Trump’s Truth Social parent DWAC stock extends decline

They should have known better than go in business with Trump considering the number of people who have been burned by doing so.

 

Exactly, PL...
As Always--Trump = Reverse King Midas...

 

A good con man knows how to spin his "troubles" as somebody else's fault. Look at all the banks that won't loan him money. Why he could sell his "brand" for this venture is anybody's guess but that's what he does...lies, steals, cheats, rinse and repeats.

 

Honestly, I can't understand how some of you lefty A-Holes function in your day-to-day lives. I've made killing off DWAC and backed off back around November to move capital into commodities and now I'm cautiously playing cheap pennies, food, fertilizer, and NG. I've already made a good profit in Twitter, Snapchat, and Facebook before backing off last year when it was clear that Biden had F-ed the economy.

These companies all collapsed in February. Etsy is pretty much F-ed. Blue Chip Social Media Stocks have lost anywhere from 45-70% since November, and it was all predictable and these moves were discussed in some of the inflation threads. There's been a ton of turnover in the industry since November, and many top executives and technology officers have left the industry or cycled out. Twitter lost Jack Dorsey in late November. Did that mean Twitter was a failed social App? It's possible given their model was based on continued user growth. They might go bankrupt.

Conservative Social Media is clearly disrupting the industry despite these constant negative articles that the left is idiotically posting to these threads, because what else do they have in their lives other than Trump? They are mentally insane, and can't evaluate any situation properly. Right now, DWAC is up 350% this year, and Rumble is up 340%. Social Media companies go through a lot of ups and downs, and I've often rode each wave. It's not a bad idea to start an initial small position in both companies I mentioned. Rumble is only like 40 Cents a share. I don't know why you would not take that risk? It looks like Conservative Social Media will succeeds, and many that don't will cut the legs out from the left-wing sites. Apparently, Conservatives are extremely active on social media, and older ones with money are not participating on these platforms anymore. The younger users are not as interested in these sites, and I see that dynamic among my nephews and their friends.

Trump is succeeding. These Big Tech Companies clearly cannot withstand a loss to their user base and market revenue. The economy is on the verge of collapse. Loan Rates are rising, late pays are increasing, and defaults are beginning to pick up again. Removing Biden, Harris, and the other paternity-leave idiot from office is a national imperative right now, because we are entering the point of no return towards a Great Depression. But go ahead and F-ing laugh it up like pee-brained Hyenas. Republicans could run this country 12-16 years.

 

OK.

 

These are headlines and stories for stupid people? They hate Trump. They will spin any normal setback as a Trump failure. Trump sells. That's why the introduction of these conservative platforms are taking business from the lefty sites.

Trump is succeeding. That's why they're stepping up the attacks. There is turmoil in the social media sector. It's well known in the business community that Meta, Twitter, and others could be heading for major layoff or bankruptcy.

The Democrats are a F-ing National Disaster of epic proportions, and their attacks against Trump are just desperate Hail Mary throws in a game that they will soon lose. These people denigrate Elon Musk, and he's the greatest and most influential American innovator of my lifetime. I remember when NYTime and Bloomberg tried slamming him for minor downturns that one would expect with Tesla. That's just the reality of our left-wing fake journalists.

 

Seriously - is anyone surprised by this? Dirty donny is a loser and everything he touches is a failure.

 

Finishing the Week with a Bang...
Down almost 5% today..

https://www.google.com/search?q=dwa...433i512j0i512.4310j1j4&sourceid=silk&ie=UTF-8

 

I think if you are focusing on the current daily price fluctuations of DWAC you are making a mistake. It can be argued that a lot of the market movements follows the general decline of the tech stocks recently although it is not necessarily true for DWAC.

DWAC has much larger issues to contend with and my advice would be to stay away from the stock unless you are selling or shorting it. At the core of the problem is, will the SEC even approve the merger between DWAC and Trump media? If the merger does not get approved the price will drop back to around $10. DWAC is under investigation by the SEC for illegally entering discussions with Trump Media before issuing shares. NOTE The merger going through does not hinge on the outcome of this investigation.

This article in Forbes is 2 months old which is prehistoric in terms of markets but still contains a lot of useful information regarding DWAC. If you are adverse to reading you can just hit the play button and listen for 8 minutes.

https://www.forbes.com/sites/philli...-in-the-spactrump-media-deal/?sh=5ad800fd4514

Ask yourself why would a billionaire like Trump used a SPAC to bring his media company to the public? Why not just IPO like so many other companies?

 

https://advisory.kpmg.us/articles/2021/why-choosing-spac-over-ipo.html
This may help, did me. I'm no financial expert, but it looks like the opportunity to grift is more likely with an SPAC.

 

The grift that keeps on grifting.

Trump’s social media company plunged in the stock market after reporting a $58 million annual loss in Monday regulatory filings.

Shares of Trump Media & Technology Group, the parent company of Trump’s Truth Social platform, closed with a loss of 21.4 percent Monday. The price of a share dropped to $48.66 by the end of trading Monday, falling $13.30 from its opening price of $59.83.

And my long white robe that I bought last June
I'm gonna get changed 'cause it fits too soon
And the old grey horse that I used to drive
I'll hitch him to the chariot in the morn.

Oh, dem golden slippers
Oh, dem golden slippers
Golden slippers I'm gonna wear
Because they look so neat.
Oh, dem golden slippers
Oh, dem golden slippers
Golden slippers I'm gonna wear
To walk the golden street.​

 

Are you saying that anytime a company's stock drops it's a sign of corruption?

 

I would bet good money Trump is selling some of his stock just like he did in Trump Casino’s

This is what happens when their are no assets to back the fake money

$48.66 right now

 

Talking points haven't been provided yet.

Someone has to think up a reason why literally any drop in share price in a company they dislike is proof that they are right, while a large drop in the price of a company they were gloating about days ago is a 'nothingburger'.

Once those talking points arrive we will get endless repetition/iterations. If they don't turn up it will be silence....except for a few of the most fanatical of course.

 

MONEYWATCH
Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss
https://www.cbsnews.com/news/trump-truth-social-djt-stock-down-losses-revenue-going-concern/
Former President Donald Trump's fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company's stock price lopping $4 billion off its value.

The plunge in Trump Media & Technology Group's shares, which debuted on the Nasdaq Composite Index on March 25 under the ticker "DJT" (after the former president's initials), comes as it disclosed mounting losses in a regulatory filing. The company also noted that its accountant had issued a warning that its losses "raise substantial doubt about its ability to continue as a going concern."

He would if he could, but he can't sell or borrow against it dor 6 months

 

No, that's way to general a statement. What he's saying is that anything Trump is involved in is corrupt.

After all, he's a con man felon who committed fraud in NY for over 10 years. That's a fact backed up by a legal decision , on record.
He's also liable for sexual assault. Also on record.

 

Not sure why anyone would think TruthSocial had any special value, but once again we see MAGA claims go up in thin air like a fart in the wind.

 

Did anyone buy this loser stock?

 

I never thought the fall would be so quick.

I wouldn't be surprised if the company is expelled from NASDAC before the fall.

His shares will be worth almost nothing in 6 months' time.

 

Unless he becomes President, he'll be broke in a year. Like Rudy.

 

I certainly remember MAGAs claiming how special the stock was. Once again the so called financial genius called Trump, loses again.

 

Oh, right!...lol

He's a felon? When was he convicted?

 

You're right, Billy. He's only civilly a fraud and a sexual assaulter. Good point, and stuff.

 

The investors didn't realize the site was making massive losses before the merger, and it's even designed to make money. I'll bet some people bought the stock just because it was associated to their leader.

His stock will be trading in OTC in 6 months

 

I did!

Well, kinda — I bought puts. I am excited!!!!