# 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:** 28
**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:** [August 13, 2024, 2:26pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/541 "2024-08-13T14:26:47Z")
Stock price already down over 5% for the day and it’s only an hour and a half in. Not sure if this is Twitter-related or just a continuation of a recent downward trend. ---
**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:** [August 13, 2024, 2:58pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/542 "2024-08-13T14:58:46Z")
There’s no legitimate reason to be at it’s current lofty levels. It’s like a DotCom era stock, it’s value is in the ether. It has no product, no profits, and exists as grift for the benefit of its officers and Trump - potentially. Regarding product: Trump blovations have a limited cult audience. Advertising is the same repetitions as seen on Fox, Newsmax, and numerous Reich-wing podcasts; prepper crap, gold!!!, pillows, and other semi-legitamite stuff that might appeal to low information voters - you know, morons. ---
**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:** [August 13, 2024, 3:02pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/543 "2024-08-13T15:02:18Z")
> [@smithsb](#): > > legitamite Now that’s an invention we need! _Legitamite_: noun. A manmade substance that explodes nonsense and replaces it with actual facts and sound reasoning. ---
**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:** [August 13, 2024, 3:20pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/544 "2024-08-13T15:20:16Z")
> [@LSLGuy](#): > > _Legitamite_: noun. A manmade substance that explodes nonsense and replaces it with actual facts and sound reasoning. As long as it tastes good on crackers, I’m in. ---
**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:** [August 13, 2024, 4:07pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/545 "2024-08-13T16:07:08Z")
I blam my phokin’ fone and phfat phlingers. ---
**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:** [August 13, 2024, 6:30pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/546 "2024-08-13T18:30:12Z")
Eh, perceptions differ, in the long run, you may well be correct, but I don’t think either of us would honestly expect any such restrictions to be be actually enforced if Trump didn’t want too. So, as you said, we agree 100% that the contract, whether well or poorly written isn’t worth squat. However, unless Trump chokes to death on a hamberder sooner, we are more likely than not to find out the answers within less than a year! Empirical data FTW! ---
**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:** [August 16, 2024, 10:10pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/547 "2024-08-16T22:10:02Z")
DJT down another 2% today to $23.06 Down 12% on the week. Down 56% in the past 3 months. ---
**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:** [August 16, 2024, 10:11pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/548 "2024-08-16T22:11:54Z")
I wonder if it’s penetrating to investors that Trump is deteriorating rapidly? ---
**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:** [August 16, 2024, 10:15pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/549 "2024-08-16T22:15:06Z")
I think now that Trump is buddy-buddy with Musk, it’s dawning on them that Truth Social is a valueless broken toy that Trump is about to discard. ---
**Author:** ![Procrustus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/procrustus/32/2994_2.png) [@Procrustus](https://boards.straightdope.com/u/Procrustus)\ **Post date:** [August 16, 2024, 10:16pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/550 "2024-08-16T22:16:02Z")
> [@Euphonious\_Polemic](#): > > I think now that Trump is buddy-buddy with Musk, it’s dawning on them that Truth Social is a valueless broken toy that Trump is about to discard . Right. If this platform was a real thing, Musk could have been a guest on Truth Social for the evening. ---
**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:** [August 16, 2024, 11:52pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/551 "2024-08-16T23:52:33Z")
What would be funny, although we’ll never know, is had they done the interview on TS they may have had fewer tech issues. ---
**Author:** ![Elmer\_J.Fudd](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/elmer_j.fudd/32/1211_2.png) [@Elmer\_J.Fudd](https://boards.straightdope.com/u/Elmer_J.Fudd)\ **Post date:** [August 17, 2024, 1:03am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/552 "2024-08-17T01:03:19Z")
> [@LSLGuy](#): > > had they done the interview on TS they may have had fewer tech issues . …and an audience with zero undecided voters. ---
**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:** [August 17, 2024, 1:18am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/553 "2024-08-17T01:18:47Z")
As opposed to the-service-formerly-known-as-twitter where the audience was what, 3, undecided voters? ---
**Author:** ![Elmer\_J.Fudd](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/elmer_j.fudd/32/1211_2.png) [@Elmer\_J.Fudd](https://boards.straightdope.com/u/Elmer_J.Fudd)\ **Post date:** [August 17, 2024, 1:22am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/554 "2024-08-17T01:22:58Z")
Twitter has millions of users who haven’t even been paying attention to the election. TS is 100% political content. ---
**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:** [August 17, 2024, 1:25am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/555 "2024-08-17T01:25:11Z")
And if they don’t actively seek out that particular event / channel / broadcast / whatever it was, they will know of it how or why? IMO it’ll get spewed into the ether with none of that audience ever noticing. ---
**Author:** ![Elmer\_J.Fudd](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/elmer_j.fudd/32/1211_2.png) [@Elmer\_J.Fudd](https://boards.straightdope.com/u/Elmer_J.Fudd)\ **Post date:** [August 17, 2024, 1:28am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/556 "2024-08-17T01:28:12Z")
Elmo draws some of that contingent as does the constant reminders of what’s trending. I’m not saying they succeeded but that pond is immensely better stocked with potential new votes than that over on TS. ---
**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:** [August 17, 2024, 10:57am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/557 "2024-08-17T10:57:14Z")
True. I was being a bit too hyperbolic and you were being quite literal. It still baffles me that anyone other than racist totalitarian-wannabe wackos aren’t boycotting X. ---
**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:** [August 19, 2024, 2:08pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/558 "2024-08-19T14:08:03Z")
It just dipped below its low point from April 16th. [https://i.postimg.cc/FsdD6MCt/Screenshot-20240819-100431.jpg](https://i.postimg.cc/FsdD6MCt/Screenshot-20240819-100431.jpg) ---
**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:** [August 19, 2024, 4:05pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/559 "2024-08-19T16:05:25Z")
Very curious to see from here. Again I think this was a resistance point and dropping more quickly often follows. We will see! ---
**Author:** ![Chingon](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/chingon/32/17645_2.png) [@Chingon](https://boards.straightdope.com/u/Chingon)\ **Post date:** [August 19, 2024, 4:56pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/560 "2024-08-19T16:56:49Z")
I wonder at what point Musk uses X to buy out Truth Social as a way to pump a ton of money into Trump. It provides a fig leaf of propriety. [Previous page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=27) [Next page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=29)