I'm not a financial advisor, but Trump's Truth Social is going public

[digsub]

...and it seems reasonable to short that shit.

[link:https://www.cnn.com/2024/03/26/markets/trump-media-stock-truth-social/index.html|

[hlthe2b]

1. Why would you want to help Trump?

Admittedly, this is not my "thing," but...?

[CincyDem]

2. Depends on what you think the "product" is.

If you think it’s some second rate social media platform with a low rent user base and virtually no advertisers that makes about 3 million a year…short the hell out of it.

If you think the product is an all access pass to influence the largest global market and the most powerful military in the world…I’d be cautious.

Sure, as with all things trumpian, this is a grift…but on who.

He owns 79million shares. When some like Saudi wants the US to do XYZ…all they have to do is drop some DJT stock into the soverign fund and boom…stock price jumps a buck or two and TFG he pockets 80-150 million bucks. Voila..US policy bends to Saudi will.

China wants something really big so they buy a really big block…boom…price jumps 10 bucks. Guess who just made 750 million while China gets something like Taiwan. What would they pay for an easy walk into Taiwan. A billion…ten billion. DJT stock is a way to do just that.

All legal. Made efficient by the existing global markets. And no pesky campaign or bribery laws to contend with.

The grift ain’t on the stock buyers. It’s on the current owners of the United States…us, its citizens…he’s slapping his name on our country and literally selling it to the highest bidder. Legally.

This isn’t a social media IPO that was just the shell. He’s running an IPO on the Oval Office and, IMHO, it may be the most important financial transaction in history. It’s criminally brilliant. That f’cker is like a grift savant.

[gab13by13]

3. Trump stands to gain 3 billion dollars if the deal goes through.

[brooklynite]

4. If you gamble at a casino, you at least get free drinks...

[Hassin Bin Sober]

5. You probably won't be able to short it before Mango Mussolini cashes out and craters the stock

Even then, you would be playing with fire. Last thing you need is to go up against 20 million fanatics going long with their child support and truck payments.


See:

GameStop short squeeze

https://en.wikipedia.org/wiki/GameStop_short_squeeze


From Wikipedia, the free encyclopedia
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The short squeeze was initially and primarily triggered by users of the subreddit r/wallstreetbets, an Internet forum on the social news website Reddit, although a number of hedge funds also participated . At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities and cryptocurrencies also increased.

[Johnny2X2X]

6. Politics and finance don't mix

Truth Social has millions of devoted users, that is valuable, very valuable. Even if its owner is a fascist who can't run a hotdog stand if he tried, it's still a very valuable company even if it's currently losing money.

[ProudMNDemocrat]

7. Truth Social is just another Casino TSF will BANKRUPT.

Take the money and run! It will have little value after that.

THAT is his M.O.