/——/ 5 day chart.Nobody is. As soon as he called what TS did yesterday a 'rebound" he outed himself as a liar
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/——/ 5 day chart.Nobody is. As soon as he called what TS did yesterday a 'rebound" he outed himself as a liar
Meh.... That's what they all said about Bitcoin when it started.Most of these folks are trusting and hard working, and don't even see it coming. Blind faith never ends well.
Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.
That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.
“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”
For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT.
Even the company’s plunging stock price — and the chance their investments could get mostly wiped out — doesn’t seem to have shaken that faith. The company has lost $3.5 billion in value since its public debut last month.
As a business, Trump Media has largely underwhelmed: The company lost $58 million last year on $4 million in revenue, less than the average Chick-fil-A franchise, even as it paid out millions in executive salaries, bonuses and stock.
And in two years, Truth Social has attracted a tiny fraction of the traffic other platforms see, according to estimates from the analytics firm Similarweb — one of the only ways to measure its performance, given that the company says it “does not currently, and may never, collect, monitor or report certain key operating metrics used by companies in similar industries.”
But for some Trump investors, the stock is a badge of honor — a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses or donating to Trump’s presidential campaign.
At your house I can imagine you would go with that...If I may offer a better, safer investment. It's Vaseline. Seriously.
Investment comes in many formsMeh....you're comparing apples to washing machines.
/——/ Trump poised to clinch $1.3 billion stock award from social-media companyMeh....you're comparing apples to washing machines.
At your house I can imagine you would go with that...
Truth Social has blown away all of the predictions of never being able to get off the ground... so keep on moving that goal post Trump haters....
Truth social has proven you all wrong and it will continue to do so...
It took years for twitter to take off competing with facebook and myspace.... Truth social is just fine and still growing....Truth Social is static at best. It has a mere 2 million active users and that number is basically unchanged in a year.
In order to make money TS needs to reach upwards of 30 million active users, that will never happen.
It took years for twitter to take off competing with facebook and myspace.... Truth social is just fine and still growing....
Axios is obviously wrong.... or more likely lying...It is not growing, that is the whole point. According to Axios they only have 1 million daily users now, compared to 2 in 2023.
Twitter had 40 millions users in its first year, up to 151 in its 3rd year.
Axios is obviously wrong.... or more likely lying...
Truth Social Has an Edge as Rival Right-Wing Apps Falter
Donald Trump’s social media platform has outdistanced similar conservative sites such as Parler and Gettr, even as it lags far behind X and others.www.nytimes.com
Trump social media company Truth Social surges in Nasdaq debut
Shares of Donald Trump’s social media company jumped more than 30% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes…www.france24.com
They are lying to you.... how could it go down with Trump in the global news as he is today... it doesn't make any sense... how could his stock value be blowing away all estimates if people were not joining the app?... give me a break....Data aggregator SimilarWeb estimated their number of visitors per month at 5 million in February 2024 and the number of active users in the U.S. at 1 million per month. On March 25, 2024, the day TMTG's stock began trading publicly, Truth Social had 277,000 U.S. visitors, while Reddit had 32 million.
Truth Social - Wikipedia
en.wikipedia.org
They are lying to you.... how could it go down with Trump in the global news as he is today... it doesn't make any sense... how could his stock value be blowing away all estimates if people were not joining the app?... give me a break....
/——/ Maybe if we get you Hunter Biden, Joe Stalin, and Pol Pot worshipers at the DNC to join….there are only so many Trump worshipers, and they have all joined.
/——/ Then don’t buy. Problem solved.<----- Trump supporter here and non-TDS sufferer..... but this stock is garbage and I can't believe anyone bought it - the revenue numbers are putrid and Trump is 77 years old (78 in two more months). Where is the future growth coming from? Do people think Twitter is going to buy this out? Unless you see a buyout from some other company I can't see a reason to invest here.
I won't, but you will not keep me from speaking out against it to warn other investors. If you bought it and are trying to pump it....too bad/——/ Then don’t buy. Problem solved.