Here’s hoping the trend continues till delisting.
Poor Donnie.
With the stick crash, he’s fallen out of the “richest billionaires club””.
That was a crazy estimate. I woulda thought Truth Social wasn’t worth more than five billion… grains of sand.
You underestimate the value of good sand! High demand for that!
For Truth Social not so much …
Yesterday and today bumping around $36-37. Those of you who know stocks - what do you foresee? Will it stick around in the low-mid 30s, or will it drop/rise drastically?
I don’t think knowing anything about stocks will help with making an accurate prediction. Everyone who does know about stocks has already pointed out that this makes no financial sense, after seeing the revenues vs. expenses of TS. At this point, all the stock moves are being made by people who are either irrationally invested in the stock because of Trump, or by people trying to fleece those first people. As such, the value is going to ping-pong all over the place until someone loses all their shirts.
That would be my guess as well. At some point it will crater, but in the meantime idiots and dice rollers will be waiting see if it will ride a rocket to sweet, sweet profit or if they can time when it drops off a cliff. Prices will bounce around a bit based on absolutely nothing.
Is that what typically happens with meme stocks?
I was under the impression that the the meme speculators get out pretty quickly. Not sure how many bet on second or third bounces and their ability to get out at the right time after the first jump/drop?
I suspect there will be a few bounces as short sellers cover positions and then low volume associated volatility on a trend mostly consistently down.
But no stock pro I.
I suppose it would depend on the meme, and the motivation. Someday someone is going to win a Nobel prize for writing an article about the 2020s memestock wars.
Devin has it covered.
Nunes added: “We intend to take full advantage of these opportunities to make Truth Social the quintessential free-speech platform for the American people.”
https://www.theguardian.com/us-news/2024/apr/09/djt-stock-price-trump-media
Amazing how such a good man like Donald Trump keeps getting involved with shady characters and people of low repute. Surely he needs better advisors!
Someone pointed out upthread that shorting a stock requires the ability to borrow shares and that usually these shares are borrowed from institutional investors, which there really aren’t in this case.
Despite that, it’s still the most shorted stock on the market.
This. It’s a hugely volatile stock, and no predictions can tell you what it will sell for one day to the next.
This is not a stock to buy. This is a stock to lay down and avoid.
Like a fine Australian table wine?
It’s an investment for those keen on regurgitation.
I heard on a political podcast (that I wasn’t paying too much attention to) that a number of initial investors were given a huge discount on stock before it went public. I think they said something like only paying 15 cents on the dollar? And many the shares out now are from these investors who are making a killing, even if the prices drop.
Any truth to this?
Isn’t that how it always works, at least for typical pre-IPO shares? They’re acquired at a deep discount from the eventual IPO price.
I love this place. 
That’s my impression, as well, but is that a typical percentage? The talking heads were suggesting that this was a deeper discount than normal, but they are political people, not those giving investing advice.