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.
He needs to come back to X (Twitter )
This will barely move
Honestly, I’m still perplexed as to why Trump has not come back to his Twitter account post-Elon.
Well, that cinches it! I’ll be voting for Heel’s Up come November!
*SMIRK*
Question, not a critisism....
I heard something about boycott threats against advertisers. Is this the cause of low revenue?
[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.]
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
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?
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.
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.
Paramount and Disney both lost WAY more that.
Pound sand. You have no idea what you’re even doing or saying
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.
I bought 50 shares at @62 at the IPO. I think there was some shorting going on. This is very disappointing.
How many felony charges/convictions will result from this?