How Can Truth Social be worth $6 Billion? {Trump Media & Technology (DJT)}

And now it is up more than $2/10% so far today.

I know there is no rational reason but still … why?

This site also points out that it is coincident with a jump for Trump in the “predict” market also for no discernible reason.
So it might be some individual fat cat who is suddenly putting a lot of money on Trump doing well.

As to why: it could be that they are idiots, or it could be some form pump/dump of market manipulation, or it could be somehow a way to help Trump and his campaign, or most worrisome it could be insider trading and some bad news for Harris is going to come down the pipe shortly. :fearful:

my thought also …

actual Q: Doesn’t Wallstreet have any min. requirements concerning companies listed there? … I mean its not that anybody can set up a company and list it there …

what if they never make any relevant sales of product and services … can you just “park” a company there, when everybody knows it is an empty shell without fundamentals …

IOW: at what stage wil Wallstreet (the exchange) or SEC step in and pull the plug? (assuming the stock stays out of “penny-stock” territory?

any takers?

Investors may be banking on this week being the peak of Harris’s popularity (and the floor of Trump’s). A lot of those buy orders for the week of the DNC may have already been planned.

Standard and Poor’s index creators have some discretion regarding inclusion. The broadest index, the Wilshire 5000, does not include DJT for reasons that are unclear to me. Huh. But DJT is a member of the Russell 1000, which I see that Vanguard devotes an ETF to. Bankrate.com has a moronic profile of the 1000 which I won’t link. Investopedia’ article is better and links to Russell’s technical report on index inclusion. The index is constructed by FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG) that produces, maintains, licenses, and markets stock market indices. Their criteria are capitalization related and volume related; I guess they don’t believe in due diligence: they trust the equity market (but not the options market) to do that.

One possibility is RFK endorsing Trump

Now the stock and predict market buy happened before this news dropped, so it would have to be someone who had insider knowledge about what RFK was planning.

More likely it is the 800K correction to the jobs report that was announced today.

Aaaand after that brief hiccup we are back to nice steady declines. (down 6.2% today).

On a day the S&P 500 as exemplified by the SPX ETF lost 0.89%.

IOW DJT overachieved in the downward direction by 6.2/0.89 ~= 7x. Way to go DJT! You’re the Biggest and Best loser we’ve ever seen. 7x more loserness than the market at large. It’s a yuge amount of loserness; the biggest evar!!

Nm. Link goes to wrong page.

This stock is a crazy rollercoaster ride. It has now lost most of the gain that it got 5 days ago.

Down 4.7% today.

The Dow hit an all time record, 41,240. More than double what it was March 16 2020, (19,174) when Trump was president. (I know, cherry picking… but turnabout is fair play I say.)

Who wants to go back to those good days and have the Dow crash?

For the record, there is a bot that exists to do exactly that. It posts his Truth posts to Twitter. I’ve run into it several times.

It makes me wonder why @realDonaldTrump isn’t set up that way, with a 6 hour delay. My best guess is that the people who would do that for him know that posting everything he says would not be so great for him.

Using another account (that Trump likely doesn’t even know about) lets them have plausible deniability.

At this point, I would say it is falling on the assumption Trump will cash out as soon as he can, so they’re getting out before it craters completely.

Rats are leaving the sinking ship

Sorry, too harsh.

Insiders are cashing out before the rubes catch on.

No, still too critical.

Prudent insider investors are re-evaluating their portfolios.

There, that’s it!

Would it help if he held a large party at Trump University and gave away Trump steaks to encourage people to stick around for the big payoff?

I’ve been looking in on it from time to time today wanting it to close below $21. It just squeezed by at $20.99.

Close at $20.99 - a new low! If past history holds true, sounds like a buying opportunity, w/ a sell order at $25! Anyone wanna put in a couple hundred $K? :smiley:

No amount of Trump Vodka would convince me that TS is a good idea.