Currently at $15.69. Wish I’d bought at $12.15!
Bottom fishing is like that. Silly percentage gains for trivial per-share price deltas.
The big obstacle with most penny- or quasi-penny stocks is the thin trading volume. Not so much of a problem w DJT as related to the volume you or I might need. Connie donnie and his pals need rather more trading volume to make their escape without tanking the con.
Chief Operating Officer (COO) and Chief Product Officer resign along with at least 2 staffers. CEO former House Representative Devin Nunes remains in place.
Several people involved with Trump Media believe the ousters are retaliation following what they describe as an anonymous “whistleblower” complaint regarding Nunes that went to the company’s board of directors.
Nondisclosure agreements signed in exchange for severance payments.
The TPM article says that certain employees made allegations about mismanagement by Nunes, including “allegations of misuse of funds, hiring of foreign contractors and interfering with product development”. The company’s response appears to have been to launch an investigation, not in relation to misdeeds by Nunes, but to find out who ratted him out. Those people were then fired.
Everything about TMTG just reeks of secret, shady dealings, as if the whole thing was nothing more than a giant scam. What a surprise!
Like somebody actually had a plan?
At least a concept anyway.
A concept of a plan.
Don’t try to make money from the stock.
Truth Social seems to be a target-rich environment for people who are easy to con. If you were a scammer, who would you think might be the easiest marks on the planet, ready to believe anything a conman might say? If you said Trump supporters, you’re clearly not alone.
https://gizmodo.com/truth-social-users-are-losing-ridiculous-sums-of-money-to-scams-2000506604
I just came here to post that.
Right-wingers have been prime targets for grifting for decades, but the self-selecting cohort of TS subscribers was always going to be a goldmine.
I do feel sorry for those who have lost large sums of money to scams but so much of this is due to self-inflicted wounding. I mean, there’s a reason Trump gutted the Citizens Protection Bureau.
The fact that easy marks congregate on Truth Social is probably part of the value of the DJT stock. If someone has a scammy product or service, that’s probably one of the best places to advertise it. Pretty much every ad impression will be to someone who will easily fall for a scam.
Much in the same way all the advertising on Xitter seems to be dropshippers these days.
Pig butchering scammers are common on Twitter-X (I get multiple scam followers per day and I haven’t figured out what if anything I should do about it). But yes, Truth Social seems very much like a target-rich environment, consisting of those who willingly suspend their disbelief and prefer simple and enticing falsehoods over more granular observation.
Don’t forget the ones who are simply dumb enough to fall for it!
Big bump up today on high volume. Supposedly because Elon was at his Butler rally. REALLY?
Yeah ever since it hit the 12.15 low on Sept 23 its been making up ground. I’m wondering if a lot of the drop was skittishness about whether Trump would sell right away and now that he hasn’t its showing a bit of a rebound. Unfortunately this means that unless it drops over the next 4 days, my virtual put options lost money.
Be interesting to see what happens on November 6 now.
Will also be interesting to see if there has been any illegality going on behind the scenes that ends up coming out post election. (I’d be willing to be they’ve been cheating somewhere)
Up and up it goes It saw $22 today.
I’m trying to figure out the correlation between the price increasing on unusually high volume with the prospect of it being wiped out in a hurricane.
DJT is losing money hand over fist, so annihilating headquarters (following an orderly evacuation) would put a halt to operations and a division of the cash pile among shareholders, prompted by a board of directors that dutifully represents shareholder interests as reflected in the efficient markets model.
Of course cash divided by shares is worth all of $2, so I guess the board is extra mindful of heavily leveraged shareholders.
Actually, I’m wondering if Trump has insurance on said property. I mean, you’d think, but then again, Trump is notoriously cheap about silly things. And I could totally see them forgetting payments, or picking some drastically cheap, shady, and quickly wiped out coverage.
Alternately, I could equally easily see a “friend of a friend’s” company writing a policy any other business owner would have died to secure, which pays out, no evidence required, a princely sum for any and all damages sight unseen.
I’m not even sure which theory would be more likely!