I still see a market price of 3.74 for a company with no profits AND very little revenue compared to expenses.
It's a social media site. Those don't need to make money for some reason, which is how Twitter was able to sustain hundreds of millions of dollars in losses a year for nearly a decade straight and still gain value in the stock market. I just fundamentally do not understand how these sites are valued, because it sure isn't profit.Twitter provided a unique service.
It's a social media site. Those don't need to make money for some reason, which is how Twitter was able to sustain hundreds of millions of dollars in losses a year for nearly a decade straight and still gain value in the stock market. I just fundamentally do not understand how these sites are valued, because it sure isn't profit.
https://www.reuters.com/technology/who-funded-trumps-truth-social-some-answers-2022-10-28/You don't get it, their investment is a bribe.
The documents show Truth Socials early backers include six businessmen outside of the Silicon Valley mainstream including two executives from an oil company and a gym chain, several Republican donors, a former U.S. ambassador to Portugal and the head of a mail-order fruitcake company.
Trump better avoid any fruitcake this holiday season
You don't get it, their investment is a bribe.
And if Trump loses?Then it doesn't matter. Democrat backed regulations hurt fossil fuel companies far more than what they spent on the bribe. This is their best shot.
And if Trump loses?It was worth the shot.
So, how long until not only is Truth Social stock completely worthless, but it becomes worth less than nothing ?
It's not there already?$17.85 isn't quite nothing. Granted, that's pretty close to it when we're talking about stock prices, but this isn't a game of horseshoes.
Man. Imagine after the lockup period ends, he dumps it all and attempts to flee.It ends on the 25th so expect it to actually hit rock bottom by then.
Isn't Trump weeks away from being allowed to sell his stock? Lol.
https://gamefaqs.gamespot.com/a/forum/8/81eec468.pngBefore you celebrate too much more that trump has about 115 million shares which means his stake is still worth about $2 billion
https://gamefaqs.gamespot.com/a/forum/0/0e2000d2.jpg
Time to buy
I know that Trump supporters are delusional but the idea that his site is going to one day swallow up the portfolios of Facebook and Google is just a whole different level of cope for buying that absolute dud of a stock.
https://gamefaqs.gamespot.com/a/forum/9/9b887f4e.jpgSo conservatives are calling for huge corporations to be broken up? Hummm. Do they not realize something about that?
https://gamefaqs.gamespot.com/a/forum/d/d42a5aea.jpg
https://gamefaqs.gamespot.com/a/forum/f/f5de8869.jpg
https://gamefaqs.gamespot.com/a/forum/5/5cf9e5fe.pnghttps://gamefaqs.gamespot.com/a/forum/f/fc207e44.jpg
So conservatives are calling for huge corporations to be broken up? Hummm. Do they not realize something about that?No, awareness is a rare trait for them to possess
Hows twitter doing?