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As I posted earlier this week, I took a flier by buying 1500 shares @ $26.

I'll be selling. This is an unmitigated disaster that boggles my mind. The losses don't bother me: they're common with start-ups.

But how, in the midst of the avalanche of interest in President Trump and his campaign, this company is able to report a DECLINE in revenues is beyond me. This is a $5 billion company with sales just slightly over those of a single McDonalds restaurant.

Additionally, insiders (not just President Trump) will be able to sell shares for the first time since the merger on September 20.

It's very disappointing. I wish all other longs well. I'll take my proceedss and wait on the sideline for positive momentum before recommitting.

1 posted on 08/10/2024 7:27:51 PM PDT by Miami Rebel
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To: Miami Rebel

He needs to come back to X (Twitter )


2 posted on 08/10/2024 7:32:22 PM PDT by forYourChildrenVote4Bush
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To: Miami Rebel

This will barely move


3 posted on 08/10/2024 7:32:44 PM PDT by Lod881019
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To: Miami Rebel

Honestly, I’m still perplexed as to why Trump has not come back to his Twitter account post-Elon.


4 posted on 08/10/2024 7:32:49 PM PDT by Ultra Sonic 007 (There is nothing new under the sun.)
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To: Miami Rebel

Well, that cinches it! I’ll be voting for Heel’s Up come November!

*SMIRK*


5 posted on 08/10/2024 7:40:12 PM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Miami Rebel

Question, not a critisism....

I heard something about boycott threats against advertisers. Is this the cause of low revenue?


12 posted on 08/10/2024 8:09:20 PM PDT by patriot torch (NO DOUBT THESE SCRIPTURES WILL SEND THOSE OF THE CIRCUMCISION INTO A TAILSPIN. OH WELL, SO BE IT. )
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To: Miami Rebel

[As I posted earlier this week, I took a flier by buying 1500 shares @ $26.

I’ll be selling. This is an unmitigated disaster that boggles my mind. The losses don’t bother me: they’re common with start-ups.

But how, in the midst of the avalanche of interest in President Trump and his campaign, this company is able to report a DECLINE in revenues is beyond me. This is a $5 billion company with sales just slightly over those of a single McDonalds restaurant.]


This is a dead company walking. Twitter, with 1,000 times its revenue, is a money-losing operation. Note that Twitter is run by Elon Musk, one of the visionary entrepreneurs of our era, matching Steve Jobs, Bill Gates and Jeff Bezos in the scale of what he’s accomplished.

Whereas Trump is a dabbler with a very mixed business record even in businesses where there are many winners. Unfortunately for Truth Social, social media is winner-takes-all. Runners-up get nothing, or next to nothing. That’s how Yahoo went from top dog to being bought for peanuts by Verizon, ~$5b. Its revenues? ~$5b, almost 1,500x Truth Social’s. And unlike Truth Social it was profitable.

https://finance.yahoo.com/news/yahoo-2q-2016-earnings-do-not-matter-either-way-195714147.html


13 posted on 08/10/2024 8:09:37 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room)
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To: Miami Rebel

The problem with Truth Social is that Trump is the only well-known person who is on it. Do any conservative media people even post on it?


22 posted on 08/10/2024 9:03:29 PM PDT by lasereye
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To: Miami Rebel

I took a bath on this stock, too, getting in too late. I’ve just been hemorrhaging money on it and will be selling this week, too. I thought it maybe would go up with Trump earlier leading in the polls, but I think a lot of investors figure the company would be dead if Trump was elected President.


23 posted on 08/10/2024 9:05:02 PM PDT by Mozzafiato
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To: Miami Rebel; All

Elon Musk buying Twitter was the death knell for Truth Social...never had a chance.

In other news “Rumble” is fortunately doing OK as an alternative to YouTube.


24 posted on 08/10/2024 9:10:52 PM PDT by Drago
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To: Miami Rebel

Paramount and Disney both lost WAY more that.


33 posted on 08/10/2024 9:45:27 PM PDT by Zathras
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To: Miami Rebel

Pound sand. You have no idea what you’re even doing or saying


38 posted on 08/11/2024 3:36:09 AM PDT by spacejunkie2001
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To: Miami Rebel

I think there are so many shares if DJT sold short now that it could see a MOASS (Mother of all Short Squezes). There’s no way I will sell my DJT shares right now.


40 posted on 08/11/2024 3:51:15 AM PDT by MulberryDraw
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To: Miami Rebel

I bought 50 shares at @62 at the IPO. I think there was some shorting going on. This is very disappointing.


41 posted on 08/11/2024 4:03:10 AM PDT by DeplorablePaul
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To: Miami Rebel
reported a net loss of more than $16 million for the most recent financial quarter,

How many felony charges/convictions will result from this?

42 posted on 08/11/2024 7:10:50 AM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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