I did a search via Bing news this morning.
About the author Chuck Jones—
“”I provide independent research of technology companies””
In other words for those in Rio Linda, Chuck Jones does not have a job.
Forbes is currently owned by China.
Forbes.
Congratulations. You made the list.
The company has no revenue or earnings.
Does anyone think for a second that any programming or platforms created wouldn’t start generating revenue in seconds?
This event is more akin to funding by venture capitalists than an IPO.
I would think Forbes would know better.
As Digital World’s IPO prospectus stated, “We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business combination.” Have fun with that. I am with the Forbes guy on this one.
Possibly but some people made some serious money last week. LOL.
I remember when the geniuses said buying things by mail would not beat going to store because the costs were too high.
IPOs generally have wide swings shortly after their offer because the markets thrive on rumor and hope. The fact that in one day Trump's company went from a high of $175 to a close of around $95 is meaningless. It will find it's real value soon enough. Going forward as long as the company meets its stated goals it should do fine.
Let’s watch the 90 day mark. In Olde Business classes, 90 days was the first mark, containing contacts, supply vendors, 1st advertising attempt, leasing equipment, and establishing a storefront.
This can be carried to the electronic front as well.
Considering some states have elections this November, the 90 days would be nominal for this observation period.
This article means BUY BUY BUY. Forbes is a left-wing, Trump-hating whore of the Big Boys who did not get in on DWAC.
Forbes was sold to a Chinese company, IIRC
Forbes Media, which encompasses the magazine Forbes and other related business ventures, is majority-owned by Integrated Whale Media Investments. The Hong Kong investment group purchased a controlling stake in the company in 2014 for an undisclosed amount. Steve Forbes continued in his role as chairman and editor-in-chief after the sale.
https://marketrealist.com/p/who-owns-forbes-magazine/
Integrated Whale, controlled by Hong Kong financiers Yam Tak-Cheung (aka TC Yam) and Wong Siu Wah (Sammy Wong), along with Singapore businessman Wayne Hsieh, took over Forbes Media in 2014.
https://nypost.com/2017/01/24/forbes-family-finally-gets-paid-after-legal-battle-with-new-forbes-media-owners/
Forbes is effectively managed and run by the CCP (per Xi Jinping state-wide directive) and is in the same league with The Global Times as a Party organ.
What people are actually buying here is their trust in Trump and confidence in his management skills. You can run numbers and statistics all day but the ultimate generator is the man behind the operation.
There are many reasons you may lose money on the stock, however I found this article to be superficial at best.
He does mention possible stock dilution, which all these run up companies engage in. With the stock so high in price, they will issue millions more shares to make money and that can weaken the price.
But the author focuses on what Trump and others will be paid, and makes a statement that Trump has a bad track record with one previous publicly traded company.
Those are concerns, but not the major ones. Big concers are stock dilution, and what actual revenues will be compared to the super high stock price.
I made money on Dwac, Dwacw and Dwacu, BUT on Friday I was desperately selling as some of the stocks dropped by 60% or more.
Wish I’d heard about this a few hours earlier and put more into it. But now that we’ve had the initial surges, you’ll see great volatility and no easy way to figure whether you’ll buy into a surge or a slide.
Be very careful and only invest some extra money you can afford to lose.
going out of their way to do a hit piece
Indeed TDS in action
Wasn’t it Trump who said, Don’t bet against me”?
Does seem like ploy to suck capital out of Trump’s base for what will likely not be a financially successful ongoing concern. However, are insiders on the Street playing pump and dump to get most of that?
Forbes has become radical left wing.
The entrenched financial powers *hate* the ‘retail’ investor, doubly so after the people showed their power to thwart short-selling hedgies (GME).
Disclaimer: I own neither GME nor the several DWAC. Missed out. Oh well.
The usual Forbes drivel...
All these years and Forbes never changes a bit...