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+--- Thread: Invest much? Time to 'short' Truth Social. (/showthread.php?tid=285925)
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Re: Invest much? Time to 'short' Truth Social. - jonny - 03-27-2024
Carnos Jax wrote:
[quote=jonny]
DJT: closed at 15,850.85
I think that’s something else…..Dow Jones Transportion Average
Thanks for the correction.
Re: Invest much? Time to 'short' Truth Social. - hal - 03-27-2024
Carnos Jax wrote:
It appears DJT (the one affiliated with Trump) has been hovering around $70 all day, then crashed to $58 at close, then went up to $61 after hours. So, not doing well?
the close the day before was $49.95
the symbol is DJT on nasdaq
Re: Invest much? Time to 'short' Truth Social. - GGD - 03-27-2024
Here's the stock quote for it
https://www.google.com/finance/quote/DJT:NASDAQ?hl=en
Re: Invest much? Time to 'short' Truth Social. - bfd - 03-27-2024
Fortunately, for the few schemers at the top, the ones left holding the bubble when it bursts will be all of the MAGAts that are buying all of this worthless meme stock. Note that reputable investors are staying clear of it.
Re: Invest much? Time to 'short' Truth Social. - hal - 03-27-2024
another massive day for DJT, but nothing is happening after hours. Perhaps the big wave of buying is over.
Re: Invest much? Time to 'short' Truth Social. - jonny - 04-01-2024
https://www.washingtonpost.com/technology/2024/04/01/truth-social-trump-media-results/
Former president Trump’s social media company said Monday it lost more than $58 million last year, sending its stock plunging more than 20 percent only days after a highflying public debut valued it at more than $8 billion.
Trump Media & Technology Group, which owns Truth Social, said in a new Securities and Exchange Commission filing Monday that the company generated just over $4 million in revenue last year, including less than $1 million in the last quarter of 2023.
The nosediving share price of the company — which uses the stock ticker DJT, for Trump’s initials — shaved hundreds of millions of dollars off both the company’s market value and Trump’s wealth, given that he owns about 57 percent of the firm.
The new financial figures throw into stark relief the gap between Trump Media’s highly hyped investor-driven valuation on the public stock market and the reality of its business performance.