Anyone know where TS is actually hosted from? I’m sure they don’t have a rack of servers in Sarasota that Devin is managing. This is all I could find from 2 years ago.
https://corp.rumble.com/blog/truth-social-migrates-to-rumble-cloud/
It’s all smoke and mirrors regarding TS.
There have been several recent trips to Macedonia by TS execs including Don Jr. All they would say indirectly is that it might have something to do with cloud storage.
OTOH, Macedonia is a well known conduit for Russian activities. (E.g., a lot of online glurge in the 2016 election came from Macedonian companies hired by Russians.)
A lot of the normal stuff you would expect a social media company to state, like unique monthly visitors, is not shared by TS.
That’s a good question. I assume they use one of the major cloud services companies. It would be interesting to know which one.
But even if Trump owns a large amount of the stock, bribery through market manipulation is probably not the best way to go. You would be basically leaving a big pile of money in the street and hoping that Trump picks it up before anyone else does. If you want to get money to Trump you are probably better off with something more direct like buying his overpriced watches and NFTs.
My guess would be that this is a combination of relief over the fact that the stock didn’t absolutely collapse after the lock out expired, anticipation of a possible Trump victory, and just general Meme stock momentum. “Look how fast its going up, I need to get in on that action!”
Went out of town thurs morning and just got back sunday afternoon and see DJT rallied another 5% on friday with unusually high volume and see this from MarketWatch…
The recent rally in Trump Media & Technology Group Corp.’s stock reflects its status as a “battleground symbol” ahead of next month’s presidential election, according to Stocktwits, a social platform for investors and traders. Stocktwits noted the emergence of the stock as a Wall Street proxy for Trump ahead of the election on Nov. 5. “It’s a battleground symbol on our site, with many using the stock to express their views on the election or Trump himself versus the actual fundamentals of the business,” Stocktwits said in a statement provided to MarketWatch.
Can you say “meme stock”?
If shitforbrains wins, you could double your money overnight if you could get back out quickly enough. If trump loses decisively, the nice man with the hooked stick will scrape all your chips into his hidy-hole and hand the dice to the next player faster than you can blink.
Kudos… to whoever came up with the name Stocktwits.
I see it’s now up to $30 - some people are betting bigly on a Trump win!
When are the next quarterly results due, and what will they show I wonder?
What difference does it make? The stock price is completely disconnected from the actual value of the company as a company.
'Zactly.
Earnings, etc. are the “fundamentals” that folks like Buffet might care about.
This is a meme stock. What matters is what one set of idiots (possibly including you) think the other idiots will think about buying and selling tomorrow. Net of whatever buzz good or bad you can engineer out there in the social media BS-o-sphere in the next few hours.
It’s a variant of bluffer’s poker played on a social media Oujia board for millions of dollars.
Some tried to take their profits yesterday until those pesky government rules halted trading.
https://www.cnbc.com/2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html
I was figuring that $20 was the target for people sending money to Trump this way were aiming at given the oscillations in recent weeks. So I’m surprised to see it go above that. But I am still more seriously surprised at people doing that given how close the election is and just waiting gives them a better idea as to whether this is worthwhile or not.
Getting closer!
Hookers and blow!
Referencing the title, it’s market cap is now $9 Billion.
Price hit $46…
This is a big reason why he wants to win. He can make billions of dollars.
And it’s being attributed to the Madison Square Garden Rally. HUH?
I’d attribute it to “poor financial education”
if this is really true (and the motivation behind the increase) … a whole lot of people are in for a whole lot of financial hurt
There are a lot, A LOT of folks who see a Nazi rally as a positive thing. They love it. They love the derogatory insults to brown people (undeserving!), they love the hate, they love the vile language. This speaks to them.
That’s what I thought about bitcoin yet…
Whatever you say, but this is insane:
Over 52.6$ a couple of minutes ago, up 11%, trade repeatedly halted because of too much volume… this is not going to end well. Someone is betting too much on tanTrump winning next week, and with that kind of incentive cheating is justified.