What happens to DJT?

[Wrestleknownothing]

DJT (52.9% owned by the other DJT) reported Q3 earnings yesterday. It lost $19.2 million on $1 million of revenue. That revenue is down 6% year over year. Somehow the social media outlet owned by the most prolific presidential candidate to ever use social media only sold $1 million worth of ads in the quarter (makes you wonder how the Chinese Bible business, NFT, watch, and others are going).

It doesn't matter, of course, the stock is up 5% as I write.

What makes DJT a $7 billion dollar company? I don't think it is the $1 million of revenue. And it certainly is not the $19 million of loses.

It is obviously a meme stock. So, there is that.

But also it should presumably be able to sell more ads in the next four years, too. If Trump is using it as president, don't they have to sign up more users and be able to sell more ads as a result?

You can also make a case that it exists to curry favor. Maybe someone offers to monetize Trumps holdings by buying the company for $8 or $10 billion, or whatever. Or maybe someone not quite as rich buys a percent or two so they can say, "Hey, me and you Mr. President. Oh, and I have this other thing I need to talk to you about". And maybe a bunch of rich, but not dynastically rich, people follow suit pushing the stock even higher.

Or maybe DJT should merge with Twitter. The Twitter transaction, in a vacuum, has not worked well for Musk. But part of that is it is no longer publicly traded. Taking Twitter private misses out on the greatest source of Musk's wealth, the ability to meme the hell out of his stock. Look at Tesla today. It is up 15% as I type. That is not based on the fundamentals. Nothing about Tesla has changed today.

As a publicly traded company it would not matter what Musk paid for Twitter, because he can always sell more overpriced stock to a willing public. By merging with DJT they can take this to the moon, and not need SpaceX to do it.

[ionel]

3 minutes ago, Wrestleknownothing said:

DJT (52.9% owned by the other DJT) reported Q3 earnings yesterday. It lost $19.2 million on $1 million of revenue. That revenue is down 6% year over year. Somehow the social media outlet owned by the most prolific presidential candidate to ever use social media only sold $1 million worth of ads in the quarter (makes you wonder how the Chinese Bible business, NFT, watch, and others are going).

It doesn't matter, of course, the stock is up 5% as I write.

What makes DJT a $7 billion dollar company? I don't think it is the $1 million of revenue. And it certainly is not the $19 million of loses.

It is obviously a meme stock. So, there is that.

But also it should presumably be able to sell more ads in the next four years, too. If Trump is using it as president, don't they have to sign up more users and be able to sell more ads as a result?

You can also make a case that it exists to curry favor. Maybe someone offers to monetize Trumps holdings by buying the company for $8 or $10 billion, or whatever. Or maybe someone not quite as rich buys a percent or two so they can say, "Hey, me and you Mr. President. Oh, and I have this other thing I need to talk to you about". And maybe a bunch of rich, but not dynastically rich, people follow suit pushing the stock even higher.

Or maybe DJT should merge with Twitter. The Twitter transaction, in a vacuum, has not worked well for Musk. But part of that is it is no longer publicly traded. Taking Twitter private misses out on the greatest source of Musk's wealth, the ability to meme the hell out of his stock. Look at Tesla today. It is up 15% as I type. That is not based on the fundamentals. Nothing about Tesla has changed today.

As a publicly traded company it would not matter what Musk paid for Twitter, because he can always sell more overpriced stock to a willing public. By merging with DJT they can take this to the moon, and not need SpaceX to do it.

is it true Wkn made a killing in early trading today on DJT and TSLA and is now shorting both?   

[Wrestleknownothing]

And I almost forgot. I mentioned this one a few months back.

There is also the bribe conduit potential. What is to stop Israel, or Saudi Arabia, or Russia from buying up ad time on Truth Social? Come visit sunny Moscow the visitor's bureau says. Watch the fireworks while floating in the Dead Sea. Take a segue tour of Riyadh. You don't even need to sign up new users to make this one work.

[VakAttack]

I think the country has stated they just don't care about this kind of stuff, as gross as it is to me.

[Wrestleknownothing]

10 minutes ago, ionel said:

is it true Wkn made a killing in early trading today on DJT and TSLA and is now shorting both?   

Shorting meme stocks is for someone far more foolish than I. And I am plenty foolish.

[Wrestleknownothing]

1 minute ago, VakAttack said:

I think the country has stated they just don't care about this kind of stuff, as gross as it is to me.

Clearly

[ionel]

Just now, Wrestleknownothing said:

Shorting meme stocks is for someone far more foolish than I. And I am plenty foolish.

What about for us morons?  Are you worried we can't "hide" such stupidity from our wives? 

[Wrestleknownothing]

2 minutes ago, ionel said:

What about for us morons?  Are you worried we can't "hide" such stupidity from our wives? 

The cost of borrow on DJT is 62% right now. If you can hide that from anyone, you are doing much better than me.

[Tripnsweep]

The grift continues for him.