# 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:** 38
**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:** [September 19, 2024, 2:13pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/741 "2024-09-19T14:13:20Z")
> [@Gyrate](#): > > And tomorrow is the day Donnie can start selling. Bah. It’s today. Note to self: today is Thursday. ---
**Author:** ![dtilque](https://avatars.discourse-cdn.com/v4/letter/d/d6d6ee/32.png) [@dtilque](https://boards.straightdope.com/u/dtilque)\ **Post date:** [September 19, 2024, 2:20pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/742 "2024-09-19T14:20:26Z")
Since he’s an insider in the company, wouldn’t he have to give advance notice of any selling? If so, then the stock price should have a major drop before he can sell. ---
**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:** [September 19, 2024, 2:44pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/743 "2024-09-19T14:44:29Z")
> [@dtilque](#): > > Since he’s an insider in the company, wouldn’t he have to give advance notice of any selling? He did, by telling everyone he _wasn’t_ going to sell 😃 ---
**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:** [September 19, 2024, 3:35pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/744 "2024-09-19T15:35:14Z")
> [@Gyrate](#): > > > [@Gyrate](#): > > > > And tomorrow is the day Donnie can start selling. > > Bah. It’s today. > > Note to self: today is Thursday. Actually, market close today is when Trump’s lock-up period expires, and only if it closes above $12, which it probably will. So tomorrow is effectively when he can start selling. ---
**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:** [September 19, 2024, 3:40pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/745 "2024-09-19T15:40:46Z")
Wouldn’t it be funny if the market thought he was going to start selling in bulk tomorrow and as a result the price plummeted this afternoon, resulting in him being unable to sell tomorrow? I don’t think this is likely to happen unless he say something stupid on the subject this afternoon, but who knows… ---
**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:** [September 19, 2024, 6:03pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/746 "2024-09-19T18:03:47Z")
The only way that Trump can avoid saying something stupid is to keep his mouth shut, which he also can’t do. But maybe the stupid stuff he says today won’t have anything to do with the stock. BTW, stock is currently in free-fall, just hit $14.63, down 6.34% on the day. ---
**Author:** ![TroutMan](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/troutman/32/6721_2.png) [@TroutMan](https://boards.straightdope.com/u/TroutMan)\ **Post date:** [September 19, 2024, 7:14pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/747 "2024-09-19T19:14:52Z")
> [@dtilque](#): > > Since he’s an insider in the company, wouldn’t he have to give advance notice of any selling? If so, then the stock price should have a major drop before he can sell. No, he has to file notice within a certain time period of selling (I think 2 days?), but he doesn’t have to announce in advance. ---
**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:** [September 19, 2024, 7:20pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/748 "2024-09-19T19:20:54Z")
It’s about 1500 Eastern time now with the market still open. SPX up 1.78% on the day. DJT down 6.08%. Such winning. Such yuge winning. The yugest winningest winning ever. Daddy Fred would be so proud of all this winning. ---
**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:** [September 19, 2024, 7:22pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/749 "2024-09-19T19:22:02Z")
> [@wolfpup](#): > > BTW, stock is currently in free-fall, just hit $14.63, down 6.34% on the day. It rallied briefly after this, and is now back down to $14.65. Absolutely classic dead-cat bounce. It appears to be testing the support level of around $14.50. Should be interesting if it falls through the floor into the basement! Probably won’t happen today, but interesting things might happen tomorrow if Trump – who absolutely for sure, no way, will ever sell his stock, because he loves it so much – begins to sell his stock. ---
**Author:** ![Odesio](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/odesio/32/20003_2.png) [@Odesio](https://boards.straightdope.com/u/Odesio)\ **Post date:** [September 19, 2024, 7:34pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/750 "2024-09-19T19:34:19Z")
> [@LSLGuy](#): > > Such winning. Such yuge winning. The yugest winningest winning ever. Daddy Fred would be so proud of all this winning. In a way, yeah. Trump didn’t invest any of his own money in this. Essentially some folks just went to Donald, said they had an idea for a Trump Twitter, and gave him a bunch of shares in exchange for him being their poster child. Even if Trump just gets a few million out of the deal it’s a success for him. ---
**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:** [September 19, 2024, 7:39pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/751 "2024-09-19T19:39:39Z")
> [@Odesio](#): > > Even if Trump just gets a few million out of the deal it’s a success for him. True, but… That’s from the outsider, rational POV, and even then, we’re amazed it’s still worth anything based on any rational evaluation of it’s financials. For TRUMP though, someone stole several BILLION dollars from him, because it “should” have been worth 6+ billion USD, and now that he might only clear a few million to a few hundred million, he’s been robbed! ---
**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:** [September 19, 2024, 8:08pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/752 "2024-09-19T20:08:12Z")
> [@Darren\_Garrison](#): > > These recent prices make me think of years. We are now below the revolutionary war, possibly a few days away from the discovery of the Americas. Will we reach the signing of the Magna Carta? Today’s closing was finally pre-Columbian. Hopefully we’ll soon see the Crab Nebula supernova. ---
**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:** [September 19, 2024, 8:11pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/753 "2024-09-19T20:11:01Z")
More like a black hole implosion as so much money crosses the Schwarzchild radius and poofs out of existence. I can hardly wait. ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [September 19, 2024, 8:16pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/754 "2024-09-19T20:16:13Z")
> [@wolfpup](#): > > Absolutely classic dead-cat bounce. Looking at the 1 day chart you can almost hear the thud. ---
**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:** [September 19, 2024, 8:22pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/755 "2024-09-19T20:22:56Z")
I wonder who sells first into the bounce. ---
**Author:** ![dtilque](https://avatars.discourse-cdn.com/v4/letter/d/d6d6ee/32.png) [@dtilque](https://boards.straightdope.com/u/dtilque)\ **Post date:** [September 19, 2024, 8:27pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/756 "2024-09-19T20:27:59Z")
> [@TroutMan](#): > > No, he has to file notice within a certain time period of selling (I think 2 days?), but he doesn’t have to announce in advance. But aren’t such notices public information? ---
**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:** [September 19, 2024, 8:58pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/757 "2024-09-19T20:58:39Z")
The bounce was very short-lived. The cat is back on the ground. Closed at $14.70, near the day’s record low and setting a new closing low for the year. I love looking at the financials because they’re so beautifully representative of the Orange Imbecile’s business smarts, possibly matched only by that other Donald, surname Duck. For the last quarter ending in June, net income was a loss of $16.37 million on revenue of $836.9K. So their quoted profit margin was -1,955.79%. Winning bigly! Much more efficient than throwing over $16 million in cash into a bonfire as that would likely take longer. I wonder how Devin Nune’s plans for turning Truth Social into a first-class top-tier streaming service are going! 😃 > [@dtilque](#): > > But aren’t such notices public information? Yes, but he doesn’t have to announce **in advance**. Also, if he fails to file notice, he’s simply breaking the law, which is pretty much standard procedure with this paragon of honesty. ---
**Author:** ![Ludovic](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@Ludovic](https://boards.straightdope.com/u/Ludovic)\ **Post date:** [September 19, 2024, 9:12pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/758 "2024-09-19T21:12:42Z")
Since every accusation is a confession, I wonder if JD Vance has any good recipes for the late mammal. ---
**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:** [September 19, 2024, 9:32pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/759 "2024-09-19T21:32:40Z")
After hours and it is truly plummeting. Down more than 5 percent in an hour and a half. [![](https://i.postimg.cc/Tw0VGd82/Screenshot-20240919-173030.jpg) ](https://i.postimg.cc/Tw0VGd82/Screenshot-20240919-173030.jpg) ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [September 19, 2024, 11:50pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/760 "2024-09-19T23:50:19Z")
> [@LSLGuy](#): > > I wonder who sells first into the bounce. My guess. Whoever started it. [Previous page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=37) [Next page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=39)