Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic | CNN Business
Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic | CNN Business
For the first time in almost 30 years, part of Donald Trump’s business empire has gone public. Trading started with a bang.
Trump Media & Technology Group, the owner of struggling social media platform Truth Social, is began its long-delayed journey as a public company at Tuesday’s opening bell under the ticker symbol “DJT.”
The stock surged about 56% at the open, to $78, and trading was briefly halted for volatility. Trump Media shares have since stabilized at around $70, marking a 40% increase from Monday’s close.
Wall Street is assigning Trump Media an eye-popping valuation of around $13 billion — a price tag that experts warn is untethered to reality.
The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users.
“This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years.
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Follow the money. I guarantee this is Russian financing being done at a remove.
Don’t forget about the Saudis.
The CCP is also very interested in all this
pedos are as well
not sure they are quite so well organised
I dunno. Epstein et al. seemed fairly well organized.
organised enough to run a pump and dump on stock?
I wish this were the case.
It's crazy scary how coordinated that community gets to get their fix, which is why one takedown often leads to more.
It's crazy how far any community goes to get "its" fix.
Neurologically speaking, our brains' reward-punishment module is too damn directly exploitable.
I have some bad news for your peace of mind...
Very weird take.
It's standard Beijing policy not to intercede when Americans are shooting themselves in the feet
The Saudis, the Israelis, and the Chinesis all have old "trade" agreements with the US.
One other country has joined the club, only they snuck in the back door to burn the whole thing down.
None of the others' intent is to overthrow US democracy, because they depend on it for not living like Tuskan Raiders in a post-apocalyptic wasteland.
I am shocked hearing people say that out loud even. Isn't that extremely, painfully, provably obvious to everyone? No. It is not. It is a matter of "both sides" debate, apparently.
"Hi, I sell snake oil. It cures cancer!"
"Oooh, I LOVE not having cancer! I'll buy 1. No, wait, 1000!"guarantee this is Russian financing
Fair more likely it's Saudi or Israeli money, given how Russians have been cut off from the SWIFT banking system through sanctions.
Russian financing how? They can't access banks, I doubt they're wasting precious foreign currency on this.
Just because they're not allowed to access banks doesn't mean they can't.
Lots of people, organizations, and even governments do all sorts of crimes even though they're really not supposed to. Conceptually speaking, money laundering is a fairly simple crime to do and, like so many crimes, it becomes easier to get away with the more powerful you are.
If you're creative and determined you can reframe a lot of basic interactions as crimes.
And if you're gullible it's easy to reframe them as part of the "nothing is happening in the world and geopolitics are not a thing" conspiracy theory.
Ah shit I forgot what thread I was on and was just "the cops will lock you up for pissing sideways" rambling.
Yeah, us communists are all the same, just repetitive propagandistic slogans and dumb soundbites led by an uncharismatic moron telling us what to do.
Go build a wall, or bridge or whatever.
Edit: Wait, wait, you weren't being sarcastic? If so my bad.
Every dollar you launder still has a risk of being caught, like I said, they have more pressing things to spend foreign currency on.
More pressing than possibly owning the next American president? No, they don't.
His bond was reduced, he doesn't need the money that desperately that they'd own him
Since there isn't enough info out there for either of us to be wholly right, I will have to agree to disagree.
Cheers mate.
True fair enough
They can still trade in rubles with other countries that are willing to trade with them. It's not inconceivable that they can 'launder' a trade via, say India:
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Russia buys a few billion-ruble toothbrushes from India
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India invests the equivalent in USD with $DJT (minus a cut)
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India uses those rubles to trade at market value for goods with other countries that also trade in rubles
Replace India and Saudi Arabia with any 2 countries on this list: https://www.tbsnews.net/economy/bangladesh-among-over-30-countries-approved-trade-rouble-russian-embassy-705798
Cluing in many people into conspiracies like that would require makes them much harder to keep secret
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I doubt they’re wasting precious foreign currency on this.
Their EXISTENCE hinges on winning the US election right now.
It's literally ALL they are "wasting precious currency" on.
Their EXISTENCE hinges on winning the US election right now.
What does this mean?