Social Trumps Truth Social made 4 million and lost 58 million in 2023.

[toasty]

Thar she blows-- Dilution AHOY!

"We are registering the resale by the Selling Security holders named in this prospectus, or their permitted transferees, an aggregate of 146,108,680 shares of Common Stock.....

the S1 was evidently approved and there are now hundreds of millions of new shares that make your ownership of "the company" that much less.

And with it down from the 40's a few days ago to $28.41 in the after hours market right now, do you think those newly minted shareholders are going to hold and buy more driving the price upward or sell and cash the fuck out as quickly as they can?

The whole reason for this SPAC to stock to fire sale was to get a bunch of MAGA to put their money in so the MAGA leaders can get their money from them. The funny thing is by the time he can legally sell in mid Sept., DJT may get very little out of DJT.

I could be wrong, maybe it will reverse the down 10% trend today and the big jump lower in after hours and power its' way back up in to the 40's in no time.

But I'd bet tomorrow is going to be a bloodbath of selling and crawling over other bloodier people to sell more, and then mashing the sell button until your hands turn to pulp.

Average volume is around 7million. I'd guess double that or more by noon down at least another 10% tomorrow but probably more like 20%

 

[HOLA]

Was down 10% in the regular trading session and then down another 14% after hours.

We're now at $27.03. The stock hit a high of $79.38 on March 26th. It hasn't even been 1/4th of a year and the stock has lost 65.96% of its value!

 

[HOLA]

Have any of our smooth brained MAGA cultists admitted they've actually bought shares, or have they been keeping it quiet out of shame, like they do with all the tranny porn they consume?

 

[idrankyourbeer]

the meme stock is back in toilet territory.

 

[HOLA]

Haha. Even Seeking Alpha is turning on him, and those degenerates definitely skew right-wing. The top comments:

DJT is essentially a legal stock selling scam. It has practically no fundamentals of any sort. Same as GME which scammed a ton of retails out of cash last week.

...

Trump Media generates less cash flow than the Chinese food restaurant on my street. This is not hyperbole. Needless to say, the Chinese food restaurant on my street is not worth $8 billion.

1.) If Trump loses the election (likely), he will go to jail. The stock will be worthless.
2.) If Trump wins, and tries to sell his stock, the price will immediately COLLAPSE.

It's like Schrodinger's cat. The stock is worth $0 and $8B simultaneously, but will COLLAPSE (like a wave function) if he attempts to monetize. Anyone owning this stock is begging to lose all their money. STRONG SELL

...


Here is a short summary of Donald Trump’s June 9 speech in Las Vegas:

1. Tells crowd “I don't care about you. I just want your vote. I don't care.”

2. Tells contractors who set up mic and teleprompter they did a “sh*tty job” and he “won’t pay them.”

3. Tells audience to choose “suicide over Biden.”

4. Complains about teleprompter again..

5. Asks “Do I get electrocuted or do I jump over by the shark?”

6. Claims he "aced" a dementia test twice: “Not easy to ace!”

7. Says “There has never been people treated more horrifically than J6 hostages.”

8. Calls prosecutor a “d*mb son of a b*tch.”

9. Complains media is too focused on health of crowd in heat when they should “care about Trump.”

10. Glitches multiple times.

11. Speech ends. Trump whisked away on private jet paid for by donors.

We have all the receipts here
youtu.be/...

 

[Arashikage4Life]

Have any of our smooth brained MAGA cultists admitted they've actually bought shares, or have they been keeping it quiet out of shame, like they do with all the tranny porn they consume?

That would mean people like Cuck the Tuck actually have enough expendable funds to invest in this bullshit

 

[Limbo Pete]

Was down 10% in the regular trading session and then down another 14% after hours.

We're now at $27.03. The stock hit a high of $79.38 on March 26th. It hasn't even been 1/4th of a year and the stock has lost 65.96% of its value!

But should Trump and Trump alone make literally any money whatsoever, his chud brigade will declare it an unmitigated stroke of sheer brilliance (despite having grifted many of them)

 

[toasty]

DJT did a full u turn late in Friday's session, after hitting a low point it rallied hard to end up green and is up $1.95 or 7.05% to $29.61 in the pre-market

conversion of warrants evidently put more $'s in the company's coffers but there is still no evidence of growth in users, engagement of current users, or advertising revenue.

Are any of you playing this long or short?

If yes long, is your theory eventually they will show revenue growth and user gains or simply I think it might meme and I'm taking a flyer on it?

if short, is your theory that dilution and a bad revenue report in August will be the death of any rally and I can afford to carry the short through any brief uptick?

I gotta tell you I was stunned by the pre-market number today

 

[Andy Capp]

DJT did a full u turn late in Friday's session, after hitting a low point it rallied hard to end up green and is up $1.95 or 7.05% to $29.61 in the pre-market

conversion of warrants evidently put more $'s in the company's coffers but there is still no evidence of growth in users, engagement of current users, or advertising revenue.

Are any of you playing this long or short?

If yes long, is your theory eventually they will show revenue growth and user gains or simply I think it might meme and I'm taking a flyer on it?

if short, is your theory that dilution and a bad revenue report in August will be the death of any rally and I can afford to carry the short through any brief uptick?

I gotta tell you I was stunned by the pre-market number today

LOL $27.66 right now. Poor dumb bastards.

 

[Natural Order]

Imagine sinking a nickel into this scam….rofl, what a world….

 

[Blayt7hh]

DJT did a full u turn late in Friday's session, after hitting a low point it rallied hard to end up green and is up $1.95 or 7.05% to $29.61 in the pre-market

conversion of warrants evidently put more $'s in the company's coffers but there is still no evidence of growth in users, engagement of current users, or advertising revenue.

Are any of you playing this long or short?

If yes long, is your theory eventually they will show revenue growth and user gains or simply I think it might meme and I'm taking a flyer on it?

if short, is your theory that dilution and a bad revenue report in August will be the death of any rally and I can afford to carry the short through any brief uptick?

I gotta tell you I was stunned by the pre-market number today

It’s definitely going to fail. Shorting it is a good idea

 

[Andy Capp]

It’s definitely going to fail. Shorting it is a good idea

I think not touching it with a 10 foot pole is good idea

 

[fingercuffs]

Have any of our smooth brained MAGA cultists admitted they've actually bought shares, or have they been keeping it quiet out of shame, like they do with all the tranny porn they consume?

Haha. A Bay Area political Facebook group I'm on where one of the chicks is in the Kult so hard I worked out she was likely a Donald Duck The Draft donor. After asking if she just donates every time he makes a tit of himself or if she has a monthly standing order from her bank account, dodging the question multiple times she blew up the other day and said I was bullying her. His sycophants have such thin skin it's hilarious. At least another bloke on there I got to admit donating to someone who brags about being a billionaire has fun with it when I rib him and we have a good amount of banter...she lost the plot.

 

[LeonardoBjj]

Trump Media stock soars 21%, breaking weekslong decline in DJT share price​

PUBLISHED MON, JUN 24 20249:47 AM EDTUPDATED 26 MIN AGO
Kevin Breuninger

• Shares of Trump Media, which trades as DJT on the Nasdaq, shot up 21% after weeks of declines.
• The company recently saw its stock price fall by nearly 50% in the weeks after former President Donald Trump was found guilty of falsifying business records.
• Shares of Trump Media sunk lower after its registration of additional shares was declared effective by the SEC.

Shares of Trump Media soared more than 21% on Monday, as the firm majority-owned by former President Donald Trump sought to bounce back from a weekslong plunge that cut the stock price nearly in half.

Trump Media stock, which appears as DJT on the Nasdaq, ended the trading day at $33.52 a share. The stock closed Friday at just over $27.

The gains were welcome news for the company behind Truth Social, which has seen its stock price fall by nearly 50% in the roughly three weeks since a New York jury found Trump guilty of 34 felony counts of falsifying business records.

Shares of Trump Media sunk even lower last week, after its registration of additional shares was declared effective by the Securities and Exchange Commission. The clearance threatened to dilute the stock price by adding more tradable shares to the company’s float.

The registration allowed early investors to resell certain shares and exercise previously issued warrants. Stock warrants give their holder the ability to buy shares at a predetermined price within a certain time frame.

On Friday, Trump Media said it expected to rake in more than $69.4 million in proceeds from the warrants exercised on Thursday and Friday.

Meanwhile, Trump Media remains a risky, and pricey, company to sell short.

It is the most expensive stock to borrow in the U.S., financial data firm S3 Partners told CNBC on Monday. And selling the stock short has been an unprofitable move so far this year, with short sellers down about $178 million in year-to-date mark-to-market losses.

Short sellers are down about $32 million on Monday’s massive upward swing alone, according to S3.

The company’s recent stock plunge and sudden reversal are just the latest example of the volatility that has come to define its first three months of public trading.

After completing a lengthy public merger with a special purpose acquisition company in March, the newly formed Trump Media shot up by double digits in its frenzied Nasdaq debut. But after touching a per-share high of $79.38, the stock quickly cratered, falling to a share price of nearly $22.

Trump Media stock has continued to swing dramatically up and down, even after the company in last month’s quarterly earnings report revealed a net loss of $327.6 million on revenues of just $770,500.

Trump Media currently has a market capitalization of nearly $6 billion. Its value is largely dependent on the popularity of Trump, the headline-generating ex-president and presumptive Republican presidential nominee.

Trump posts almost exclusively on Truth Social, the microblogging social media platform that is Trump Media’s sole product to date. But Trump in early June joined the social media behemoth TikTok, whose traffic dwarfs that of Truth Social.

The company in a recent regulatory filing acknowledged that it “may lack any meaningful remedy” if Trump decides to abandon Truth Social in the future.

Trump owns 114,750,000, or about 64.9%, of the company’s stock. He cannot sell any of his shares until late September, when a post-merger lock-up period expires.

https://www.cnbc.com/2024/06/24/djt-stock-price-rises-after-trump-media-decline.html

 

[toasty]

DJT did a full u turn late in Friday's session, after hitting a low point it rallied hard to end up green and is up $1.95 or 7.05% to $29.61 in the pre-market

conversion of warrants evidently put more $'s in the company's coffers but there is still no evidence of growth in users, engagement of current users, or advertising revenue.

Are any of you playing this long or short?

If yes long, is your theory eventually they will show revenue growth and user gains or simply I think it might meme and I'm taking a flyer on it?

if short, is your theory that dilution and a bad revenue report in August will be the death of any rally and I can afford to carry the short through any brief uptick?

I gotta tell you I was stunned by the pre-market number today

Even nuttier than squirrel shit is the closing price of DJT today $33.52 up 21.19% after being up about 25% intra-day and finishing with nearly 3x's average volume

ON NO NEWS THAT I CAN FIND

If anyone can come up with a reason for a gain that large other than warrants converting, which I don't believe explains this, I'd love to hear it.

I plan on following this until at least Nov but can't believe it will be worth much at that point. a lot of people bet I'm wrong today.

 

[toasty]

$36.12 up 7.76% not sure what the volume is on this move but lady and gentledoggers this thing might pop again today.

I do worry a stock market totally devoid of fundamentals and full of manipulation with little to no penalties is unsustainable, but it is the only game in town, and we gamblers, must play the game.

 

[badascan]

Show us the taxes! Remember when that was the boogeyman's death knell and nary a peep was spoken since?

 

[HOLA]

Even nuttier than squirrel shit is the closing price of DJT today $33.52 up 21.19% after being up about 25% intra-day and finishing with nearly 3x's average volume

ON NO NEWS THAT I CAN FIND

If anyone can come up with a reason for a gain that large other than warrants converting, which I don't believe explains this, I'd love to hear it.

Sucker rally pump and dump. People are unbelievably stupid (and some others are probably using the stock as legalized political bribery). Nothing more complex than that.

Remember, the Trump cult is so unbelievably stupid, so incredibly undignified, that $5 million was spent in 1 day so they could buy online pictures like this:

I plan on following this until at least Nov but can't believe it will be worth much at that point. a lot of people bet I'm wrong today.

 

[LeonardoBjj]

Have any of our smooth brained MAGA cultists admitted they've actually bought shares, or have they been keeping it quiet out of shame, like they do with all the tranny porn they consume?

- I doubt they brought shares. Look at Trump track record. Hes brazilian counter-part (Blow-sonaro) tried to fund a political party, and cond't even reach the minimun number of signatures to do it!

The only reason Trumpo gets this suport, is because USA left are a walking meme!

He would get beat by Obama or G W Bush.

 

[HOLA]

- I doubt they brought shares. Look at Trump track record. Hes brazilian counter-part (Blow-sonaro) tried to fund a political party, and cond't even reach the minimun number of signatures to do it!

The only reason Trumpo gets this suport, is because USA left are a walking meme!

That doesn't explain how he trounced 17 other Republican candidates in 2016. Or however many there were in 2024 - Nikki Haley, Ron DeSantis, etc.

He would get beat by Obama or G W Bush.