I agree with you, but is there any reason to believe that the shares will be worth even $2/share when he’s able to sell?
Trump’s ego-rich. He’s got more than enough money to satisfy all his worldly whims; at this point, additional bucks just buck up his self-esteem. Those quarter-billion dollars are just as imaginary as the six billion he thought he was going to get.
So sure: in one sense, he can make a quarter billion dollars for doing nothing. But not in any meaningful sense. When people confront him with the loss of $5 billion in wealth, will he say, “Actually I got a quarter billion for doing nothing”? Will that be the flex he might think it is?
And how will that come across to investors who lost their life savings by buying the stock he encouraged them to buy? How will that come across to others who hear that story, about those real salt-of-the-earth types?
Trump might technically profit. But politically this is going to be a disaster for him.
All the fault of the Deep State/Biden/Hunter’s Laptop
The SEC would definitely have something to say about this. So, yes, I hope he does exactly that.
I mean, yeah–but no cult lasts forever. The brutal contrast between Trump’s easy income, and the financial devastation wrought upon his followers, is going to be harder to explain than anything prior, I believe.
It’s as if Trump’s border policies were locking up the children of White Iowans in cages. When it hits your base it’s harder to ignore.
Very good points. Fingers crossed.
You would think that people would wake up sooner or later, but whatever hold he has on people seems to have survived far longer than I would have thought.
What sorts of factors would likely cause DJT to either stop its slide, or start to gain? I know folk say meme stocks are volatile and unpredictable. Just wondering if folk who pay attention to stocks can think of previous examples where stock made an initial gain, and then started to slide. Do they almost all end up in the gutter, or is it just seeking its true value?
Win the election in November.
Trump has no other plan. He is not a savvy businessman.
A realistic prospect for profitability. Facebook was overpriced at its IPO, and its share price quickly took a dive (down about 50% in the first four months), dismaying a lot of early investors who were suffering from a kind of tulip bulb mania. But Facebook was/is a viable business, so after its share price declined to something more in line with its business fundamentals, it stabilized, and has since gone way, way up as Facebook thrived.
In contrast, Truth Social lost $58M last year, and currently has quarterly revenues (that’s revenue, not profit) of about $1M. No investor with a brain is going to go anywhere near this stock.
MAGA is a civil religion with Trump as its infallible messiah figure. It doesn’t matter what awful things come out in court or in the media; his followers will continue to sing his praises no matter what he does to them.
I am pleased to announce The Truth Social Share Price Contest.
Will that be taxed as income or gains?
I know that the options I’ve had were taxed as income.
What I’d like to know is who is doing all the buying and selling. For the share price to drop, someone has to be selling it, and someone buying it, right? If no one was selling, you’d expect the price to increase as would be buyers try to entice the shareholders to sell.
So who is selling? Who bought some shares and then decided to dump them? I would have expected most individual buyers to be MAGAt types, and why would they be trying to get rid of their shares? Have they no faith in their Glorious Leader?
Or is it a revolving door of MAGAts? They buy in on the belief that Trump will make the price soar, and then sell for a loss when they see the price drop, selling to new MAGAts who are even stupider than they are?
Every day you have early MAGAs losing their nerve and fresh MAGAs just learning about this amazing opportunity.
Over at the RWNJ site I lurk, there’s a surprising number who are just now learning about DJT.
The early adopters. They were dumb enough to buy in at the outset, but smart enough to get out before the ship sinks completely.
So it’s the revolving door, then.
Good. This just means more MAGAts getting personally destroyed by Trump. Maybe that’s what it will take to end this whole mess.
DJT is plummeting nicely – down nearly another 15% today as it heads down to 20 with no end in sight. It’s a short seller’s dream stock!
It has gotten very expensive to short Truth Social. Everyone sees the direction it is going and no one wants to lose money so shorting the stock is barely profitable now (costs too much to do it…the bets are not that it is going down but rather betting on how big a loss will happen in a given timeframe and that drop needs to be REALLY big to make money).