Small time investors on Trump's Truth Social reckon with stock collapse.

[Captain Caveman]

It is not growing, that is the whole point. According to Axios they only have 1 million daily users now, compared to 2 in 2023.

Twitter had 40 millions users in its first year, up to 151 in its 3rd year.

How many users do you have on your web site?

 

[Harpy Eagle]

How many users do you have on your web site?

 

[Dante]

Small time investors shouldn't be involved in highly speculative issues like DJT. There are a lot of stocks like this.

BTW, if Trump gets in, I'd say that DJT would be in an excellent position to get exclusive stories from the WH, and could be very profitable.

Kookie

 

[Dante]

Most of these folks are trusting and hard working, and don't even see it coming. Blind faith never ends well.



Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT.

Even the company’s plunging stock price — and the chance their investments could get mostly wiped out — doesn’t seem to have shaken that faith. The company has lost $3.5 billion in value since its public debut last month.

As a business, Trump Media has largely underwhelmed: The company lost $58 million last year on $4 million in revenue, less than the average Chick-fil-A franchise, even as it paid out millions in executive salaries, bonuses and stock.

And in two years, Truth Social has attracted a tiny fraction of the traffic other platforms see, according to estimates from the analytics firm Similarweb — one of the only ways to measure its performance, given that the company says it “does not currently, and may never, collect, monitor or report certain key operating metrics used by companies in similar industries.”

But for some Trump investors, the stock is a badge of honor — a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses or donating to Trump’s presidential campaign.

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/

Tired of WINNING yet, and people who believe having Faith in Trump is some sort of sign from above.

Blame: It's stock manipulation, it's the Deep State, it's Liberals and the list goes on, and on, and on. What is lacking is a clear headed view of things. We see it show up on Truth Social, and we see it get smacked right down. This is conspiracy theories run wild. The cult of personality cannot...

www.usmessageboard.com

 

[konradv]

How's it going with DJT now? $26.96 dropped another 13% today so far. Just wait until July 11th....

Trump might have just enough left to buy Newports and KY jelly at the prison commissary.

#LOCKHIMUP

 

[Fort Fun Indiana]

Wow!

26.75

It's almost back down to where it was before the merger!

 

[Fort Fun Indiana]

How many users do you have on your web site?

Is he running for president?

Is he selling worthless stock in his website?

 

[Captain Caveman]

I take it it's less than a million!

 

[cnm]

BTW, if Trump gets in, I'd say that DJT would be in an excellent position to get exclusive stories from the WH, and could be very profitable.

He's already sold out to TikTok.

 

[Missourian]

Up 21% today...

https://www.cnbc.com/2024/06/24/djt-stock-price-rises-after-trump-media-decline.html