DJT was also his casino stock ticker

[pdq]

Til Apr 19. (Strike price 60).

Didn’t have to wait too long.

[Acer]

Like pretty much every high-profile IPO follows the same pattern. Those With Connections buy early and dump early before the stock finds its true level. Even then, I wouldn't trumpet any market cap value until we've seen a good selection of quarterly reports for the new company.

[pdq]

Now, the market can always remain irrational longer than you can remain solvent. But this one?

This one is held up by hot air.

[jonny]

Cough cough... told ya... cough cough.

[Lux Interior]

Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million

Wow.

Those are some solid financials.

I see nothing but upside for this stock.

Everyone should sell all their holdings and load up on DJT.

In fact, use all your margin buying power and buy even more.

Second mortgage on the house.

You'll be so rich.

[$tevie]

Someone on Twitter pointed out that the only value of Truth Social was that Trump had been kicked off Twitter and the MAGAts wanted a social media network that would let their leader speak and allow hate speech. Since then, Elon bought Twitter and negated any need for Truth Social. The only reason to use it now is to show brand loyalty to MAGA. When Trump dies, Truth Social dies, assuming it makes it that long.

[$tevie]

Lux Interior wrote:

Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million

Wow.

Those are some solid financials.

I see nothing but upside for this stock.

Everyone should sell all their holdings and load up on DJT.

In fact, use all your margin buying power and buy even more.

Second mortgage on the house.

You'll be so rich.

It's a money laundering operation. If we had a DoJ that wasn't afraid of Trump, we'd have seen this investigated by now.

[Ted King]

I think it is fair to compare the price to earnings ratio of DJT to other similar media companies:

Meta Platforms (Facebook+) PE ratio: 32.97

The PE ratio of Trump Media & Technology Groupis 0.00.

But maybe that's not so bad:

Price to earnings ratio for Twitter: -413

[Tiangou]

Ted King wrote:
I think it is fair to compare the price to earnings ratio of DJT to other similar media companies:

Meta Platforms (Facebook+) PE ratio: 32.97

The PE ratio of Trump Media & Technology Groupis 0.00.

But maybe that's not so bad:

Price to earnings ratio for Twitter: -413

Twitter doesn't exist anymore.

X is privately held.

No P/E, but Musk says that he's breaking even.

Let's take a look at that...

X Corp is presently (generously) valued at about $19 Billion. It has an estimated $120 million in annual subscription revenue. Have to do a rough calculation here, but Twitter made $4.7 Billion in ad revenue in the last year before Musk's takeover and revenue is supposedly down by 67%, so guesstimate about $1.55 Billion per year in income from ads. Offset that by $1.5 billion in interest payments on Musk's $13 billion in bank loans... and looks like he's got about $170 million before operating expenses... which must be about $170 million if he's breaking even.

(That was fun!)

Way better than DJT.

[pdq]

Just closed out my put position, this time for only one more dinner out. DJT is up today, which is either a dead-cat bounce, or one of Trump's rich buddies bidding it up.

If it goes up further, I'll take out a new put. Longer term, it has nowhere to go but down.