# What about Trump's new social network? I hear crickets **URL:** \ **Category:** The BBQ Pit\ **Tags:** trump\ **Created:** [February 23, 2022, 10:19pm UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024 "2022-02-23T22:19:02Z")\ **Posts on this page:** 20\ **Page:** 30
**Author:** ![Johnny\_L.A](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_l.a/32/1084_2.png) [@Johnny\_L.A](https://boards.straightdope.com/u/Johnny_L.A)\ **Post date:** [November 30, 2023, 2:54am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/581 "2023-11-30T02:54:27Z")
> [@romansperson](#): > > I sure hope he has to pay for this himself, though, instead of finding a way to get his dupes to pay for it instead. > **[Trump ‘breaks court ruling’ by moving $40m from Trump Organisation to...](https://www.yahoo.com/news/trump-breaks-court-ruling-moving-232443293.html)** > > Former president is required to inform a New York court before withdrawing cash but reportedly used the money to pay tax and legal bills ---
**Author:** ![romansperson](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/romansperson/32/17100_2.png) [@romansperson](https://boards.straightdope.com/u/romansperson)\ **Post date:** [November 30, 2023, 3:11am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/582 "2023-11-30T03:11:35Z")
Looks like that money is intended to pay tax bills and the judgment in the E. Jean Carroll case. Will that actually happen? If so, what about that extra $5 mil? So many questions, so few answers! ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [January 6, 2024, 9:21pm UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/583 "2024-01-06T21:21:31Z")
> [@Ann\_Hedonia](#): > > Does anyone know what happened to Trump’s ACN fraud trial Still on for Jan 29, but “The judge has, however, signaled that it’s likely that date will be pushed back” > **[Trump set to go to trial over claims he duped investors into backing failed...](https://www.rawstory.com/trump-video-phone-lawsuit/)** > > Donald Trump is set to face yet another trial this month involving allegations that he duped investors into putting money into a failed video phone.The little-mentioned civil trial is scheduled to start on January 29, Newsweek reported Monday.The... ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [January 26, 2024, 10:46pm UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/584 "2024-01-26T22:46:08Z")
What’s going on with DWAC tripling? > **[Digital World Acquisition Corp. Cl A, DWAC Quick Chart - (NAS) DWAC, Digital...](https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=DWAC&insttype=Stock)** > > DWAC - Digital World Acquisition Corp. Cl A Basic Chart, Quote and financial news from the leading provider and award-winning BigCharts.com. ---
**Author:** ![enipla](https://avatars.discourse-cdn.com/v4/letter/e/54ee81/32.png) [@enipla](https://boards.straightdope.com/u/enipla)\ **Post date:** [January 26, 2024, 11:13pm UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/585 "2024-01-26T23:13:14Z")
I really don’t know anything about this stuff, but could Trump be trying to hide his money? ---
**Author:** ![Mundane\_Super\_Hero](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mundane_super_hero/32/6304_2.png) [@Mundane\_Super\_Hero](https://boards.straightdope.com/u/Mundane_Super_Hero)\ **Post date:** [January 27, 2024, 12:15am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/586 "2024-01-27T00:15:07Z")
> [@enipla](#): > > I really don’t know anything about this stuff, but could Trump be trying to hide his money? But wouldn’t it all have orange grease on it…? ---
**Author:** ![Atamasama](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/atamasama/32/12961_2.png) [@Atamasama](https://boards.straightdope.com/u/Atamasama)\ **Post date:** [January 27, 2024, 1:50am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/587 "2024-01-27T01:50:21Z")
Maybe he’s trying to pull an Alex Jones here. That would be a massive turnaround, for him to pretend to be broke. Its the polar opposite of what he’s done his entire life. ---
**Author:** ![Buck\_Godot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/buck_godot/32/6573_2.png) [@Buck\_Godot](https://boards.straightdope.com/u/Buck_Godot)\ **Post date:** [January 27, 2024, 2:13am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/588 "2024-01-27T02:13:49Z")
This spike coincides with DeSantis dropping out of the Republican primary, so that is probably the explanation. ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [February 18, 2024, 10:50pm UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/589 "2024-02-18T22:50:47Z")
DWAC is hitting new highs. Trump is expected to make 4 BILLion. > **[Cha-ching! How Trump is making $4 billion from his 2024 campaign for president.](https://www.marketwatch.com/story/cha-ching-trump-makes-4-billion-from-his-re-election-campaign-5fb87700)** > > Away from the legal headlines, Donald Trump has just made a staggering amount of money, all of it driven by the publicity from his campaign for the White House. ---
**Author:** ![Tride](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/tride/32/13907_2.png) [@Tride](https://boards.straightdope.com/u/Tride)\ **Post date:** [February 18, 2024, 11:23pm UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/590 "2024-02-18T23:23:19Z")
Who the fuck is buying this stock? I mean… ---
**Author:** ![Hamlet](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hamlet/32/2818_2.png) [@Hamlet](https://boards.straightdope.com/u/Hamlet)\ **Post date:** [February 19, 2024, 12:01am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/591 "2024-02-19T00:01:53Z")
The same people who invest in NFTs, crypto, and who continued to lend him money for the last 10 years. As long as there is a base for idiots willing to finance his politics and no rules/enforcement of rules about what he can do with campaign money, there will be people willing to roll the dice with him. Hell, the Saudi’s gave his kid $2 billion to play with, and he’s more than willing to leverage his political career to ensure more money comes into his coffers, so there is a chance you can get in now, and get out with a nice profit before it all blows up. ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [February 19, 2024, 12:03am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/592 "2024-02-19T00:03:22Z")
“You know you’re buying a quality stock when the prospectus reads like a police blotter.” > **[The stock linked to Donald Trump’s Truth Social platform is flying high. Read...](https://www.marketwatch.com/story/the-stock-related-to-donald-trumps-truth-social-is-flying-high-before-you-invest-read-this-6a5e2df3)** > > Truth Social, his would-be Twitter rival, is a high-risk, speculative operation with few hard numbers behind it. ---
**Author:** ![crowmanyclouds](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/crowmanyclouds/32/19884_2.png) [@crowmanyclouds](https://boards.straightdope.com/u/crowmanyclouds)\ **Post date:** [February 19, 2024, 12:05am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/593 "2024-02-19T00:05:24Z")
Up Next: Trump Tulips ---
**Author:** ![kenobi\_65](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/kenobi_65/32/13178_2.png) [@kenobi\_65](https://boards.straightdope.com/u/kenobi_65)\ **Post date:** [February 19, 2024, 12:09am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/594 "2024-02-19T00:09:31Z")
> [@crowmanyclouds](#): > > Trump Tulips “Grown men have come up to me, with tears in their eyes, saying, ‘I’ve never seen a more beautiful, perfect flower.’” ---
**Author:** ![dougrb](https://avatars.discourse-cdn.com/v4/letter/d/76d3ee/32.png) [@dougrb](https://boards.straightdope.com/u/dougrb)\ **Post date:** [February 19, 2024, 12:20am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/595 "2024-02-19T00:20:22Z")
This is another gem… spit out a perfectly good drink! “At this juncture in its development, TMTG believes that adhering to traditional key performance indicators, such as signups, average revenue per user, ad impressions and pricing, or active user accounts including monthly and daily active users, could potentially divert its focus from strategic evaluation with respect to the progress and growth of its business.” ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 19, 2024, 12:34am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/596 "2024-02-19T00:34:13Z")
So we have Truth Social with 8.9 million users vs Twitter’s claimed ~500 million active users. TMTG revenue $3.4 million, operating loss $10.6 million. Twitter revenue is around 1000 times that. I’m not seeing any other source of revenue. So obviously the valuation (around half the value of Twitter) is complete nonsense, but DWAC is not just going up on air, trading volume is $150 million a day. The question is, how many marks can Trump really get to buy the stock before it inevitably collapses? The worrying thing is that a lot more ignorant MAGAs might buy something that _looks_ like a real investment than would buy gold sneakers. Several million people could be stupid enough to buy $1000 of stock in a completely legal multi-billion dollar grift here. ---
**Author:** ![crowmanyclouds](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/crowmanyclouds/32/19884_2.png) [@crowmanyclouds](https://boards.straightdope.com/u/crowmanyclouds)\ **Post date:** [February 19, 2024, 12:35am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/597 "2024-02-19T00:35:59Z")
Oh, it not Trump’s, Magic The Gathering… ---
**Author:** ![kenobi\_65](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/kenobi_65/32/13178_2.png) [@kenobi\_65](https://boards.straightdope.com/u/kenobi_65)\ **Post date:** [February 19, 2024, 12:36am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/598 "2024-02-19T00:36:44Z")
> [@dougrb](#): > > This is another gem… spit out a perfectly good drink! > > “At this juncture in its development, TMTG believes that adhering to traditional key performance indicators, such as signups, average revenue per user, ad impressions and pricing, or active user accounts including monthly and daily active users, could potentially divert its focus from strategic evaluation with respect to the progress and growth of its business.” “Pay no attention to actual performance! Trust us!” > [@Riemann](#): > > Several million people could be stupid enough to buy $1000 of stock in a multi-billion dollar grift here. Likely the same people who are buying his $399 “Never Surrender High-Tops.” Predictably, they are gold-colored. > **[Trump launches gold high top sneaker line a day after $350m court ruling](https://www.theguardian.com/us-news/2024/feb/18/trump-launches-gold-high-top-sneaker-line-a-day-after-350m-court-ruling)** > > ‘Never Surrender High-Tops’ cost $399 and arrive on the market just after judge hands former US president huge penalty ---
**Author:** ![Euphonious\_Polemic](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/euphonious_polemic/32/3002_2.png) [@Euphonious\_Polemic](https://boards.straightdope.com/u/Euphonious_Polemic)\ **Post date:** [February 19, 2024, 1:23am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/599 "2024-02-19T01:23:53Z")
Good news: When this stock tanks (as it will, as it has no business plan to generate revenue), then many, many of the MAGAts will lose a lot of money. Money that they can no longer send to other Republican grifters. ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 19, 2024, 2:07am UTC](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024/600 "2024-02-19T02:07:35Z")
> [@Euphonious\_Polemic](#): > > many, many of the MAGAts will lose a lot of money That’s clutching at straws for a silver lining\* if most of that has gone into Trump’s pocket. I guess if the denouement here is that Trump is a decrepit billionaire _in prison_ and a few million MAGAts are out a few billion that’s not so bad. \*don’t nitpick, the straws are attached to the silver lining in this metaphor [Previous page](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024.md?page=29) [Next page](https://boards.straightdope.com/t/what-about-trumps-new-social-network-i-hear-crickets/960024.md?page=31)