What is t he price target when Trump’s 6 month lock up is up? Assuming the cronie board doesn’t let him sell it before then and assuming no lawsuits hold up his attempted sale in the first 6 months.
I’m guessing it will be in the $10 - $15 range by then but I’m not willing to bet on that.
I’m not an expert, but based on metrics like value per average number of monthly users, which kind of drives ad revenue… I’d say somewhere around $8-$10 is what I’d call reasonable - really back of the envelope here. It’s not worthless, there are people using it, but when it debuted at $70 it was laughable.
Normally I’m not willing to bet on these things either. But right now DJT is tanking and I’m making money, and I’d like to ride that high as long as I can. LOL.
I hope the fall exceeds your wildest expectations and you can cash in for whatever you can get.
Yep. And posting content I assume. Which means there’s value in selling the content.
You mean $10 in aggregate market cap, not per share, right?
The multiples listed in that Forbes article linked above make it seem like 8-10 is generous. Sounds more like it should be a penny stock based on industry multiples.
I think valuation of tech is quite subjective, based on something like a PE type of metric this thing is worth zero. If you assume some exponential growth (which Truth Social is currently NOT experiencing) you could get a valuation that could be orders of magnitude larger. Assumptions here are extremely sensitive and I could see a wide range of valuations that I’d consider reasonable. I would certainly believe it’s worth much less than $8 or $10, let’s hope you’re right!
Yeah, but this isn’t even tech. This is a way for Trump to get free money, and people want him to get that money.
Also that, yes.
I think that there’s at least a 50% chance that Trump goes back to Twitter after he cashes out his Truth Social shares, and I have a hard time seeing much of anyone still using it after he leaves. Given his health, even if he doesn’t choose to leave TS, he may well be unable to post in the next year or so, which again would crater the user base and destroy it. With Musk shifting Twitter so far to the right, I really don’t see a realistic scenario in which TS ever meaningfully grows its user base.
It seems like his staff writes a good proportion of his social media anyway, and he can just dual-post on Twitter and TS if he wants.
I’m sure if he’s in hospital and it’s not clear he’s dying, there will still be rage-tweets in all caps while he’s in a coma.
I can think of a couple ways that could happen.
Saudi Arabia (for example) could buy half of Trump’s stake for cash in a private transaction for current market price. That allows Trump to cash out without destroying the price.
Trump could get elected. He has already said he wants to make massive changes to regulation. Every large company in the country has some regulations they care about. How do they get Trump’s attention? Probably big ad buys on TS would help. (kind of like using Trump International in DC in the first term, but many more potential dollars)
Yes, the first time i came upon the word “cisgender” i worked out what it meant in real time because I remembered learning about cis and trans fatty acids, and other cis/trans isomers, when i studied chemistry.
You’re hired.
The open interest on puts is absolutely insane. 57k OI on $2.5 puts for next Friday. Which is degenerate gambling, but it’s really something to watch.
As much as everyone wants to short this stock, at some point it’s going to be tempting to buy for a “rip off your face, rub salt in the gaping wounds” rally.
And then dump it and lock in the profits.
There’s a chance. Looking at the options chain, doesn’t look like there will be any gamma squeeze, but I could see someone, or some foreign country, or the WSB crowd, pumping this.
DJT files with the SEC to create 21.5M additional shares. The why is an exercise for the reader, I’m not sure. But it creates dilution and shares are down again this morning, come on puts.
Nobody is that crazy.
This all looks suspiciously like a sophisticated (and probably even legal) way of sending money to Trump for an electoral benefit (they want him alive and kicking over the next four years).
Side story…their auditor quit
Trump Media’s first auditor quit months after being appointed - Subscribe to the Financial Times via @FT