52 week high: $79.38
52 week low: $12.40
Current: "$28.66
The company has very little revenue at the moment.
Nonsense. You’re the same one who was hoping the merger didn’t get through so you could cut your losses. You’re either lying or ignorant about the stock. When warrants are exercised new stock will be issued. Has been the plan from day 1.
It’s dropping like a rock. It’s astonishing. Typically stocks do fall a bit after going public but not like this and typically recover pretty quickly. I hope trump can sell in five months.
You know the people that hate Trump are involved and will spends millions to destroy this company
CNBC (Communist National Broadcasting Company)
Look at Johnny one note, the author?
https://www.cnbc.com/kevin-breuninger/
Pure Trump hater propaganda.
Horrible source. Zero Credibility
The way wall street was hit last week nothing looks safe until after November.
I suppose the filing mentions risks that have been mentioned before, but it has many interesting things
The warrants have a time bomb inside, which isn’t completely clear to me but seems like if the stock trades above $18 for a certain number of days, the company can “yoink” them back for a penny. They mention some recent information which sounds as if the countdown is proceeding.
The relationship with Trump and his continuing to boost Truth Social is pretty obviously the only thing of value the company has, but he gets to break the agreement if he decides it doesn’t meet the “highest standards of quality” and they don’t fix it in 30 days. They admit this criterion is entirely subjective. This is probably not new, but is pretty funny.
Similarly amusing, they have to list possibilities like “conviction” and “incarceration” for the guy who controls 57% of the voting power. I don’t think Facebook is disclosing that risk for their top dude.
like i said, if you want to help president trump, give money to him instead of buying stock right at this moment until it drops further because of dilution.
I’m set to buy maybe a thousand shares when it hits below $17, i think it has one more chance to go up at its current state.
never buy on opening day
This is all the braindead “experts” can talk about. “Trumps media” going broke. They more like “expert” azhos. How come we never hear the bass turds talking about that crook, Menendez or Big Fani Willis?
Stock in its wildest dreams was never an $80 stock.
Yes, its not unusual for a tech company to be losing money when it goes public, but this thing only had $4M in total revenue last year... which is just ridiculous.. I mean the average McDonalds Franchise has about 3.5M in revenue.
I really don’t have any idea who was buying this stock at that price, but they are going to have to wait a long long long time before they will be breaking even on it, if ever.
With that kind of Revenue stream, I really gotta question who’s running the ship there. With reports of about 5 Million members, it isn’t even generating $1 per member in annual revenue.
I know when they went live the focus was getting it stable and scalable, because of the fustercluck that was the launch, but that was 2 years ago, so in the time since what has leadership been doing?
Clearly the buyout/partnership was a good deal for the folks who had equity, but sure doesn’t seem to me that any focus at all has been spent on the actual fundamentals of the business itself.
Or course will it survive once Trump is out of the limelight? I honestly don’t know if it will survive Trump’s second term.
The gang’s all here!
New Reddit IPO stock price was at $65.11 on March 25, 2024
Today after just 3 weeks it is at $40.00
Reddit is a social media site that has never made money and it has been around since 2005. Big liberal site that bans any view some “moderator’ does not like.
DJT was $66.22 on March 22, 2024 and now at $25.61 some 3 weeks later.
Tech stocks have also plunged.
My AMD was at $227 on March 7, 2024 and today it is at $160.32
Nvidia was at about $922 and today is at $$860.01
Once Biden is gone and the democrats not in control of congress, the economy will roar ahead.