Stock price has been dropping sharply over the last few days.
It spiked up to just above 40 on July 15 for some reason, and has been sliding downward ever since. Currently below 28.
ETA: Guessing it was the shooting on the 13th that caused the spike.
Assuming that was an honest question: the 15th was the first trading day after the assassination attempt (which occurred on Saturday the 13th), as well as being the day that Trump announced that JD Vance would be his running mate.
It was an honest question; I just forgot the timing of the assassination attempt at first.
But it does illustrate how much the stock is tied to Trump himself. If he dies or goes to jail, the stock price is going down the toilet.
Even losing the election (or trailing) would tank the price. Of course, losing the election should equal “goes to jail.”
The fact that the market is beating up on the company now that he is more likely to lose suggests the market was expecting the company to corruptly benefit from a Trump presidency.
Trump Media’s stock price fell 5.36% today.
But the Dow Jones overall had a yuge decline, because fear.
Pffile, I was up $300 bucks. I r a stable genius.
I agree trump is utterly corrupt and if somehow he could force the entire federal bureacracy to use TS as an official communications medium and pay him personally e.g. $5 for each individual message sent he sure would. In a New York minute (AKA a standard millisecond).
But TS would gain greatly as a business if trump is elected and then simply used it as his daily hourly official screed-publishing system. It’d gain lots more followers, and the advertising revenue would naturally follow. Not because trump is corrupt, but because trump, like any other “influencer”, attracts eyeballs which attracts advertisers.
Except that anything he posts there I can expect the mainstream press to report on. So even without accessing Truth Social, I can be aware of anything important.
That DJT Media and the stock fell the same day is actually contrary to what I would expect. I.e., the stock market dropping a lot would help Trump, therefore his chances of winning go up, therefore DJT Media would go up.
Checking …
And it’s back up to where it was a few days ago. Because … reasons.
I’m going to assume the next possible big change could happen when Trump is allowed to cash out. If he holds there won’t be much change. If he dumps the bottom will fall out.
Other than that I’m also going to assume between now and the election there will be ups and downs but nothing dramatic.
Wonder what will happen now that Trump has moved back to X/Twitter? My guess is the huge amount of “love” he will get on X compared to Truth will end his posting on Truth. Maybe not, but can he resist all the users on X?
Posting on a platform that directly competes with his platform is probably just going to open up lawsuits from DJT stockholders who likely have a valid complaint.
I wonder if the “interview” with Elon Musk and Trump starting to post on Twitter once again were a deal between the two.
“Trump” hasn’t moved back to Twitter. One of his staffers is posting under his name. Compare and contrast;
IIRC the non-compete was only for a year, since passed, and even then, it was to post on TS first, not exclusively.
Plus, until Trump sells off, my understanding is that he and his cronies have more than enough stockholders to quiet any rebellion.
Finally, the only “honest” shareholders are probably only holding a few shares, the smart money is on all the major shareholders left are trying to find the best time to sell off to the next waves of newbs before the final tanking. Or they’re gambling that Trump will win and that will spike the value of the shares, so THEN they can sell off.
All the information shared in thread to date show zero possibility of legitimate profitability, and thus no legitimate reason to invest in TS other than as a way to funnel funds to Trump.
I read a New York Times article today that stated he’s contractually obligated to post to TS first, meaning —seemingly— the TS-first agreement is a stipulation that is still currently in effect. But I don’t know if that reporter’s information is up to date, or if they were just under the assumption that agreement is still in effect.
The article also mentioned that posts about his campaign or politics don’t apply to the TS-first agreement, so ostensibly those kinds of posts can go straight to X first. I think that was the first I had heard of such a carve out under that agreement.
Digging up, I found this:
So with the exceptions of Political advertising, fundraising and the like, Trump has to give TS a whopping 6 hours (not days, hours) head-start before posting to Xitter. But what amuses me is the following snippet:
“Unless notice is given, the TMTG Social Media Exclusivity Term extends in perpetuity for additional 180-day terms,” the SEC filing notes. However, Trump could choose to suspend the exclusivity arrangement due to unforeseen circumstances; for instance, if Apple decides to remove Truth Social from the iOS App Store.
Unless notice is given. I mean, what is that worth. Not to mention “unforeseen circumstances,” that’s some serious weasel-words we’re talking about. Since Trump and cronies own the business, I’m pretty sure that means that if they want to, they can say “Welp, things have changed” and the minor stockholders can pound sand.
Again, I don’t expect this to happen UNTIL Trump cashes in his stocks at the earliest.
Several thoughts.
6 hours is an eternity in social media time. An auto-renewing 180-day restriction is very standard business terms for any ongoing arrangement that the parties may wish to end some day. As is a force majeure clause.
I agree 100% that DJT & company are pirates and any deal signed with them isn’t worth the bits it took to represent. But I hardly think the exclusivity agreement is the sort of smoking gun, or flimsy fig leaf, you seem to think it is.
If there’s a hole anywhere it’s that 100% of what trump does can be defined as “political” and therefore exempt from the agreement. Even if someday somehow he is no longer a candidate for office nor in office, he’ll still wield political influence until he’s dead. So everything he publishes is “political” in nature. Much as everything he did while in office was an “official” act.