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Truth Social stock boom fueled by chatter of possible sale to Elon Musk
NY Post ^ | Nov. 1, 2024 | Charles Gasparino

Posted on 11/04/2024 12:27:11 AM PST by DeplorablePaul

The massive run up in shares of DJT, the stock symbol for Donald J. Trump’s social media company Truth Social, has been described by me and others as a meme-induced phenomenon.

The stock is buoyed by what some might say is an irrational degree of exuberance that Trump will win the presidential election – which in turn would, somehow, be great for the bottom line of a money-losing platform that will face stiff competition and a difficult business environment whether or not Trump takes the White House

But there definitely is talk swirling around Trump World, including people who hang around Mar-a-Lago, that Truth Social is being eyed by Musk in terms of some sort of combination with X.

(Excerpt) Read more at nypost.com ...


TOPICS: News/Current Events
KEYWORDS: business; charlesgasparino; djt; elonmusk; investing; musk; spacex; stock; stocks; texas; truthsocial
I hope Musk buys TS. I was banned for life, twice, on twitter. Maybe I can get my account suspension lifted if I sneak in with a TS account. Oh, and I own a bunch of TS stock.
1 posted on 11/04/2024 12:27:11 AM PST by DeplorablePaul
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To: DeplorablePaul

X is great now. I say whatever I want to leftists and I haven’t even gotten a warning :)

It’s great using choice words to tell them what I think of them!


2 posted on 11/04/2024 1:11:09 AM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: dp0622

I’m jealous. When I was on twitter I loved insulting celebrities.


3 posted on 11/04/2024 1:14:30 AM PST by DeplorablePaul
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To: dp0622

I rarely post on twitter, you’re right it’s a lot better than before, I subscribe to a lot of different news channels and reporters and the news alone is worth being on twitter, the news is real time and allows for people to challenge the authenticity of the post thru community notes


4 posted on 11/04/2024 1:33:55 AM PST by srmanuel (, )
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To: DeplorablePaul

When Elon bought Twitter, it took away the necessity for Truth Social and hurt the value. Fine by me though, since Twitter under Elon is helping to possibly rescue Western Civilization.


5 posted on 11/04/2024 2:11:50 AM PST by UnwashedPeasant (The pandemic we suffer from is not COVID. It is Marxist Democrat Leftism. )
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To: DeplorablePaul

it’d be great for Elon to buy Trump Media.

marketcap is $6b right now

President Trump would be able to recoup what he lost prior to running.


6 posted on 11/04/2024 3:22:17 AM PST by sten (fighting tyranny never goes out of style)
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To: sten

I wonder if he would keep it as a separate brand, or merge it into X.


7 posted on 11/04/2024 3:33:30 AM PST by Lisbon1940 (I don’t see why they would)
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To: srmanuel

Fake News is dying
Folks get their news from X, and soon, Truth Social


8 posted on 11/04/2024 3:34:59 AM PST by Steven Tyler
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To: Steven Tyler

The other place you can follow events outside of the USA without the propaganda from US News outlets is Telegram, pretty much anything goes on Telegram so you have filter a lot of things but it can be an excellent source


9 posted on 11/04/2024 3:47:11 AM PST by srmanuel (, )
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To: DeplorablePaul

“Don’t put all of your eggs in one basket.”

It is best that conservatives have many different outlets.

Buying Twitter put Musk in the crosshairs of globalists.

Musk is out of their good graces & $35 billion.

I’ve read some projections here this morning. I’m very doubtful that Trump will carry Georgia.

Kamala-class communism might get voted in and there is a better chance of getting rid of Maduro than Kamala-class communism.


10 posted on 11/04/2024 5:39:21 AM PST by Brian Griffin ("Base load affected facilities...must meet a second phase standard based on 90% capture of CO2" EPA)
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To: DeplorablePaul

It takes $335K a year to keep Free Republic going.

Perhaps Musk should set up a foundation.

Maybe Musk can slow Henry Ford’s RPMs.


11 posted on 11/04/2024 5:42:48 AM PST by Brian Griffin ("Base load affected facilities...must meet a second phase standard based on 90% capture of CO2" EPA)
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To: DeplorablePaul

This makes no sense. Just clickbait rumors.


12 posted on 11/04/2024 5:47:50 AM PST by Fido969
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To: DeplorablePaul

I hope MUSK buys NYT & WaPo & closes down both of them.


13 posted on 11/04/2024 5:59:53 AM PST by ridesthemiles (not giving up on TRUMP---EVER)
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To: DeplorablePaul

Hope there’s no sale even though Trump may benefit. We need an alternative to X/Twitter until Musk can guarantee that it will not again fall under leftist control.


14 posted on 11/04/2024 6:12:24 AM PST by Socon-Econ (adi)
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To: DeplorablePaul

TS is worth maybe $28 mil. Even Trump thinks it’s nearly worthless.


15 posted on 11/04/2024 7:07:35 AM PST by FreedomNotSafety
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To: dp0622

I have quoted stuff posted by leftists when replying back and got their computerized responses and post views limited for stuff like this:


So, you think that your post was telling us anything?

“Hey, you idiot, it is so legal!”


That got be flagged, but not banned.

I agree X is really good now, it has been really important in this election also I think, in fact it is the #1 source of news in the US now per several reports.


16 posted on 11/04/2024 7:29:14 AM PST by Weirdad (Orthodox Americanism: It's what's good for the world! (Not communifascism!))
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To: DeplorablePaul

On ‘Jesse Watters Primetime,’ Jesse was talking about how Trump is posting threats to world enemies, warnings to some world leaders and prepping world peace. Made me wonder how Truth Social is doing.


17 posted on 12/03/2024 5:44:45 PM PST by NetAddicted (MAGA2024)
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