# 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:** 24
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [May 10, 2024, 1:17am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/461 "2024-05-10T01:17:32Z")
Price jumped almost 6% today after they hired a NEW auditor. [https://www.cpapracticeadvisor.com/2024/05/06/semple-marchal-cooper-is-trump-medias-new-auditor/104902/](https://www.cpapracticeadvisor.com/2024/05/06/semple-marchal-cooper-is-trump-medias-new-auditor/104902/) ---
**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 10, 2024, 1:20am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/462 "2024-05-10T01:20:52Z")
> [@dougrb](#): > > Price jumped almost 6% today after they hired a NEW auditor. There really might be an opportunity here. I’ve never done short selling and never will, but the chance to buy puts on this thing when the market is getting irrationally positive on it is hard to resist! ---
**Author:** ![Dinsdale](https://avatars.discourse-cdn.com/v4/letter/d/97f17d/32.png) [@Dinsdale](https://boards.straightdope.com/u/Dinsdale)\ **Post date:** [May 10, 2024, 11:51am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/463 "2024-05-10T11:51:04Z")
Crazy! Someone coulda more than doubled their investment if they had bought while we geniuses were yukking it up a month ago! ---
**Author:** ![not\_what\_you\_d\_expect](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/not_what_you_d_expect/32/3246_2.png) [@not\_what\_you\_d\_expect](https://boards.straightdope.com/u/not_what_you_d_expect)\ **Post date:** [May 20, 2024, 11:33pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/464 "2024-05-20T23:33:32Z")
Truth Social didn’t have a very good first quarter. [ Variety ](https://x.com/Variety) [ @Variety ](https://x.com/Variety) Trump’s Social Media Company Posts Q1 Revenue of $770,500 and Net Loss of $327.6 Million ---
**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:** [May 20, 2024, 11:46pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/465 "2024-05-20T23:46:40Z")
That’s quite a difference. ---
**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 21, 2024, 12:10am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/466 "2024-05-21T00:10:24Z")
FAKE NEWS!!! (But Discourse doesn’t believe me.) ---
**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 21, 2024, 12:37am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/467 "2024-05-21T00:37:28Z")
With strong fundamentals like that, it makes complete sense the current value is $48.38… WARNING: This bargain won’t last so **we regret you cannot purchase more than 10,000 shares at this time.** ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [May 21, 2024, 1:41am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/468 "2024-05-21T01:41:19Z")
> [@Dinsdale](#): > > Someone coulda more than doubled their investment if they had bought while we geniuses were yukking it up a month ago! That’s still a fact a month and a half later. ---
**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 21, 2024, 2:36am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/469 "2024-05-21T02:36:29Z")
So what? No one really has impeccable market timing, not even the many vaunted financial institutions that are all about this sort of high-value stock. ---
**Author:** ![ftg](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ftg/32/2801_2.png) [@ftg](https://boards.straightdope.com/u/ftg)\ **Post date:** [May 30, 2024, 11:57pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/470 "2024-05-30T23:57:15Z")
The recent stock price is, as usual, baffling. Had been running around $46, inched it’s way up to around $51 over a few days, fell back to almost $45 after the verdict today and then recovered most of that later. This fall was presumably people gaming things based on expected reactions. Apparently losing a lot of money, having a lotta debt that needs shuffling around just doesn’t mean anything anymore. ---
**Author:** ![bobot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bobot/32/21622_2.png) [@bobot](https://boards.straightdope.com/u/bobot)\ **Post date:** [May 31, 2024, 12:06am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/471 "2024-05-31T00:06:21Z")
As long as there are are stupid people willing to open their own wallets for a supposed billionaire who needs their money, it won’t make sense. ---
**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 31, 2024, 12:40am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/472 "2024-05-31T00:40:51Z")
At those prices, you would be foolish not to (cough) invest (cough) significant sums. ---
**Author:** ![smithsb](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/smithsb/32/12107_2.png) [@smithsb](https://boards.straightdope.com/u/smithsb)\ **Post date:** [May 31, 2024, 1:50am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/473 "2024-05-31T01:50:23Z")
Laundered campaign contributions. When Don the Felon’s shares unlock, he’ll be unloading. Most of the money will come from dupes who bought in as part of the cult initiation. I suspect some large purchases to float the stock come with strings attached. ---
**Author:** ![BeepKillBeep](https://avatars.discourse-cdn.com/v4/letter/b/9e8a1a/32.png) [@BeepKillBeep](https://boards.straightdope.com/u/BeepKillBeep)\ **Post date:** [June 4, 2024, 1:49pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/474 "2024-06-04T13:49:41Z")
Trump will certainly be selling, but I’m not sure he’ll be able to sell billions. They’re won’t be enough buyers to sustain it. He’ll probably be able to get himself $50-200 million. Especially if it looks like his chances of winning start to weaken and hence less reasons to pre-purchase a favour. I wonder who would be dumb enough to buy a favour from Trump anyway? The guy _never_ pays back and with Secret Service detail for life, it is kind of a hassle/difficult to try to threaten him with violence if he doesn’t pay up. While obviously Secret Service protection isn’t perfect, they are good at their jobs overall. ---
**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:** [June 4, 2024, 2:04pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/475 "2024-06-04T14:04:19Z")
> [@BeepKillBeep](#): > > I wonder who would be dumb enough to buy a favour from Trump anyway? Take a lesson from the bookkeeper Trump bribed to keep his mouth shut during the hush money trial: Structure the deal so you have options of fucking over Trump if he decides to stiff you on the deal. It’s more complicated, but safer than hoping he’ll be honorable. ---
**Author:** ![2nd\_Law](https://avatars.discourse-cdn.com/v4/letter/2/f475e1/32.png) [@2nd\_Law](https://boards.straightdope.com/u/2nd_Law)\ **Post date:** [June 18, 2024, 8:40pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/476 "2024-06-18T20:40:43Z")
Wow. Down almost 10%. Today. ---
**Author:** ![ftg](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ftg/32/2801_2.png) [@ftg](https://boards.straightdope.com/u/ftg)\ **Post date:** [June 18, 2024, 10:49pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/477 "2024-06-18T22:49:15Z")
And dropped over $5 quickly in after hours trading before recovering slightly. While you shouldn’t read too much into after hours prices, the sudden drop makes one wonder what was going on. ---
**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:** [June 19, 2024, 1:15am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/478 "2024-06-19T01:15:05Z")
> [@LSLGuy](#): > > IMO @Gyrate is 100% right that the only thing breathing any price support into TS today is trump. It’s worth ~$27 (or whatever) today only because of trump and would be worth 4 cents tomorrow if trump was to die overnight. I scrolled up the thread to find the number closest to $27, and here it is from April 15th. At the time of my post, the price is back down at $27.07. ---
**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:** [June 19, 2024, 1:21am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/479 "2024-06-19T01:21:17Z")
I’d love to be on the short side of this disaster but the problem with short selling and especially with put options is having to get the timing right. It seems to have support in the high 20s which may keep it alive longer than it deserves. ---
**Author:** ![2nd\_Law](https://avatars.discourse-cdn.com/v4/letter/2/f475e1/32.png) [@2nd\_Law](https://boards.straightdope.com/u/2nd_Law)\ **Post date:** [June 19, 2024, 2:38am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/480 "2024-06-19T02:38:46Z")
[Trump Media Sinks as SEC Declaration May Dilute Existing Holders](https://finance.yahoo.com/news/trump-media-sinks-sec-declaration-210427830.html?.tsrc=fin-notif) [Previous page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=23) [Next page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=25)