You know the old expression s/he who laughs last laughs best. We are all going to have one hell of a collective laugh when all is said and done and Donald Trump moves to the House Of Many Doors, where he richly belongs. Plaudits are pouring in for Kamala Harris’s deft manipulation of the GOP candidate and we will certainly discuss that here as the day progresses. For now, let’s take a look at what has happened to Truth Social. The chart above is from Nasdaq. It shows that Trump Media & Technology Group lost almost 17 points (or over $3.00 per share) since last night. The day is still young on the stock exchange, meaning it could tank further.
And what does that translate out to? The end of Truth Social. At the rate this thing is going downstream, Trump needs to pull his money out, which he can do on September 20. That is most likely what will happen. Meidas Touch:
The stock has already fallen nearly 75% from it’s high of $79.38 less than 6 months ago. Trump is unable to sell his shares until next week on September 20, so he is literally watching hundreds of millions of dollars evaporate while he pensively waits. Trump own’s 59% of the total shares, so each drop costs him a fortune.
The stock is down nearly 17% percent right now already today, which can only be described as a crash. Trump predicted that the stock market would crash if Biden was elected, but markets are at all-time highs while his company continues to tank.
With the company continuing to report massive losses, investors have been betting on Trump winning the presidency to inject life and energy into the business. But with the owner facing a prison cell if he loses, prospects for investors aren’t looking bullish over the long term.
Take this at face value. The bottom line here is that Trump’s debate performance made people skittish. And with good reason. And if you think things are bad now, wait until Truth Social goes under and MAGAs lose their life savings. We have seen disillusioned MAGAs before but never like you’re going to see now, en masse.
As a matter of fact, you want to know the true irony of the situation? Trump may be safer in prison if MAGA decides to unite and come after him.
a point is 1 dollar so a 3 point drop on an 18.50 stock is a bfd. (I had to type bfd 8 times before it took). at this point Trump’s stake is still worth over 1.5 billion but that big a drop that fast probably means the bottom will fall out. that said, if someone with a lot of money to burn really wanted to grease Trump’s palm they could arrange a private sale but given the writing on the wall I don’t think there are many people willing to bet on him.
My hubby says the stock has gone back up again. I’m guessing it might be Elon Musk propping it up.
I think it was Putin and/or the Saudis propping it up. 4 billion is chump change to them but life changing for trump. It was always going to drop as trumps lockup expiration approached. The financials are terrible. There are mom and pop companies with larger gross receipts.
I am betting he rues the day he agreed to debate her. If he had just kept his mouth shut, he might have been able to cash in for billions more on the 20th.
Someone has been propping this sh*t/fake stock up to this point and they will continue to do so until dumb-ass cashes out his shares. There are people/governments who want an idiot in the w.h. very badly but they cannot either contribute to the campaign (foreigners) or are facing contribution limits (although PACs would not face this problem so I’m going with the first one). They will make good and damned sure that when 20 Sept rolls around, von shitzinpants will be walking away with his few billions. Of course, everyone else owning any of this sh*t/fake stock will be f*cked, but they never mattered anyway.
I hope the fools who still, for whatever f*cking reason, support von shitzi pay very close attention to what is happening ESPECIALLY the rubes who bought into this garbage. They are going to lose everything they spent on the crap and trust me on this one, bullshit social will no longer be any kind of going concern after the election. You magats were taken for the fools you are and I hope it hurts like hell when you are shamed in such a way. Your turd emperor, a “man” who is dumber than dog-shit as was demonstrated in last night’s debate, conned you people who are, as hard as it is to believe, dumber than he is.
If I’m not mistaken all the appeals on the judgements tick up with interest daily. If his appeals fail, a good chunk will decimate one billion. We really don’t know how much he owes in legal fees. We also don’t know what lawsuits lay in his path. Ms. Carroll could file another one on his recent statements. We know a lot is tied up in properties but we don’t know how leveraged they are. He still has more trials and appeals ahead. If he loses, his whole house of cards could come tumbling down. We can only hope. Of course, in jail, you don’t need billions.
The company has never managed to generate revenue in excess of expenses, so probably the best way to value the stock is to divide the cash value of its assets by the number of shares that have been issued.
Its Jun 2024 filing with SEC shows that as of 30 June the cash and cash equivalent account had about $356 million and the number of issued common shares was about 191 million. After deducting liabilities, the realizable cash assets would be about $342 million. This yields a stock price based on tangible assets of around $1.79 per share. This would be the maximum an investor might expect to recover if the company were to go belly-up tomorrow. Liquidation expenses would drive it down even further.
My interpretation. You can do your own math here:
https://www.marketwatch.com/investing/stock/djt/financials/secfilings?docid=17747649