# 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:** 9
**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 4, 2024, 11:03am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/161 "2024-04-04T11:03:44Z")
> [@Horatius](#): > > Like, for example the bank that facilitated this deal is primarily used by porn websites. I’d nitpick that makes it sketchy, but that’s just me. I agree that as usual with Trump there’s a whole tangle of possible corruption. ---
**Author:** ![China\_Guy](https://avatars.discourse-cdn.com/v4/letter/c/779978/32.png) [@China\_Guy](https://boards.straightdope.com/u/China_Guy)\ **Post date:** [April 5, 2024, 4:45am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/162 "2024-04-05T04:45:47Z")
> [@Dewey\_Finn](#): > > Regarding the idea that this is a “meme stock”, I saw someone point out that the previous meme stocks like GameStop or AMC were ones being shorted by the pros, and that part of the goal of the r/wallstreetbets crowd was to screw over the pros. But DJT is largely owned by small-time investors, so the ones being screwed over _aren’t_ the pros. On top of that, you can’t really short DJT. To short a stock, you have to be able to borrow it from someone. In volume, that means big funds like Fidelity. Big funds won’t touch DJT with a 10 foot chopstick, so there is virtually [no stock available to borrow with which to short](https://www.msn.com/en-us/money/savingandinvesting/djt-stock-edges-up-why-trump-media-resists-short-selling-pressure/ar-BB1l3Okc). ---
**Author:** ![Whack-a-Mole](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/whack-a-mole/32/141_2.png) [@Whack-a-Mole](https://boards.straightdope.com/u/Whack-a-Mole)\ **Post date:** [April 5, 2024, 4:48am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/163 "2024-04-05T04:48:59Z")
This guy is not a fan: > **[Trump Media is 'a scam' and people buying its stock are 'dopes,' Barry Diller...](https://www.cnbc.com/2024/04/04/trump-media-stock-is-a-scam-barry-diller-says.html)** > > Donald Trump, the presumptive Republican presidential nominee, is the biggest shareholder in Trump Media, the owner of the Truth Social app he often uses. > “I mean, it’s ridiculous,” Diller said on CNBC’s “Squawk Box” when asked about Trump Media. “The company has no revenue.” > > “It’s a scam, just like everything he’s ever been involved in is some sort of con,” he said of Trump. > > \< snip \> > > “I think they’re dopes,” Diller said when asked why people are buying the company’s stock. > > “I mean, who would buy a company that literally, what does it have, $30 of revenue? Who could put a value on that?” Diller asked. Another guy says Truth Social had $4 million in revenue. Diller seems unimpressed. ---
**Author:** ![OldOlds](https://avatars.discourse-cdn.com/v4/letter/o/a3d4f5/32.png) [@OldOlds](https://boards.straightdope.com/u/OldOlds)\ **Post date:** [April 5, 2024, 7:28pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/164 "2024-04-05T19:28:21Z")
Well, it’s down 13% today. For our resident financial analysts, is there anything to stop Trump from dumping all his shares the first day eligible? I know it would be disastrous to the price of the stock, but could he just go scorched earth and liquidate? ---
**Author:** ![Dinsdale](https://avatars.discourse-cdn.com/v4/letter/d/97f17d/32.png) [@Dinsdale](https://boards.straightdope.com/u/Dinsdale)\ **Post date:** [April 5, 2024, 7:28pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/165 "2024-04-05T19:28:54Z")
I LOVE checking in periodically and seeing it slide. From a high of $66.22 on 3/27, it has been pretty steady downhill slope since then, to a present $40.03. Still plenty lower it can go - fingers crossed! From $36.94 on 3/22 it went up for 4 consecutive days to a high of $66.22. Since then, down 5 out of 6 days. How low can it go! ---
**Author:** ![Stratocaster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stratocaster/32/16393_2.png) [@Stratocaster](https://boards.straightdope.com/u/Stratocaster)\ **Post date:** [April 5, 2024, 7:30pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/166 "2024-04-05T19:30:57Z")
> [@OldOlds](#): > > For our resident financial analysts, is there anything to stop Trump from dumping all his shares the first day eligible? I know it would be disastrous to the price of the stock, but could he just go scorched earth and liquidate? Finding buyers could be the only obstacle. Dumping a percentage that large would likely scare them away and crater the price regardless. ---
**Author:** ![CaveMike](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/cavemike/32/16379_2.png) [@CaveMike](https://boards.straightdope.com/u/CaveMike)\ **Post date:** [April 5, 2024, 9:44pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/167 "2024-04-05T21:44:03Z")
After his blackout period he should be able to borrow against his shares. No capital gains and no price drop from dumping. Whoever loans him money might not value the collateral at full price, but it shouldn’t be worse then if he started dumping. ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [April 5, 2024, 9:54pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/168 "2024-04-05T21:54:53Z")
DJT debuted on 3/26 and the financials weren’t released until 4/1. According to this from Ring Of Fire that information should have already been in the hands of the government prior to 3/26 so why wasn’t it made public? [https://www.youtube.com/watch?v=7yA5YdlF\_Zs](https://www.youtube.com/watch?v=7yA5YdlF_Zs) ---
**Author:** ![Al128](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/al128/32/16541_2.png) [@Al128](https://boards.straightdope.com/u/Al128)\ **Post date:** [April 5, 2024, 9:55pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/169 "2024-04-05T21:55:55Z")
> [@Stratocaster](#): > > Finding buyers could be the only obstacle. Dumping a percentage that large would likely scare them away and crater the price regardless. not if you can ~~surgar~~ vaseline-coat it? _I am selling them ONLY to my truest friends and supporters (no lib’s allowed to buy) … go out tomorrow and what was once mine, can now be yours … WE ARE IN THIS TOGETHER - you and I we will be partners!!!_ ---
**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 5, 2024, 9:57pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/170 "2024-04-05T21:57:39Z")
> [@Al128](#): > > you and I we will be partners!!! "…please ignore the fact that I’m selling all my shares. " ---
**Author:** ![zbuzz](https://avatars.discourse-cdn.com/v4/letter/z/e19b73/32.png) [@zbuzz](https://boards.straightdope.com/u/zbuzz)\ **Post date:** [April 6, 2024, 2:14am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/171 "2024-04-06T02:14:15Z")
> [@Stratocaster](#): > > Dumping a percentage that large would likely scare them away and crater the price regardless. If he sells after he wins the election (shudder) and publicly announces an agreement that he will keep TS as his primary social media platform for an extended period (and who knows, even signs a presidential oder that all federal government social media accounts move to TS if that can happen), I bet it wouldn’t burn the stock too badly (unfortunately). ---
**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:** [April 6, 2024, 3:56am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/172 "2024-04-06T03:56:25Z")
> [@Dinsdale](#): > > How low can it go! I think it would get possibly delisted if it hits under a dollar for some period of time? Looking forward to finding out if so! Seriously, the MAGA supporters already piled in right away. There will be a few who double down as it drops. Some who will hold on to a major loss position. And short sellers covering their positions. But I suspect it will become thinly traded stock pretty soon, valued as little for collateral, and hard to off load any reasonably sized position. ---
**Author:** ![Stratocaster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stratocaster/32/16393_2.png) [@Stratocaster](https://boards.straightdope.com/u/Stratocaster)\ **Post date:** [April 6, 2024, 9:50am UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/173 "2024-04-06T09:50:16Z")
> [@zbuzz](#): > > If he sells after he wins the election (shudder) and publicly announces an agreement that he will keep TS as his primary social media platform for an extended period (and who knows, even signs a presidential oder that all federal government social media accounts move to TS if that can happen), I bet it wouldn’t burn the stock too badly (unfortunately). The guy’s 78 and in horrible shape. If anyone’s investing longer term because Trump’s “magic” will send the platform soaring, he gets what he deserves. ---
**Author:** ![DavidNRockies](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/davidnrockies/32/6279_2.png) [@DavidNRockies](https://boards.straightdope.com/u/DavidNRockies)\ **Post date:** [April 6, 2024, 6:16pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/174 "2024-04-06T18:16:41Z")
Did Trump cross an SEC line … between pedestrian puffery and “Employment of manipulative and deceptive devices?” Could you _even imagine?_ > **[Donald Trump’s Big Mouth Could Cost Him Even More on Truth Social](https://finance.yahoo.com/news/trump-rant-truth-social-may-144816989.html)** > > Did Donald Trump violate SEC rules? > [@](#): > > After a rough week for his new social media venture, Trump Media & Technology Group, or TMTG, the former president ranted on his Truth Social account Thursday about how great the platform is doing—at least, in his opinion. But Trump may have broken some Securities and Exchange Commission rules in the process. > > SEC laws prohibit the use of “manipulative and deceptive devices” to pump up stocks. Trump’s bragging in the face of heavy losses by his company could fall under that category, Trump critic George Conway tweeted Thursday afternoon. ---
**Author:** ![What\_Exit](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/what_exit/32/10652_2.png) [@What\_Exit](https://boards.straightdope.com/u/What_Exit)\ **Post date:** [April 6, 2024, 6:24pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/175 "2024-04-06T18:24:27Z")
I think within 2 weeks in may be down in the $20s. ---
**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:** [April 6, 2024, 7:00pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/176 "2024-04-06T19:00:47Z")
By the time the six months are up it may be delisted as a penny stock. ---
**Author:** ![Whack-a-Mole](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/whack-a-mole/32/141_2.png) [@Whack-a-Mole](https://boards.straightdope.com/u/Whack-a-Mole)\ **Post date:** [April 6, 2024, 7:18pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/177 "2024-04-06T19:18:04Z")
> [@Dinsdale](#): > > How low can it go! Apparently so many want to short the stock that the fees paid to borrow stock to do so have skyrocketed: > **[Why shorting Trump’s DJT stock could cost you a 500% fee](https://finance.yahoo.com/news/why-shorting-trump-djt-stock-175000212.html)** > > Shares of Trump Media Technology Group Corp. have fallen since they began trading last week with former President Donald Trump’s initials as the ticker — but don’t blame short sellers for any further weakness. > “There is very little stock available to borrow to support new short selling — less than 50,000 shares — and with demand to short this stock extremely high, we are seeing stock-borrow rates at 500% to 600% fee levels,” Dusaniwsky told MarketWatch on Tuesday. ---
**Author:** ![wguy123](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wguy123/32/3161_2.png) [@wguy123](https://boards.straightdope.com/u/wguy123)\ **Post date:** [April 8, 2024, 4:08pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/178 "2024-04-08T16:08:25Z")
It is currently about $5 down today. I think we are finding it wasn’t worth $6B. Please raise your hand if you are shocked to learn this? ---
**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:** [April 8, 2024, 4:43pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/179 "2024-04-08T16:43:30Z")
> [@Dinsdale](#): > > From $36.94 on 3/22 it went up for 4 consecutive days to a high of $66.22. Since then, down 5 out of 6 days. How low can it go! Currently going lower than that $36.94 price (around $36.20 at the moment). ---
**Author:** ![Dinsdale](https://avatars.discourse-cdn.com/v4/letter/d/97f17d/32.png) [@Dinsdale](https://boards.straightdope.com/u/Dinsdale)\ **Post date:** [April 8, 2024, 5:24pm UTC](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/180 "2024-04-08T17:24:54Z")
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