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The New Coffee Room

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  3. Truth Social

Truth Social

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  • H Offline
    H Offline
    Horace
    wrote on 28 Sept 2022, 20:46 last edited by
    #36

    The free market is working.

    Education is extremely important.

    D 1 Reply Last reply 1 Oct 2022, 22:40
    • J Offline
      J Offline
      jon-nyc
      wrote on 28 Sept 2022, 21:52 last edited by
      #37

      Probably just trying to throw off the FBI.

      They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

      1 Reply Last reply
      • A Axtremus
        28 Sept 2022, 20:40

        https://www.cnbc.com/2022/09/26/trump-linked-spac-changes-address-to-ups-store-as-investments-pulled.html

        DWAC, the blank-check company set to take Trump Media and Technology Group public, changed its address to a Miami UPS Store in a filing Friday [2022 Sep. 23].

        As of Friday, DWAC had lost $138.5 million of its $1 billion in private financing.

        T Offline
        T Offline
        taiwan_girl
        wrote on 29 Sept 2022, 01:56 last edited by
        #38

        @Axtremus said in Truth Social:

        DWAC, the blank-check company set to take Trump Media and Technology Group public, changed its address to a Miami UPS Store in a filing Friday

        Dont know why, but this made me laugh.

        1 Reply Last reply
        • A Away
          A Away
          Axtremus
          wrote on 1 Oct 2022, 22:32 last edited by
          #39

          https://www.cnbc.com/2022/09/30/donald-trump-truth-social-devin-nunes-digital-world-merger-delay.html

          Patrick Orlando, the CEO of Digital World Acquisition Corp. urged Donald Trump to publicize a shareholder vote on delaying the merger with Trump Media and Technology Group.
          ...
          "@realDonaldTrump @DevinNunes let's get the vote awareness up," the Digital World Acquisition Corp. chief wrote in a Truth Social post that attached information about the shareholder vote.
          ...

          1 Reply Last reply
          • H Horace
            28 Sept 2022, 20:46

            The free market is working.

            D Online
            D Online
            Doctor Phibes
            wrote on 1 Oct 2022, 22:40 last edited by
            #40

            @Horace said in Truth Social:

            The free market is working.

            I wonder at what point Mr. Trump will start referring to it as 'Failing Truth Social'.

            I was only joking

            G 1 Reply Last reply 4 Sept 2023, 02:35
            • D Doctor Phibes
              1 Oct 2022, 22:40

              @Horace said in Truth Social:

              The free market is working.

              I wonder at what point Mr. Trump will start referring to it as 'Failing Truth Social'.

              G Offline
              G Offline
              George K
              wrote on 4 Sept 2023, 02:35 last edited by
              #41

              @Doctor-Phibes said in Truth Social:

              I wonder at what point Mr. Trump will start referring to it as 'Failing Truth Social'.

              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

              1 Reply Last reply
              • A Away
                A Away
                Axtremus
                wrote on 29 Feb 2024, 23:21 last edited by
                #42

                https://www.cnbc.com/2024/02/29/trump-media-sued-over-dwac-merger-share-dilution.html

                • Former President Donald Trump was accused in a lawsuit of trying to “drastically dilute” the value of stock shares in his social media company.
                • United Atlantic Ventures alleges that Trump Media & Technology Group engaged in “wrongful 11th hour … maneuvering” to dilute UAV’s minority stake in the media company.
                • The Delaware Chancery Court lawsuit comes in advance of a planned merger of TMTG with a shell company called Digital World Acquisition Corp.
                1 Reply Last reply
                • A Away
                  A Away
                  Axtremus
                  wrote on 22 Mar 2024, 12:07 last edited by
                  #43

                  Important shareholder meeting today to decide the fate of the Digital World and Trump Media merger:

                  https://www.investors.com/news/dwac-stock-trump-media-merger-vote-donald-trump-needs-cash/

                  But lawsuits galore:
                  https://wapo.st/3x6nNrr

                  But in the lead-up to Friday’s vote, both companies have been rocked by legal warfare. Their leaders, past and present, have traded heated accusations of deception and impropriety across four lawsuits in three states.

                  1 Reply Last reply
                  • A Away
                    A Away
                    Axtremus
                    wrote on 26 Mar 2024, 16:10 last edited by
                    #44

                    DJT now trading (again):

                    https://www.cnbc.com/2024/03/26/trump-media-stock-ticker-djt-debuts-after-dwac-merger.html

                    The ticker debuted on the Nasdaq stock market nearly three decades after the former president used it to launch his publicly traded hotel and casino company to great fanfare in 1995.
                    .
                    That stock was ignominiously delisted from the New York Stock Exchange nine years later.

                    I suppose this is DJT 2.0.

                    1 Reply Last reply
                    • J Offline
                      J Offline
                      jon-nyc
                      wrote on 26 Mar 2024, 16:11 last edited by
                      #45

                      It’ll be interesting to see their numbers now that they’ve gone public.

                      They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                      1 Reply Last reply
                      • J Offline
                        J Offline
                        jon-nyc
                        wrote on 26 Mar 2024, 16:46 last edited by
                        #46

                        By the way you almost have to feel sorry for all the retail buyers out there. Many of them probably bought $400 sneakers only to see them selling for $99 a week later.

                        As a reminder, Truth Social had less than $4MM of revenue in the first 3 quarters of last year, while blowing through $50MM in expenses that same period.

                        And now those poor dupes bid the value of the enterprise up to 13B. Someone needs to tell them there are no greater fools to sell it to later.

                        They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                        A LuFins DadL 2 Replies Last reply 26 Mar 2024, 20:58
                        • J jon-nyc
                          26 Mar 2024, 16:46

                          By the way you almost have to feel sorry for all the retail buyers out there. Many of them probably bought $400 sneakers only to see them selling for $99 a week later.

                          As a reminder, Truth Social had less than $4MM of revenue in the first 3 quarters of last year, while blowing through $50MM in expenses that same period.

                          And now those poor dupes bid the value of the enterprise up to 13B. Someone needs to tell them there are no greater fools to sell it to later.

                          A Away
                          A Away
                          Axtremus
                          wrote on 26 Mar 2024, 20:58 last edited by
                          #47

                          @jon-nyc said in Truth Social:

                          By the way you almost have to feel sorry for all the retail buyers out there. …

                          As a reminder, Truth Social had less than $4MM of revenue in the first 3 quarters of last year, while blowing through $50MM in expenses that same period.

                          And now those poor dupes bid the value of the enterprise up to 13B. Someone needs to tell them there are no greater fools to sell it to later.

                          Yeah, tough call on whether to post about the “DJT” ticker in this thread here or in the “Never Ending Grift” thread. :man-shrugging:

                          1 Reply Last reply
                          • J jon-nyc
                            26 Mar 2024, 16:46

                            By the way you almost have to feel sorry for all the retail buyers out there. Many of them probably bought $400 sneakers only to see them selling for $99 a week later.

                            As a reminder, Truth Social had less than $4MM of revenue in the first 3 quarters of last year, while blowing through $50MM in expenses that same period.

                            And now those poor dupes bid the value of the enterprise up to 13B. Someone needs to tell them there are no greater fools to sell it to later.

                            LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote on 26 Mar 2024, 21:13 last edited by
                            #48

                            @jon-nyc said in Truth Social:

                            By the way you almost have to feel sorry for all the retail buyers out there. Many of them probably bought $400 sneakers only to see them selling for $99 a week later.

                            As a reminder, Truth Social had less than $4MM of revenue in the first 3 quarters of last year, while blowing through $50MM in expenses that same period.

                            And now those poor dupes bid the value of the enterprise up to 13B. Someone needs to tell them there are no greater fools to sell it to later.

                            If you could have gotten in the first hour, it would have been great.

                            The Brad

                            1 Reply Last reply
                            • J Offline
                              J Offline
                              jon-nyc
                              wrote on 30 Mar 2024, 18:46 last edited by jon-nyc
                              #49

                              A heard a remarkable statistic and personally verified it.

                              Truth Social’s revenues last year were less than half that of the average Cheesecake Factory restaurant.

                              They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                              T 1 Reply Last reply 30 Mar 2024, 20:57
                              • J jon-nyc
                                30 Mar 2024, 18:46

                                A heard a remarkable statistic and personally verified it.

                                Truth Social’s revenues last year were less than half that of the average Cheesecake Factory restaurant.

                                T Offline
                                T Offline
                                taiwan_girl
                                wrote on 30 Mar 2024, 20:57 last edited by
                                #50

                                @jon-nyc said in Truth Social:

                                A heard a remarkable statistic and personally verified it.

                                Truth Social’s revenues last year were less than half that of the average Cheesecake Factory restaurant.

                                You should add that the "mildly interesting" forum thread. LOL

                                1 Reply Last reply
                                • T Offline
                                  T Offline
                                  taiwan_girl
                                  wrote on 2 Apr 2024, 00:25 last edited by
                                  #51

                                  Oops. Hope nobody here put all there money in this stock.

                                  https://abcnews.go.com/US/shares-trumps-truth-social-drop-20-after-company/story?id=108721538

                                  Shares of former President Donald Trump's social media platform dropped more than 20% on Monday after the company disclosed a net loss at the end of last year of more than $58 million.

                                  The decline erased $2 billion in value and, with it, the value of Trump's majority stake of 57%.

                                  Before Trump Media and Technology Group joined forces with a shell company to go public last week, "management had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due," the company said in a regulatory filing.

                                  The company also conceded that "TMTG's success depends in part on the popularity of our brand and the reputation and popularity of President Trump. The value of TMTG's brand may diminish if the popularity of President Trump were to suffer."

                                  A 1 Reply Last reply 2 Apr 2024, 01:54
                                  • J Offline
                                    J Offline
                                    jon-nyc
                                    wrote on 2 Apr 2024, 00:35 last edited by
                                    #52

                                    Still a great short of it weren’t impossible to borrow.

                                    They’ll end up, after a lot of drama, with the same formula they use every time they have a trifecta: take away health care and food assistance from low income families and use the money to fund tax cuts for their donors.

                                    1 Reply Last reply
                                    • T taiwan_girl
                                      2 Apr 2024, 00:25

                                      Oops. Hope nobody here put all there money in this stock.

                                      https://abcnews.go.com/US/shares-trumps-truth-social-drop-20-after-company/story?id=108721538

                                      Shares of former President Donald Trump's social media platform dropped more than 20% on Monday after the company disclosed a net loss at the end of last year of more than $58 million.

                                      The decline erased $2 billion in value and, with it, the value of Trump's majority stake of 57%.

                                      Before Trump Media and Technology Group joined forces with a shell company to go public last week, "management had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due," the company said in a regulatory filing.

                                      The company also conceded that "TMTG's success depends in part on the popularity of our brand and the reputation and popularity of President Trump. The value of TMTG's brand may diminish if the popularity of President Trump were to suffer."

                                      A Away
                                      A Away
                                      Axtremus
                                      wrote on 2 Apr 2024, 01:54 last edited by
                                      #53

                                      @taiwan_girl said in Truth Social:

                                      Before Trump Media and Technology Group joined forces with a shell company to go public last week, "management had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due," the company said in a regulatory filing.

                                      So ... another Trump bankruptcy approaching?

                                      1 Reply Last reply
                                      • RenaudaR Offline
                                        RenaudaR Offline
                                        Renauda
                                        wrote on 2 Apr 2024, 02:01 last edited by
                                        #54

                                        Trump is a serial bankrupter. Or is that a serial bankruptee?

                                        Elbows up!

                                        1 Reply Last reply
                                        • D Online
                                          D Online
                                          Doctor Phibes
                                          wrote on 2 Apr 2024, 02:06 last edited by
                                          #55

                                          I wonder how many of his less financially sophisticated followers blew their life-savings on those shares.

                                          (And before I'm accused of being a condescending asshole I should admit that I consider myself financially unsophisticated when it comes to trading. Without a time-machine I'm never going to make any money)

                                          I was only joking

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