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$750K in revenue? <$300 million on-hand? I'm surprised it's lasted this long. But most shocking of all: $6.6 billion-with-a-"b" market cap? Who the hell bids th

$750K in revenue? <$300 million on-hand? I'm surprised it's lasted this long. But most shocking of all: $6.6 billion-with-a-"b" market cap? Who the hell bids this shit up? Who but DJT himself would touch this stock? But while Truth Social is on it's way to being delisted, today I learned a valuable lesson: don't make the stock symbol your initials. Someone is not going to be pleased when "DJT" is a penny stock trading OTC.

rc_kas 2y ago
[flagged]
moomin 2y ago
It would not be the first company with stock ticker DJT launched by Donald Trump Jr to go bust. https://amp.cnn.com/cnn/2024/03/25/investing/trump-stock https://amp.cnn.com/cnn/2024/03/25/investing/trump-stock
ceejayoz 2y ago
> Who the hell bids this shit up? Who but DJT himself would touch this stock? Oligarchs who can’t otherwise send Trump billions in campaign contributions. Bid it up, let him sell, and suddenly he owes the bonesaw and polonium people a big favor.
- toolz 2y ago
  Trump won against hillary spending roughly half as much as she spent and spent proportionally even less to win the primaries. He's not a candidate that wins based on money, which is in contrast to almost every other election in modern US history. Maybe he is getting money in shady ways, but his funds compared to his results wouldn't suggest that is the case.
  - ceejayoz 2y ago
    He’s a candidate that owes half a billion in legal losses that put his prized real estate empire at risk.
    - toolz 2y ago
      He appealed that case and it's not a criminal case to begin with, he can juggle his finances and avoid probably the vast majority through loopholes and just refusing to pay while new york attemps (and probably fails) to garnish hundreds of millions from him and he'll probably brag about it the whole time to his fanbase.
      - ceejayoz 2y ago
        Its being a civil case is entirely irrelevant to his financial situation. The appeal's likely failure is part of why getting to the end of the Truth Social lockup period is so critical to Trump. Anything he can do to delay until then, he will. Plenty of Trump's properties are within NY; the AG was ready and poised to start seizing. Hard to move Trump Tower out of NYC without someone noticing.
- drexlspivey 2y ago
  Are you just making stuff up? He can’t sell because there is a lockup period. It’s mostly retail buying the stock for the memes
  - ceejayoz 2y ago
    The lockup period ends before the election, and he’s currently desperately working to delay his half billion dollars he owes from losing civil suits.
deleted 2y ago
[deleted]
afavour 2y ago
> Who the hell bids this shit up? Who but DJT himself would touch this stock? Probably a mix of true believers (“Trumpism is a cult!” is basically a meme but also contains a kernel of truth) and rich folks looking to make a “donation” to Trump without directly doing so. It’s like how Trump’s hotel in DC was constantly packed until the day he lost the presidency. If you were a foreign dignitary, walked into the Oval Office and tried to give Trump a suitcase of cash… well, that would be bad. But if you walked in and said “Mr. Trump! My staff and I have been enjoying our stay in the luxury suites of your hotel” then that’s just innocent conversation about how you recently transferred some money into his pockets!
paxys 2y ago
People are buying the stock because: 1. They believe Trump is the second coming of Christ and so it is their duty, OR 2. They want to "donate" to him/his campaign and get favors in return down the line, OR 3. They anticipate it will go up because of 1 & 2 (and so are themselves pushing the price up even higher)
- miohtama 2y ago
  DJT is also one of the most shorted stock today, to the point they are complaining it’s market manipulation https://www.cbsnews.com/news/trump-media-nasdaq-naked-short-selling-djt-stock/ https://www.cbsnews.com/news/trump-media-nasdaq-naked-short-...

rc_kas 2y ago

[flagged]

moomin 2y ago

It would not be the first company with stock ticker DJT launched by Donald Trump Jr to go bust. https://amp.cnn.com/cnn/2024/03/25/investing/trump-stock https://amp.cnn.com/cnn/2024/03/25/investing/trump-stock

ceejayoz 2y ago

> Who the hell bids this shit up? Who but DJT himself would touch this stock? Oligarchs who can’t otherwise send Trump billions in campaign contributions. Bid it up, let him sell, and suddenly he owes the bonesaw and polonium people a big favor.

toolz 2y ago
Trump won against hillary spending roughly half as much as she spent and spent proportionally even less to win the primaries. He's not a candidate that wins based on money, which is in contrast to almost every other election in modern US history. Maybe he is getting money in shady ways, but his funds compared to his results wouldn't suggest that is the case.
- ceejayoz 2y ago
  He’s a candidate that owes half a billion in legal losses that put his prized real estate empire at risk.
  - toolz 2y ago
    He appealed that case and it's not a criminal case to begin with, he can juggle his finances and avoid probably the vast majority through loopholes and just refusing to pay while new york attemps (and probably fails) to garnish hundreds of millions from him and he'll probably brag about it the whole time to his fanbase.
    - ceejayoz 2y ago
      Its being a civil case is entirely irrelevant to his financial situation. The appeal's likely failure is part of why getting to the end of the Truth Social lockup period is so critical to Trump. Anything he can do to delay until then, he will. Plenty of Trump's properties are within NY; the AG was ready and poised to start seizing. Hard to move Trump Tower out of NYC without someone noticing.
drexlspivey 2y ago
Are you just making stuff up? He can’t sell because there is a lockup period. It’s mostly retail buying the stock for the memes
- ceejayoz 2y ago
  The lockup period ends before the election, and he’s currently desperately working to delay his half billion dollars he owes from losing civil suits.

deleted 2y ago

[deleted]

afavour 2y ago

> Who the hell bids this shit up? Who but DJT himself would touch this stock? Probably a mix of true believers (“Trumpism is a cult!” is basically a meme but also contains a kernel of truth) and rich folks looking to make a “donation” to Trump without directly doing so. It’s like how Trump’s hotel in DC was constantly packed until the day he lost the presidency. If you were a foreign dignitary, walked into the Oval Office and tried to give Trump a suitcase of cash… well, that would be bad. But if you walked in and said “Mr. Trump! My staff and I have been enjoying our stay in the luxury suites of your hotel” then that’s just innocent conversation about how you recently transferred some money into his pockets!

paxys 2y ago

People are buying the stock because: 1. They believe Trump is the second coming of Christ and so it is their duty, OR 2. They want to "donate" to him/his campaign and get favors in return down the line, OR 3. They anticipate it will go up because of 1 & 2 (and so are themselves pushing the price up even higher)

miohtama 2y ago
DJT is also one of the most shorted stock today, to the point they are complaining it’s market manipulation https://www.cbsnews.com/news/trump-media-nasdaq-naked-short-selling-djt-stock/ https://www.cbsnews.com/news/trump-media-nasdaq-naked-short-...