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

[Harpy Eagle]

Oh ok. So living under your means for decades and making smart decisions, like buying a small house, driving paid off cars, and sending your kids to reasonably priced college isn't responsible.... it has to be that I got lucky. Got it.

That is all good stuff, but you are still voting for the duopoly.

 

[Cellblock2429]

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/

/—-/ OH NO. DJT stock rebounds. But what about the narrative?

 

[noonereal]

I'll be semi retired by 55, and retired and doing what I want by 57. Be careful who you call stupid.

Why on earth would anyone want to retire at 55? That sounds godawful.
Did you have a very productive job working for the state or something equally as productive?

 

[noonereal]

Oh ok. So living under your means for decades and making smart decisions, like buying a small house, driving paid off cars, and sending your kids to reasonably priced college isn't responsible.... it has to be that I got lucky. Got it.

What a terrible way to live. Sorry to hear you went through this.

 

[noonereal]

The only reason I said anything was because of noonereal's post calling me stupid. A big mouth internet nobody who doesn't know my situation, assumes I'm stupid because I support Trump, so I corrected him.

Yes, I think you are stupid. You want to retire at 55, you wasted your life and you support Trump. What is one supposed to think of you?

 

[Harpy Eagle]

DJT stock rebounds

When you make post like this it is hard take your claims of being a market genius seriously

 

[Cellblock2429]

When you make post like this it is hard take your claims of being a market genius seriously

/——/ So Yahoo Finance lies? Who knew they are in the tank for Trump?
How about CNBC?

 

[Fort Fun Indiana]

/—-/ OH NO. DJT stock rebounds. But what about the narrative?
View attachment 933422

Hahaha "rebound"... to 28

 

[Cellblock2429]

Hahaha "rebound"... to 28

/—-/ Looks like a rebound today. But you keep lying to.

 

[Harpy Eagle]

/——/ So Yahoo Finance lies? Who knew they are in the tank for Trump?
How about CNBC?
View attachment 933498

learn what a rebound is. you have just outed yourself

 

[Fort Fun Indiana]

/—-/ Looks like a rebound today. But you keep lying to.

Hahahaha

To 28

Wow! So the initial buyers only lost 60%! Well, as of today.

 

[Cellblock2429]

Hahahaha

To 28

Wow! So the initial buyers only lost 60%! Well, as of today.

/—-/ You don’t know who lost what.

 

[Fort Fun Indiana]

/—-/ You don’t know who lost what.

Well, we can be pretty sure nobody made much. Except the orange pile of shit.

 

[Cellblock2429]

Well, we can be pretty sure nobody made much. Except the orange pile of shit.

/—-/ I’ve already posted my $60k profit.

 

[Fort Fun Indiana]

/—-/ I’ve already posted my $60k profit.

Uh huh.

 

[Cellblock2429]

Uh huh.

/—-/ so you forgot our March exchange. Drugs will do that.

 

[Dont Taz Me Bro]

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!

And they'll still defend him.

 

[Fort Fun Indiana]

/—-/ so you forgot our March exchange. Drugs will do that.
View attachment 933561

View attachment 933562

Still not buying that you realized 60K. Sorry.

 

[Harpy Eagle]

/—-/ I’ve already posted my $60k profit.

after you all called this a rebound nobody is buying this lie any longer

 

[Cellblock2429]

Still not buying that you realized 60K. Sorry.

/——/ Can you give me some time to pull my orders from TD Ameritrade going back 2 years?