DJT dropped 5.98 today and another 0.62 in after hours trading, closing at $26.00 even.
lmao
That's still a really high market cap. Even 2.60 per share would be way too high.
Yeah its burn rate is roughly 45 million/yr, and it only has 200mil on hand. Total income was 5 mil, with a 50 mil spend.
You could call it a "growth" phase, but its losing users, which is the only growth that matter with social media.
Its really just a vanity/cash grab project. Being a meme stock, that doesbt mean it wont make someone money, but it will mainly be the ones that got in early, pyramid scheme style.
Its really just a vanity/cash grab project.
Even that is overly charitable. It really is nothing but a blatant attempt at money laundering.
So 5-6 days before it worth $0.
š¤š»
The fun starts when it falls low enough to get delisted from NASDAQ
I canāt wait for it to be a penny stock.
Oh no! I'm out of damn popcorn!
Oh no! I'm out of money!
-from the idiots who bought DJT
Probably because there was a 40M share issuance at opening from being above $17.50 today.
That certainly has a lot to do with it. That, and being a worthless money-loser of a company tied to a conman traitor clown who has bankrupted every company heās ever owned or run.
Quite honestly, one of the funniest things About this is that the company that's driving all of this, Trump Media and Technology Group
The funny thing is Iām pretty sure I read that when he got the job and I promptly forgot because fuck that clown lol
Exactly. I honestly hope Trump flips shit on him and wrecks him publically just so they can both diaf together
I'm starting to wonder if he truly, genuinely believed he'd be able to walk away with billions from this garbage. It's cratering so fast and so far, it could end up de-listed from NASDAQ and relegated to penny-stock status.
So... How can I help make that happen faster?
I don't think he thinks that far ahead. Only ever far enough to get to the next grift.
For Wired, all you have to do is clear your cookies. Or better yet, use an extension to deny the cookies automatically.
Private browsing will do it
Automatically deny, you say? Thank you
The face eating leopard that we snuggled up to, that had already eaten numerous faces, is eating our face now! Oh no!
Hm. I wonder if the market insiders have any advance knowledge of trumpās legal issues worsening so the social medial platform is a symptom of those impending issues.
Or, hear me out, any method of stock valuation that isnāt āhurr durr meme stock to the m00n!ā Shows that DJT is worthless
Itās just no one wants to buy it, itās a dog. You have to sell for what the next person will pay, and his faithful are out of money to buy your shares.
He's the only reason the Twitter clone has as many eyes on it as it does at all.
DJT dropped 5.98 today and another 0.62 in after hours trading, closing at $26.00 even.
lmao
That's still a really high market cap. Even 2.60 per share would be way too high.
Yeah its burn rate is roughly 45 million/yr, and it only has 200mil on hand. Total income was 5 mil, with a 50 mil spend.
You could call it a "growth" phase, but its losing users, which is the only growth that matter with social media.
Its really just a vanity/cash grab project. Being a meme stock, that doesbt mean it wont make someone money, but it will mainly be the ones that got in early, pyramid scheme style.
Even that is overly charitable. It really is nothing but a blatant attempt at money laundering.
So 5-6 days before it worth $0.
š¤š»
The fun starts when it falls low enough to get delisted from NASDAQ
I canāt wait for it to be a penny stock.
Oh no! I'm out of damn popcorn!
-from the idiots who bought DJT
Probably because there was a 40M share issuance at opening from being above $17.50 today.
https://www.forbes.com/sites/johntobey/2024/04/12/sell-trump-media-stock-djt-nowan-implosion-is-coming/
That certainly has a lot to do with it. That, and being a worthless money-loser of a company tied to a conman traitor clown who has bankrupted every company heās ever owned or run.
Quite honestly, one of the funniest things About this is that the company that's driving all of this, Trump Media and Technology Group
CEO, President and Director: Devin Nunes
I shit you not https://en.m.wikipedia.org/wiki/Trump_Media_%26_Technology_Group
Holy cow!
Oooh that's good š
The funny thing is Iām pretty sure I read that when he got the job and I promptly forgot because fuck that clown lol
Exactly. I honestly hope Trump flips shit on him and wrecks him publically just so they can both diaf together
I'm starting to wonder if he truly, genuinely believed he'd be able to walk away with billions from this garbage. It's cratering so fast and so far, it could end up de-listed from NASDAQ and relegated to penny-stock status.
So... How can I help make that happen faster?
I don't think he thinks that far ahead. Only ever far enough to get to the next grift.
Sell calls, if you have the money.
Damn paywall: https://12ft.io/https://www.wired.com/story/donald-trump-truth-social-risks/
For Wired, all you have to do is clear your cookies. Or better yet, use an extension to deny the cookies automatically.
Private browsing will do it
Automatically deny, you say? Thank you
The face eating leopard that we snuggled up to, that had already eaten numerous faces, is eating our face now! Oh no!
Hm. I wonder if the market insiders have any advance knowledge of trumpās legal issues worsening so the social medial platform is a symptom of those impending issues.
Or, hear me out, any method of stock valuation that isnāt āhurr durr meme stock to the m00n!ā Shows that DJT is worthless
Itās just no one wants to buy it, itās a dog. You have to sell for what the next person will pay, and his faithful are out of money to buy your shares.
He's the only reason the Twitter clone has as many eyes on it as it does at all.