This stock went down faster than Boebert at a musical.
Talk trash all you want but skiing, casa bonita, and handies from bobo the clown are what make colorado great. Its how we spend our weekends.
Don’t mind me, I’m still pisssed the Nuggets blew a 20 point lead. In fact, that was the first comparison I was going to make.
And yet it’s still valued at nearly $50 per share
It almost like there’s a very public way to funnel money into a company via the stock market in order to gain favor with it’s operating board…
That’s more than Intel.
It’s not so much a stock investment as it is a gofundme with extra steps.
Only the best shareholders. Very great. More and more.
And that’s because it’s up over 200% from its low at $22. With these financials the “free market” decided it was a heavy buy. It’s some combination of meme stock and corruption vessel. Trump gonna get elected and we’ll all be fools for not taking our cut as the bribes really flow in. Unlikely Trump even “steps away” from his businesses next time. He’ll be (openly) taking private investor meetings in the Oval Office before deciding their government petition.
LoOkS FiNe To mE - SCROTUS, probably.
Some how I missed SCROTUS until now. Much better name for (most of) them.
Its a bet a lot of people are making. If Trump wins the shares of this stock are probably going to the moon to borrow a phrase. Truth social will be where the President of the US is. Users/advertisers will move there initially I think, until they realize it is somehow worse than Twitter. It will also be, and probably already is, a way to subvert campaign finance laws and donate “directly” to Trump.
The price is artificially high becuase of people making this bet. If Trump loses this goes the way of Trump steaks, Trump vodka, Trump University, etc. If he wins, these people may literally make money hand over fist.
Trump winning doesn’t do anything except make it a way to bribe the president. Everyone knows who/what are on that site. It’s not going to make advertisers go there. It’s already the place of the loudmouthed former president, which probably gets more users than it being the site that had the president.
Which is exactly what I would pay for a Bobert bj at a musical.
(or a bowling alley)
Or trailer park cookout
No it didn’t
the stock market is a fucking pathetic joke, just like our legal system
We knew that before this
That’s what the Gamestop thing was about
Please tell me this I’d the stock that is his namesake.
Edit: fuck yes it is
Who the fuck is giving them loans? They have to know they aren’t getting that money back, right?
Jeff Yass and his corrupt hedge fund, for one.
People who seek political favors if he gets into office.
It makes a lot more sense when you replace the word loans with bribes.
Those people are delusional.
A loser produces losses. Who would expect that?
Nothing suspicious about this stock at all, no sir!
You see that dip, where the stock starts to go back up? You know what Truth Social did that reversed that trend?
Not one god damned thing.
But you know what else was going on then? That was right in the middle of the “if DJT stock stays above $30/share for 20 out of 30 days, Trump gets a shitload more money” window. Almost like someone started manipulating the stock so Trump would get money and maybe owe some favors…
Jeff Yass’ hedgefund is playing a big role in this
Look at their 10Q. The majority of their loss was from revaluation of derivative liabilities. If anyone with more Equity Research experience cares to look at p. 14 and care to explain further.
It seems like bullshit to me
I’m no money scientist, but is that the thing where they decide it’s worth more? So they can sell it for more money, the thing Trump has been known to do? That thing?
I’m not familiar with the mechanics, but the specific derivative valuation method was listed at Level 3 which is used for transactions that rely on unobservable factors to evaluate value.
Level 1 derivatives are like interest rate swaps where there is a liquid exchange market that can easily be valued.
Level 2 derivatives are like Futures contracts where the terms may be more bespoke, but value can be derived from an established market.
Level 3 derivatives I’ve seen described in textbooks as marked to magic lol. Meaning there is no liquid market to mark the value to.
Somehow, they categorized an instrument that was used to fund the SPAC as a Level 3 derivative. That on surface sounds incorrect for an option or debt conversion of a publicly traded stock.
This should trigger an audit or something by the regulator, but again, my area of expertise is in Corp Finance, not Treasury.
How is it still a thing when the losses are that high?
- People using this stock to buy off a political candidate
- Conservative cultists who are continuing to invest, despite clear the clear evidence that they’re being fleeced. But this extends beyond DJT stock.
What I want to know is how you figure out the value of a company with those numbers.
You mean actually or performatively?
Performatively, the market fluctuates, etc etc.
Actually? Oh yeah no one’s getting a dime outta that meth lab explosion. If you wanna try fleecing suckers briefly, good luck.
Thing is that you can use math to find actual value. But, if I warmed up a financial calculator and follow the steps, I’m pretty sure this company has negative actual value, and that’s saying something since even companies with no assets and revenue have small value.
It’s nothing more than tulip bulbs. Value is only going up because people are expecting that MAGAts are willing to buy at a higher price.
It is also a way to funnel money to Trump.
More than one conservative person has gone on TV and explicitly said, this Truth Social thing is great because you can funnel money to Trump just by buying some of the stock, and it’s perfectly legal and more or less completely secret.
How does the money go to him when you buy the stock?
The value of the stock finds its own natural balance based on supply and demand – he has like $5 billion worth of shares, but he can’t sell it and get anywhere near that much money, because the value will plummet if he starts selling in any big amount. But, if people are buying the stock, then the value goes up, and he can sell some, and the value will level off back down, and so on.
Basically the dollars that get spent on this stock that has no real inherent value will get routed into a big inflatable balloon of money to blow it up a little more, and then Trump can take some out, and the balloon will deflate a little but still maintain enough pressure that the balloon survives. The dollars that went in don’t need to be the same dollars that came out for the system to still work that way.
He’s a GREAT BUSINESSMAN!
so it’s performing better than most Trump businesses?
I’m actually a bit shocked that the revenue is that high.
Has to be money laundering. There’s no way their operating costs are over $1B on a shitty Twitter clone with very little traffic
I think you added a couple of 0s to the revenue. Cause nothing is close to $1b here.
Hahah shit, you’re right. I read 770k as 770m. I guess that ridiculous valuation set my expectations.
327m in expenses is still way too high. But no where near as absurd.
Maybe they’re on Azure.
LoL
Loser ? You’re Fired ???
Loser! You’re fired!!!