# 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:** 49
**Author:** ![Pardel-Lux](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pardel-lux/32/20182_2.png) [@Pardel-Lux](https://boards.straightdope.com/u/Pardel-Lux)\ **Post date:** [April 2, 2025, 10:25pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/961 "2025-04-02T22:25:30Z")
> [@hajario](#): > > I’m not sure what that tells us. I asked what that tells us with respect to the 6.2 million trades in DJT whithin 90 minutes, and I still wonder what that means. Some algotrading going on but to what purpose? How was it programmed, with what parameters? IDK. Note to self: Worth keeping in the back of my mind. Now concerning what does it mean that newsmax went up 2500% and down again in three days tells me that I am living in a time where this is possible. Potilical orientation can move markets easier than before and fraudsters are able to take advantage of it. That was not so blatant not such a long time ago. It feels like bad news to me. A technical question: When I quoted > [@Pardel-Lux](#): > > The company filed a notification with the US Securities and Exchange Commission (SEC) on Wednesday, according to which it is offering a total of 142 million shares that means the company notified the intention, and now will proceed to do it, ie sell the shares. They don’t need approval. It is not like a M&A procedure when a monopoly or market dominant possition would be investigated? They are not talking of selling in bulk to a state held fund from, IDK, Catar or Saudi Arabia or something? Would a sale in bulk to one single buyer require approval from the SEC? ---
**Author:** ![hajario](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hajario/32/171_2.png) [@hajario](https://boards.straightdope.com/u/hajario)\ **Post date:** [April 2, 2025, 11:34pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/962 "2025-04-02T23:34:33Z")
My uneducated guess is people who had shares prior to the IPO cashing out. ---
**Author:** ![Pardel-Lux](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pardel-lux/32/20182_2.png) [@Pardel-Lux](https://boards.straightdope.com/u/Pardel-Lux)\ **Post date:** [April 3, 2025, 7:47am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/963 "2025-04-03T07:47:45Z")
I get the cashing out, what surprises me is the previous 2,500% rise. ---
**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:** [April 8, 2025, 8:39pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/964 "2025-04-08T20:39:40Z")
> [@Darren\_Garrison](#): > > After hours trading is currently on the Great Fire of London. I noticed that the stock closed on the Great Fire of London again today. But it is currently 9 years earlier in after hours, which puts it at the Great Fire of Meireki. > **[Great Fire of Meireki](https://en.wikipedia.org/wiki/Great_Fire_of_Meireki)** > > The Great Fire of Meireki (明暦の大火, Meireki no taika), also known as the Great Furisode Fire, destroyed 60–70% of Edo (now Tokyo), the then de facto capital city of Japan, on 2 March 1657, the third year of the Meireki Era. The fire lasted for three days and, in combination with a severe blizzard that quickly followed, is estimated to have killed over 100,000 people. > The fire was said to have been started accidentally by a priest who was cremating an allegedly cursed furisode kimono that had bee... ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [July 9, 2025, 4:09pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/965 "2025-07-09T16:09:57Z")
> [@Whack-a-Mole](#): > > company says Truth Social to launch TV streaming The wait is over. [https://www.reuters.com/world/us/trump-media-launches-tv-streaming-platform-with-newsmax-channel-globally-2025-07-07/](https://www.reuters.com/world/us/trump-media-launches-tv-streaming-platform-with-newsmax-channel-globally-2025-07-07/) ---
**Author:** ![Andy\_L](https://avatars.discourse-cdn.com/v4/letter/a/c67d28/32.png) [@Andy\_L](https://boards.straightdope.com/u/Andy_L)\ **Post date:** [November 14, 2025, 2:09am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/966 "2025-11-14T02:09:29Z")
Today the stock price briefly dipped below $12.00 and ended at the same low hit just after the debate with Harris ---
**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:** [November 14, 2025, 2:10am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/967 "2025-11-14T02:10:55Z")
Looks like it’s been on a steady decline since May. ---
**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:** [November 14, 2025, 3:32pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/968 "2025-11-14T15:32:46Z")
> [@Andy\_L](#): > > Today the stock price briefly dipped below $12.00 We may actually discover a use for the discontinued penny. ---
**Author:** ![Andy\_L](https://avatars.discourse-cdn.com/v4/letter/a/c67d28/32.png) [@Andy\_L](https://boards.straightdope.com/u/Andy_L)\ **Post date:** [November 14, 2025, 3:45pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/969 "2025-11-14T15:45:47Z")
Down to $11.50 at yhe moment which is the lowest its been since the first day jump after the initial offering at abou $10. ---
**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:** [November 14, 2025, 4:32pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/970 "2025-11-14T16:32:04Z")
Maybe it’s about time for the felon-in-chief to do something that spikes the price to $100 again? I would not put it past them. ---
**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:** [November 15, 2025, 12:09am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/971 "2025-11-15T00:09:33Z")
Maybe they figure they’ve squeezed enough blood from this fossilized turd and are raking so much in from crypto scams that’s it’s not worth bothering with. ---
**Author:** ![Pardel-Lux](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pardel-lux/32/20182_2.png) [@Pardel-Lux](https://boards.straightdope.com/u/Pardel-Lux)\ **Post date:** [November 15, 2025, 12:18am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/972 "2025-11-15T00:18:40Z")
It is still not easy to short it. Werid ~~shit~~ cheat. ---
**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:** [November 15, 2025, 1:14am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/973 "2025-11-15T01:14:04Z")
When it gets down to $12, the range to make money on a short gets real slim, compared to the multiple it might go up to if somebody sticks their big fat thumb on the scale hard enough. IMO the shorting opportunity closed at about $50. ---
**Author:** ![Andy\_L](https://avatars.discourse-cdn.com/v4/letter/a/c67d28/32.png) [@Andy\_L](https://boards.straightdope.com/u/Andy_L)\ **Post date:** [November 15, 2025, 1:27am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/974 "2025-11-15T01:27:35Z")
Next week we may see what happens if the price goes below the initial price ---
**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:** [November 15, 2025, 1:52am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/975 "2025-11-15T01:52:24Z")
Is there any particular reason to think that price level means anything? If anyone remains who did buy at the issue price on Day 1 they’ve had lots of chances to bail at a profit. IMO if they’re still in it, they’re holding those shares for political or corruption reasons, not financial ones. Such that crossing the issue price threshold is not meaningful to their reasons and hence won’t provoke a change in their behavior. Still, it’ll sure be perversely fun to watch DJT preside over another business failure that somehow enriched him and no one else. ---
**Author:** ![Andy\_L](https://avatars.discourse-cdn.com/v4/letter/a/c67d28/32.png) [@Andy\_L](https://boards.straightdope.com/u/Andy_L)\ **Post date:** [November 15, 2025, 4:42pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/976 "2025-11-15T16:42:33Z")
You’re right of course that it should make little difference- but there may be a psychological effect ---
**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:** [November 17, 2025, 2:11pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/977 "2025-11-17T14:11:14Z")
Still hemorrhaging money like mad: > **[DJT Stock Sinks as Earnings Reveal Sobering Reality](https://www.timothysykes.com/news/trumpmediatechnologygroupcorp-djt-news-2025_11_16/)** > > Spinoff talks slow down, causing Trump Media & Technology Group Corp. stocks to trade down by -7.81%. Latest Developments and Insights The Trump Media & Technology Group Corp. posted losses in its most recent financial report, sending shares... > [@](#): > > Trump Media & Technology Group’s recent earnings report paints a complex picture of its fiscal health. Revenues stood at merely $972,900, stark against total expenses that soared to around $42.43M. The reported EBITDA of negative $41.16M signals inefficiencies in operations, resulting in a dismal probability environment. ---
**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:** [November 17, 2025, 7:02pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/978 "2025-11-17T19:02:56Z")
Stock has dropped to around $10.50 today (but bounced back a bit). ---
**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:** [November 17, 2025, 7:07pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/979 "2025-11-17T19:07:45Z")
SPX is down ~1% on the day so far. Which explains about a dime of TS’s drop. The rest is all about TS. ---
**Author:** ![Andy\_L](https://avatars.discourse-cdn.com/v4/letter/a/c67d28/32.png) [@Andy\_L](https://boards.straightdope.com/u/Andy_L)\ **Post date:** [November 18, 2025, 2:51am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/980 "2025-11-18T02:51:41Z")
Yeah, $10.50 seemed to be the floor today - but who knows what tomorrow brings [Previous page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=48) [Next page](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202.md?page=50)