Currently we don't know, however the share owners prior to going public have made a few bucks. Those who did buy on IPO day have lost over 50% of their investment. Good thing for you, you're too poor to have invested...
Truth Social - Going Broke?
- Thread starter ishtat
- Start date
butters
High on a Hill
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The company that runs TS is run itself by Devin Nunes, who became famous for being a much-mocked cattle farmer. That was the quality that made him the best person to be CEO of a Tech company.
TS makes no money, certainly nothing to justify its valuation. That comes from cult followers who think they are being loyal to their Lord Farticus by donating their money to him. This is classic cult behavior.
In a year or so TS will sit alongside Bed, Bath & Beyond, My Pillow, FTX, Lehman Brothers, Toys R Us, Enron, Friends Reunited and a host of other companies no more.
TS makes no money, certainly nothing to justify its valuation. That comes from cult followers who think they are being loyal to their Lord Farticus by donating their money to him. This is classic cult behavior.
In a year or so TS will sit alongside Bed, Bath & Beyond, My Pillow, FTX, Lehman Brothers, Toys R Us, Enron, Friends Reunited and a host of other companies no more.
TandT69
TandT69
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In the meantime, DJT's wealth went up almost 2 billion last week alone! And now hes talking about buying Communist News Network for pennies on the dollar, and or the New York Times! Life is good, unless you are a Trump hater! NOTHING CAN STOP WHATS COMING! Is everyone paying close attention to the trials? 
And dropping by the hour as his Truth Social stocks drop even lower....
Trump talks about a lot of stuff.
You might be correct, life's good for me, and I don't hate Trump.
True, nothing is stopping the future.
Nice to notice the plural.Is everyone paying close attention to the trials?
It's comforting to note that you're enjoying life now that Trump is out of power.Life is good, unless you are a Trump hater! Is everyone paying close attention to the trials?
To answer your question, You bet that we've been paying attention. Did you see what happened with his only witness? He admitted trying to blackmail Cohen into backing down, using unveiled threats. Then Trump did what we all knew he would - he took the fifth like any other mobster.
ishtat
Literotica Guru
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Digging deeper, most if not all of that $770,000 in Revenue came via pacs and superpacs associated with the Trump re-election campaign. Trading a company's stock when insolvent is illegal, so why is the NYSE allowing the company to continue trading. Practically every SE in the world would have taken the stock off the Boards by now: Moscow might be an exception.
MajorRewrite
Iffy
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The technical term is “Trumpian losses of bigly proportions”.
“I don’t hate Trump” either.
I do hate rapists, racists, traitors, fascists, and major criminals.
OK, maybe I do hate Trump.
HisArpy
Loose canon extraordinair
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- Jul 30, 2016
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- 42,367
Or, perhaps the company isn't insolvent.
Pesky thing intelligence. It makes some people think about actual facts while others foam at the mouth and rail at the sky impotently.
TS Net Income decreased 39.94% since last year and decreased 17285.82% since last quarter.
insolvent meaning:
A person or organization that is insolvent does not have enough money to pay their debts.
So you are technically correct, TS is not insolvent, but how much longer can it bleed money, until it is?
lol hows TS doing today...$34.91. Damn you're a fucking Genius in the market eh?
jaF0
Moderator
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- Dec 31, 2009
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- 39,168
rump Loses $267 Million Over Weekend as Truth Stock Plunges
Shares in the former president's social media company declined in value this weekend.https://www.tipranks.com/stocks/djt
Come on you cultists, invest now! Support your local billionaire! Remember, he doesn't care about you, he only wants your vote (plus your money obvs).
Come on you cultists, invest now! Support your local billionaire! Remember, he doesn't care about you, he only wants your vote (plus your money obvs).
Didn’t realise trump skiis.
Many experts say it will reach the depths of around $3-$4 a share by winter. The company fundamentals are and have been all negative.It is only speculation that drives the price.
As long as it’s in place to help relay orders to the Proud boys on the grounds of the Capitol…that’s all it’s purpose is for. They don’t care about the valuation, when it will be the thing used to help complete their takeover.
I can't see TS folding up shop till after the Nov election. If Trump wins I expect the shares to climb.If he loses, then it will tank out before X-mas.
He will need it to coordinate the troops, win or lose. Besides, there are always idiots who will give to support their “hero”.
butters
High on a Hill
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HisArpy
Loose canon extraordinair
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Apparently in your world it's perfectly acceptable to gloat over other people losing money because of political animas.
BTW, Truth Social is still above it's initial IPO share price. I also believe that eventually the SEC will determine that it's been unlawfully manipulated and will punish the trading houses involved.
