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

[cnm]

Amazon lost millions for years...gee, I wonder what people who dumped their shares in THAT because it wasn't instantly profitable are thinking now?

They wish they'd bought more when they had the opportunity.


Don't be like them...

 

[odanny]

It's not an investment, it's a sacrifice, an offering...

A tithe.

 

[konradv]

Buy, baby, buy!

I’ve got some Enron, if you’re interested.

 

[CrazyTrader55]

You may not educable but most people are.
Schools should require several years of logic. Critical thinking skills.

Just how imagine how you would have benefited. You'd have had a complete differant life.

Being stupid must have really sucked.

Hey STUPID. I did go to college and have done very well for myself.

"Better to remain silent and be thought a fool rather than to speak and remove all doubt".

 

[Zincwarrior]

Down 8% this morning.

 

[Zincwarrior]

At this rate in two weeks it will be a penny stock.

 

[CrazyTrader55]

Down 8% this morning.

Awful stock! And no sympathy for anyone who invested in it without knowing the numbers.

 

[konradv]

Really? I'm comfortably retired with a home in Florida and a home in Colorado. I think my investing has been spot on over the years. I don't chase hot stocks. More money has been made investing in real estate in this country than any other means. It's a tangible asset. You can touch it...you can walk it.

But you can’t carry it. Gold hits a new high!

 

[Fort Fun Indiana]

If I may offer a better, safer investment. It's Vaseline. Seriously.

Vaseline Market Size, Share, Growth & Trends [2023-2030]

Vaseline Market was valued at USD 2.6 billion in 2023 and is expected to reach USD 4.9 billion by the end of 2030 with a CAGR of 7.6% During the Forecast Period 2024-2030.

www.verifiedmarketreports.com

Well that will come in handy, when Trump screws them.

 

[Fort Fun Indiana]

My point was that some of the most successful businesses were wildly UNSUCCESSFUL at first

So your point is also that the vast majority of successful business WERE NOT unsuccessful at the beginning.

Nice work.

 

[Procrustes Stretched]

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

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 be denied if one reads what Trump's supporters are actually saying in this article. It's baffling.

And I actually feel bad for these people, like I do for the people who fell for and continues to fall for Ponzi schemes and other cons.


“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.”

 

[Harpy Eagle]

Cash stream? Amazon was losing millions for years.

One can have a cash stream and still be losing money.

How can you not know this?

 

[Captain Caveman]

My point was that some of the most successful businesses were wildly UNSUCCESSFUL at first! Whether Truth Social is successful or not is yet to be seen. Is declaring it a bad investment at this point is based on your dislike of Trump or your dislike of the business model?

All shares in all companies bring risk, but we all know the negativity about Truth Social's shares is the Lefties dislike of Trump.

 

[Toro]

 

[Toro]

LOL

A fool and his money …

 

[Harpy Eagle]

LOL

View attachment 933111

A fool and his money …

That is awesome! Thanks for posting that.

 

[Toro]

Orange Jesus totally fucked his bondholders when he went bankrupt for the umpteenth time. They were almost entirely old people like MAGA today. They got 30 cents on the dollar. If they were lucky.

If you’re that stoopid to buy the stock of a company valued at $6,000,000,000 that has $4,000,000 in revenues for anything other than a Greater Fool trade, you never should have had that money in the first place.

Grifters gonna grift, MAGA. All you are is a wallet to your Orange Messiah!

 

[Harpy Eagle]

All shares in all companies bring risk, but we all know the negativity about Truth Social's shares is the Lefties dislike of Trump.

We know much more than that.

We know it is bleeding money.

We know that is is not growing at all.

We know that its only draw is Trump himself and that is not enough to keep a site like TS growing.

We know that it's initial stock offering put it on the same level as Reddit, which is fucking stupid for a company like TS

 

[odanny]

LOL

View attachment 933111

A fool and his money …

That has to be satire. No one is that stupid.

 

[Fort Fun Indiana]

All shares in all companies bring risk, but we all know the negativity about Truth Social's shares is the Lefties dislike of Trump.

It was the Truth Social financial statement. The one that showed the stock price is a scam. FFS read something.