Trump Media & Technology Group, the owner of struggling social media platform Truth Social, is began its long-delayed journey as a public company at Tuesday’s opening bell under the ticker symbol “DJT.”
The stock surged about 56% at the open, to $78, and trading was briefly halted for volatility. Trump Media shares have since stabilized at around $70, marking a 40% increase from Monday’s close.
Wall Street is assigning Trump Media an eye-popping valuation of around $13 billion — a price tag that experts warn is untethered to reality.
The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users.
“This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years.
It’s literally a platform to talk to the most gullible and easily manipulated group of people. You can hate everything about the platform but you have to admit magas fall for everything and are willing to pay for it. These people bought trump bucks…
Ooh, I’m gonna go see how long it takes to be banned.
Ugh it’s so calculated too… Just as Reddit went full retard, the Dumpf stands there welcoming the exodus to his Glorious One Regime As A Service.
What happened to Reddit after the Digg! migration was that Reddit turned into shit. And now reddit passes the concentrated shit onto the next gaping mouth who also happens to be President (because let’s not kid ourselves, that’s how we all know it will play out- we are not fighting the Republicans, we are fighting the Russians and the Republicans). When will the centipede stop feasting on our feces?
These people bought trump bucks…
This isn’t a good representation of them
They bought them AND tried to use them as legal tender
You can now sell out your country on the NASDAQ. Now that’s an efficient market.
The whole situation is so fraudulent that you can’t even short it.
Puts seem overpriced
Two words. Money. Laundering.
Hey Bro have you heard about Crypto!?
Same target audience for this stock …
Sounds pretty logical to me.
Let the laundry begin!
Never has a short selling opportunity been so good…
Short term options are currently valuing almost 400% volatility. Your gonna pay out the ass for put options or for the margin required for a short sale. I wouldn’t go anywhere near this.
As they say… that’s priced in.
This guy trades. Can confirm. Puts are outrageously overpriced. U gotta hate trump a whole lot to buy weekly puts
Money laundering. Just like buying those bibles.
You know… In my life I’ve had to talk a few people out of scams.
I know they were scammed, it’s blatantly a scam, the evidence is overwhelming, my experience is solid, everyone I know of’s experience says the same.
Yet they will argue with you back and forth and never really be satisfied because they want to believe it so much, and I imagine it stings a good bit being told you’re being ripped the fuck off and you’re too stupid or inexperienced to understand that.
I’m never confrontational about it, I just make it very perfectly clear that proceeding would be extremely ill advised, and that even their own worries brought them to me asking for my opinion because they trust my judgment.
It scares me how long it takes to convince them, and how often in the end they come to me a month later and I ask them how it went, and they went and bought it anyway, for whatever far fetched rationalization they managed to construct for themselves.
Psychology is real, psychology is simple, all it takes to control humans is to have no care for anything but yourself.
“Yes, I know it’s scammy, but I’m getting in on the ground floor so I’m not the one who will be holding the bag” is a sentiment I’ve seen (and occasionally held) entirely too often.
NGL I’ve been there myself more than once. That is how I know. Winners never quit, quitters never win, but if you never quit and never win, you’re a moron.
I’m assuming they see massive market potential for running penis pill and gun ads on it?
Being untethered to reality is literally in the definition of stock trading. They have never represented anything but what dumbasses thought they could make off of it.
It’s Texas Hold’em with extra steps.
They are degenerate gamblers.
Gambling, in my personal opinion, is one of the absolutely most tragic and devastating dependencies there are, and I would include meth abuse among them. At least meth heads tend to live past 40 or so. You get gambling debts and you will be fitted with lead boots in the harbor. I lost my best friend to it, and I’ve seen others on the same path. Drugs are nothing compared to what gambling does to the brain. It’s basically the same, only imagine a drug that you must take a new dose of every 0.82 seconds. Forever.
The shitty thing is, compared to drug addiction if you ODed usually you’re the only one who got injured. But with gambling debt, even if you’re already sleeping with the fishes, sometimes they still go after your family or business partners. That’s what basically happened to my friend, his business partner drowned in debt, stole money from their business ventures and ran away, he’s the one who must pay the debt because the dude promised he’ll pay back after their business is up and running.
Coincidentally, being untethered to reality is the core mindset of the Truth Social user base.
Trump is the best thing to ever happen for the 1%. People are more divided then ever, and the media doesn’t have to report on anything but him.
anything but him.
Woah now, sometimes they switch it up!
Did you see what Taylor Swift was looking at recently? Her eyeballs glanced at something for like 5 seconds! What does it mean? The internet is just absolutely going crazy over the fact that insiders claim she farts sometimes too!
/s
I remember something about a war in Europe, but then out of the blue came a super weak Hamas attack on Israel, and now I don’t know who’s warring whom anymore. Taylor Swift though, she’s got above average looks and talent, so something is good in my world at least.
The stock market is not about company fundamentals, which they may influence people. However at the end of day, the stock market is all about the feels.
This is so damn true it hurts.
Bearish on FEELS.
The stock market is untether from reality to being with.
Trump is now a stock.
A meme stock
Follow the money. I guarantee this is Russian financing being done at a remove.
guarantee this is Russian financing
Fair more likely it’s Saudi or Israeli money, given how Russians have been cut off from the SWIFT banking system through sanctions.
I am shocked hearing people say that out loud even. Isn’t that extremely, painfully, provably obvious to everyone? No. It is not. It is a matter of “both sides” debate, apparently.
“Hi, I sell snake oil. It cures cancer!”
“Oooh, I LOVE not having cancer! I’ll buy 1. No, wait, 1000!”Don’t forget about the Saudis.
The CCP is also very interested in all this
It’s standard Beijing policy not to intercede when Americans are shooting themselves in the feet
pedos are as well
not sure they are quite so well organised
I have some bad news for your peace of mind…
I dunno. Epstein et al. seemed fairly well organized.
organised enough to run a pump and dump on stock?
I wish this were the case.
It’s crazy scary how coordinated that community gets to get their fix, which is why one takedown often leads to more.
It’s crazy how far any community goes to get “its” fix.
Neurologically speaking, our brains’ reward-punishment module is too damn directly exploitable.
The Saudis, the Israelis, and the Chinesis all have old “trade” agreements with the US.
One other country has joined the club, only they snuck in the back door to burn the whole thing down.
None of the others’ intent is to overthrow US democracy, because they depend on it for not living like Tuskan Raiders in a post-apocalyptic wasteland.
Russian financing how? They can’t access banks, I doubt they’re wasting precious foreign currency on this.
They can still trade in rubles with other countries that are willing to trade with them. It’s not inconceivable that they can ‘launder’ a trade via, say India:
-
Russia buys a few billion-ruble toothbrushes from India
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India invests the equivalent in USD with $DJT (minus a cut)
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India uses those rubles to trade at market value for goods with other countries that also trade in rubles
Replace India and Saudi Arabia with any 2 countries on this list: https://www.tbsnews.net/economy/bangladesh-among-over-30-countries-approved-trade-rouble-russian-embassy-705798
Cluing in many people into conspiracies like that would require makes them much harder to keep secret
-
Just because they’re not allowed to access banks doesn’t mean they can’t.
Lots of people, organizations, and even governments do all sorts of crimes even though they’re really not supposed to. Conceptually speaking, money laundering is a fairly simple crime to do and, like so many crimes, it gets easier to get away with the more powerful you are.
If you’re creative and determined you can reframe a lot of basic interactions as crimes.
And if you’re gullible it’s easy to reframe them as part of the “nothing is happening in the world and geopolitics are not a thing” conspiracy theory.
Ah shit I forgot what thread I was on and was just “the cops will lock you up for pissing sideways” rambling.
Yeah, us communists are all the same, just repetitive propagandistic slogans and dumb soundbites led by an uncharismatic moron telling us what to do.
Go build a wall, or bridge or whatever.
Edit: Wait, wait, you weren’t being sarcastic? If so my bad.
Every dollar you launder still has a risk of being caught, like I said, they have more pressing things to spend foreign currency on.
More pressing than possibly owning the next American president? No, they don’t.
His bond was reduced, he doesn’t need the money that desperately that they’d own him
Since there isn’t enough info out there for either of us to be wholly right, I will have to agree to disagree.
Cheers mate.
True fair enough
What? Their money has literally impeded us continuing to give aid to Ukraine. Their investments are paying insane dividends.
Their money has literally impeded us continuing to give aid to Ukraine.
Is there solid evidence of that?
Why don’t you read the fucking news, Sherlock.
I doubt they’re wasting precious foreign currency on this.
Their EXISTENCE hinges on winning the US election right now.
It’s literally ALL they are “wasting precious currency” on.
WELCOME TO FINANCE! There are no rules, and if we break them, we remake them!
This is a case where I literally both hate the player and the game.
I just have to say, the folks at Reddit must be eating their own hearts out right now.
If only they hadn’t shut down The_Donald, this could have been them.
