Trump Media & Technology Group

[Procrustes Stretched]

This thread could end up being a death watch for Trump Media & Technology Group. Then again it could be witness to one of the greatest creations of a media empire, in the history of -- well, greatness.

While we have people like the Trump biographer David Cay Johnston sounding alarms, we have media experts like Devin Nunes defending Truth Social with claims that there is a conspiracy on Wall Street to get Truth Social.

How is Truth Social doing as of today?
BEWARE: It's NPR:

Trump supporters rushed to buy shares in Truth Social, and some are seeing the payoffs​

https://www.npr.org/2024/05/25/nx-s1-4962642/trump-supporters-rushed-to-buy-shares-in-truth-social-and-some-are-seeing-the-payoffs

Donald Trump Biographer Issues Stark Warning to Truth Social Investors​

Story by Kate Plummer

The Former Congressman in the Hot Seat at Trump’s Truth Social​

Devin Nunes is running a tiny, money-losing, slow-growing social-media company that just went public. The looming question: What if the app’s most important user—and biggest investor—wants to sell?​

Devin Nunes Claims 'Conspiracy Against Truth Social' On Wall Street​

 

[Procrustes Stretched]

Good lawd! The things human being believe.

https://www.npr.org/2024/05/25/nx-s1-4962642/trump-supporters-rushed-to-buy-shares-in-truth-social-and-some-are-seeing-the-payoffs

MICHAEL ROGERS: He's a businessman, a very smart businessman.

NAM: That's Michael Rogers. He doesn't love everything about Trump. He wishes he'll tone it down on social media, but he does respect Trump's financial success. Rogers owns a masonry company in North Carolina. He's been buying and selling shares and currently owns just over 1,000. He's in it, he says, for the long haul because Trump will be president again, and that means very big returns.

ROGERS: Therefore, I think he'll be - potentially be extremely successful, and, you know, people who invest have the potential to become very rich.

NAM: Potentially. That's because the business is not doing well. It only has a tiny, tiny fraction of the active monthly users that X has. Truth Social lost $300 million last quarter, and there's almost no revenue. Professional investors think very little of the company. It's a sentiment media billionaire Barry Diller put best on CNBC recently.

 

[Procrustes Stretched]

Trump Media stock drops in Friday trading after former president's guilty verdict​

Kinsey Crowley
USA TODAY

Trump Media stock drops in Friday trading after former president's guilty verdict

Donald Trump owns more than 114 million shares in Trump Media, the parent company of Truth Social. The stock price has whipped about after the verdict.

www.usatoday.com

LOL

'Buy DJT' is a new rallying cry for Trump supporters -- Suckers!​

https://www.npr.org/2024/05/30/nx-s1-4986448/djt-trump-media-truth-social-shares-verdict-criminal-trial-hush-money

 

[JoeB131]

Down another 15% today. it will be a penny stock by the convention.