DJT stock

[Jeff]

Trump just "made" 5.5 Billion off of DJT stock.
Winning!

[neurosis]

That's pretty remarkable considering Trump Media/Truth Social has been losing money and users.

It will be interesting to see where this goes.

Anyone going all-in on DJT stock? 

[RobertELee]

That's pretty remarkable considering Trump Media/Truth Social has been losing money and users.

Source?

[neurosis]

Source?

I've read the same thing in several different places before they went public.

https://www.cbsnews.com/news/trump-truth-social-spac-stock-value-djt/

______________________________________________
Risk factors: Bankruptcy, failure and jail
Investors in Trump Media & Technology Group are buying shares in a fledgling social media business that booked $3.3 million in revenue for the first nine months of 2023, according to a regulatory filing.

But like many other tech startups, Trump Media is hemorrhaging money, with its losses mounting to $49 million during that same period last year. Of course, a company's financial struggles aren't necessarily a hindrance to earning a lofty public valuation, as seen in the case of money-losing Reddit, whose IPO this week gave it an $8 billion market cap.

Truth Social had roughly 5 million active members in February of this year — including mobile users as well as website visitors, according to research firm Similarweb estimates. Truth Social doesn't disclose its user numbers.

By comparison, TikTok has 2 billion users and Facebook 3 billion. However, in the so-called "alt-tech" space, Truth Social fares better than rivals such as Parler, which just returned to Apple's app store this week after being offline for more than a year, and Gettr, which had less than 2 million visitors in February.

[MIL-TFP-41]

Source?

I have yet to meet one person who is on Truth Social. Admittedly my sample size is small, tho I can also say I live in a very conservative part of Utah.
By comparison, I know very few people who are not on Instagram or others.

[neurosis]

I have yet to meet one person who is on Truth Social. Admittedly my sample size is small, tho I can also say I live in a very conservative part of Utah.
By comparison, I know very few people who are not on Instagram or others.

Most of the numbers I've seen cited have come from a web traffic tracking site. In order to confirm the information you'd need to subscribe to see further out than the last three days. I'm not that interested. 

If you're to believe what they say, until the last week, unique traffic to Truth Social had been steadily declining. Their subscriber numbers aren't great compared to other similar sites, but I don't really know what that means. I'd have a hard time comparing T.S. to Twitter, Facebook, etc. I doubt that T.S. comparably, has many subscribers outside of the US.

[CNCAppsJames]

I think I have an account... really though, there's only so many hours in the day and it's just not that important t.

[neurosis]

Is this crash in TM&TG stock because they are expecting Trump to cash in?

Hope nobody invested in this or was smart enough to get out sooner.