DJT - Truth Social merger with DWAC --- lololol

This is going to be funny watching this scheme fall and quickly. The only question that truly remains is whether the board will let him sell off his 58% share before his six-month block on selling ends. This thing is NOT going to do well for six months, DWAC is already tanking. This is nothing more than a GME type scheme, using his fame to generate some initial interest but ultimately this business is absurdly unsustainable. If donald is allowed to sell, the board essentially will be signing their own death certificate as it will destroy the stock. Combine that with the fact that TS has only booked about 3.5 million in revenue in 9 months of sales hahahahaha. But of course Donald had high influence over these same people, so it is a legitimate question if this will happen? He needs the cash bigly but the sale will destroy them.

Get out your popcorn, folks, it's going to be interesting watching this thing tank right before the election. The only bad part will be watching him rejoin the twitter hive - that was a big cog in his propaganda machine before '16. Fortunately twitter has been overrun with absolute garbage top to bottom.

https://www.cnbc.com/2024/03/23/trump-says-i-love-truth-social-after-dwac-stock-plunges-.html

Trapper Gus wrote:He may get the last laugh if he can use his shares on Monday as collateral for a bond for the money he owes New York.

shares that are at extreme and obvious risk of crashing in value very very soon?

That thing is a money pit being propped up by an extremely loud and obnoxious individual. It's making no money and it will never make any money.

This was so obvious, i wish i knew how to short.

AvgMSUJoe wrote:This was so obvious, i wish i knew how to short.

There is a greenway and wife joke somewhere in here.

AvgMSUJoe wrote:This was so obvious, i wish i knew how to short.

I would really like to know what kind of idiots bought into it at open, or even 50-75% of open.

Is this another example of Idiot trump supporters getting milked of their cash?  How many of these poor folks was this their first foray into buying stocks and just watched their money evaporate?

sεяεηιτλ wrote:

AvgMSUJoe wrote:This was so obvious, i wish i knew how to short.

I would really like to know what kind of idiots bought into it at open, or even 50-75% of open.

Is this another example of Idiot trump supporters getting milked of their cash?  How many of these poor folks was this their first foray into buying stocks and just watched their money evaporate?

“Only the rich take advantage of the stock market.”