this post was submitted on 26 Mar 2024
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Of course he made the stock symbol his initials...
Just like we had to wait longer for Covid stimulus checks so that his name could appear on them. Guy's ego is a big problem.
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May as well just light your money on fire, Wall Street.
It almost sounds like an in-power group of people who have a vested interest in other in-power people being able to leverage "value" of an asset to get out of trouble to then help the first group are artificially inflating the "value" of something they set.
Twitter is valued at around $19B by Musk himself, and it has around 300 million users. Truth has 500,000 users. They have 1/600th the users and are valued at 2/3rd. They only generated $5M in revenue while losing $50M in costs. Twitter had roughly 200 times higher revenue, yet only 50% higher value. It's insane how obviously wrong the valuation is. And the thing is, sometimes tech companies have seemingly high valuations when losing money but are still worth it because of the potential for growth... but where is the growth coming from for Truth? Ain't nobody jumping from Twitter for Truth that hasn't already. It's not like there's a huge boom of conservatives coming our way. If anything, Truth's current trend of losing users will only continue with Threads coming online and other social media outlets.
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Revenue of $ 3.4 million should put it around a $ 34 million value, provided it had normal profit. But it operates at a deficit, and AFAIK a not impressive growth rate. So a more normal estimate would probably put the company about $ 20-25 million.
The talk about billions is ridiculous to a degree where it's either insane, or some sort of scheme exist to pump it to hundreds of times the actual value.
It's absolutely a way for Saudi Arabia & Russia to pay Trump's fines.
That could be it, I bet something is going on, that is probably in the gray area, that could be outright illegal if done directly.
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This is a roundabout way for billionaires to donate to Trump without him having to necessarily disclose everything.
That's it in a nutshell. The rich want him because he's malleable and will obey their every command.
that is the basis of his presidency and any Republican candidate ever
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“This is the usual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter
FTFY
Yeah, that goes with the Tesla stock among others.
Edit: Many of these are becoming just a popularity contest at this point.
a popularity contest that a huge percentage of us are forced to have our retirement accounts through. awesome.
the stock market is a scam in which we are forced to participate
Your retirement plan doesn't have bond and money market options?
Mine is locked into the stock market by way of a former employer and worker's comp (I'm Canadian).
I can't move them to GIC's or any other form of investment. :(
Pretty much all of these tech valuations are made up bullshit.
But is this one of the most made up bullshittiest? Only time will tell.
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The logic is it's a megaphone plugged directly into the earholes of a shitload of very dumb, very angry people with plenty of disposable income. They might not give their money directly to Truth Social but Truth Social can give them lots of great ideas for who to give their money to.
The best and most expensive megaphone. It's so great. You can write all these beautiful letters on it and you know folks, I can see those letters. Millions and millions of letters, in fact we have the best letters in the entire alphabet, it's true. Nobody on the internet has such a beautiful letters as I have. I practically invented them. And you can own some of those letters by buying the best stock on the market. It comes with a special orange colored email when you buy them. Just that email will be worth a gazillion because of contains my letters.
Make the internet GREAT AGAIN, folks !!!
I mean I was looking at it this afternoon market cap of 2.7 billion for a bunch of dumb angry people, who are listening to their obesed, dementing orange wannabe Jesus. It shows as someone else mentioned in this thread, (some) tech companies are just inflated air castles. If Trumps platform 2.7b worth the the real Jesus Must be a multi trillionaire
with plenty of disposable income.
I would even wager a lot of those people don't have the disposable income but dispose it anyway.
Oh absolutely. They buy into his bullshit products because they think it will make them money, but in the end they're worse off than when they started.
True, yeah I guess the money they should be paying in child support or just feeding their kids isn't technically 'disposable', but if Truth Social can get to it before the kids do... I guess they owned the libs...
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