:** ![EddyTeddyFreddy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/eddyteddyfreddy/32/18796_2.png) [@EddyTeddyFreddy](https://boards.straightdope.com/u/EddyTeddyFreddy)\ **Post date:** [May 3, 2024, 6:05pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/450 "2024-05-03T18:05:28Z")
I shouldn’t have read that while chewing crackers. How the heck can I clean my keyboard now? ---
**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:** [May 3, 2024, 6:56pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/451 "2024-05-03T18:56:38Z")
He knew he better call a criminal auditor … ---
**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:** [May 3, 2024, 8:28pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/452 "2024-05-03T20:28:24Z")
It still closed at $47.93. Apparently, these unconcerning developments are somehow being filtered before reaching the minds of brilliant and contrarian non-institutional investors. The mainstream institutional investors are unwisely taking a pass on the opportunity of a lifetime. Puzzling. 😕 ---
**Author:** ![Love\_Rhombus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/love_rhombus/32/10694_2.png) [@Love\_Rhombus](https://boards.straightdope.com/u/Love_Rhombus)\ **Post date:** [May 5, 2024, 10:57pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/453 "2024-05-05T22:57:11Z")
See! _Massive_ fraud! Not like that penny-ante fraud Joe Biden does all the time! Go big or go home /s ---
**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:** [May 5, 2024, 11:09pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/454 "2024-05-05T23:09:11Z")
These are many of the same fools who bought worthless **pictures** of Trump “trading cards”, not even actual cards. The stock might take longer to come crashing down than I might have expected, but crashing down it will come. Has Trump **ever** in his miserable conniving life been involved in **anything** that didn’t come crashing down, usually sooner rather than later? Being both ineffably stupid and irredeemably dishonest at the same time is almost like a superpower! 😃 ---
**Author:** ![Dr.Strangelove](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dr.strangelove/32/6613_2.png) [@Dr.Strangelove](https://boards.straightdope.com/u/Dr.Strangelove)\ **Post date:** [May 6, 2024, 12:40am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/455 "2024-05-06T00:40:32Z")
> [@wolfpup](#): > > bought worthless **pictures** of Trump “trading cards” That’s unfair. What they bought was an entry on a blockchain that said they owned the NFT rights to a URL of a picture of a Trump trading card. ---
**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:** [May 6, 2024, 12:46am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/456 "2024-05-06T00:46:09Z")
> [@Dr.Strangelove](#): > > What they bought was an entry on a blockchain that said they owned the NFT rights to a URL of a picture of a Trump trading card. Damn! I should have gotten in on **that** action! 🤣 ---
**Author:** ![Si\_Amigo](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/si_amigo/32/2877_2.png) [@Si\_Amigo](https://boards.straightdope.com/u/Si_Amigo)\ **Post date:** [May 6, 2024, 9:39am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/457 "2024-05-06T09:39:24Z")
What are the NFT going for now? Has their value held up? Might give us a data point as to where the stock will land. ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [May 7, 2024, 2:04am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/458 "2024-05-07T02:04:39Z")
Here’s one that went for between 0.010 ETH and 0.100 ETH a year ago. Search around and you can look them all up. The last transactions were a year ago because there’s no demand. > **[Trump Digital Trading Card #10 - Trump Digital Trading Cards | OpenSea](https://opensea.io/assets/matic/0x24a11e702cd90f034ea44faf1e180c0c654ac5d9/10)** > > See the official tweet below for more information about Trump Digital Trading Cards transition to the Magic Eden platform. Trump Digital Trading Card can only be viewed, not collected on OpenSea.... ---
**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:** [May 7, 2024, 9:30am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/459 "2024-05-07T09:30:10Z")
What’s the Trump NFT \<\> Beanie Baby exchange rate like? ---
**Author:** ![EddyTeddyFreddy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/eddyteddyfreddy/32/18796_2.png) [@EddyTeddyFreddy](https://boards.straightdope.com/u/EddyTeddyFreddy)\ **Post date:** [May 8, 2024, 12:48am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/460 "2024-05-08T00:48:12Z")
Dunno, but at least you can hold an actual BB, or even toss it to your pet to play with. [Previous page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=22) [Next page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=24)