Didn’t they at least raise $500 million or something?
It’s not a totally worthless company. Honestly, the point we should celebrate is when it drops below the value of the $$$$ that was pumped into the stock. The IPO and SPAC rised nearly $500Million so the company officially loses value at around $6/share or so.
They’re doing way worse their balance sheet or whatever only quoted them at $770,000 total revenue last quarter. Overall they lost 325 million dollars last quarter.
I think you meant revenue and not profit. I believe that they are still operating at a loss of several hundred million dollars with a shrinking user base.
your share price is wrong, its $31.06 right now down from $35 at opening today. Hopefully it’ll be down to less than a penny before Trump is allowed to sell them, that would be amazing. It was down to $30 earlier, but its rebounding slightly on people buying the dip so they can lose it tomorrow as it continues to drop. Less than a month ago (May 30) it was up to $55/share, so in 2.5 weeks its dropped 44%.
Id recommend doing neither if youre not comfortable with the terms.
Shorts can be particularly dangerous. Puts/Calls tend to at least be a static gain or loss, although it can be large as well.
In this instance where you want to bet money on a stock falling, you would buy a put or sell a call. You can buy and sell for different time frames and different total amounts, but that’s extra complexity. Start very small, standard length and only 1 contract at a time.
Trump Media trades on NASDAQ, and of course uses a ticker that is also in use on the NYSE. Use djt:nasdaq to keep up to date on its falling stock price.
doing some quick searches i keep seeing trump owns 113 million shares of DJT, that can’t be right, can it? the share price of djt is ~ 15,000 a share
one of these numbers has to be wrong
$31.16 USD each.
113M shares times $31/share is $3.5B.
That’s wild. No way the company is worth that, much less his share.
Didn’t they at least raise $500 million or something?
It’s not a totally worthless company. Honestly, the point we should celebrate is when it drops below the value of the $$$$ that was pumped into the stock. The IPO and SPAC rised nearly $500Million so the company officially loses value at around $6/share or so.
With a gross profit of over 4 million!
Gross.
Interest rates are 5.25% right now. If they just put that money in a money-market fund, they’d be getting ~$25 million/year in profits alone.
Just $4 Million in profits is hilariously bad. It means the company is doing worse than a pile of cash.
They’re doing way worse their balance sheet or whatever only quoted them at $770,000 total revenue last quarter. Overall they lost 325 million dollars last quarter.
I think you meant revenue and not profit. I believe that they are still operating at a loss of several hundred million dollars with a shrinking user base.
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318335901&type=HTML&symbol=DJT&cdn=9e3de96d8329abffd26f1592e860e7c6&companyName=Trump+Media+%26+Technology+Group+Corp.&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15(d)&dateFiled=2024-05-20#StatementofOperations
Net Loss: (327,599.7) (Thousands).
That’s $327.5 Million lost last quarter. Holy shit.
the value you see, is in the corruption
The secret ingredient is crime
your share price is wrong, its $31.06 right now down from $35 at opening today. Hopefully it’ll be down to less than a penny before Trump is allowed to sell them, that would be amazing. It was down to $30 earlier, but its rebounding slightly on people buying the dip so they can lose it tomorrow as it continues to drop. Less than a month ago (May 30) it was up to $55/share, so in 2.5 weeks its dropped 44%.
Welp, time to buy shorts…or is it puts? (I’m not a stock trader, which ever is the one you buy when you’re predicting a drop in stock price lmao)
Id recommend doing neither if youre not comfortable with the terms.
Shorts can be particularly dangerous. Puts/Calls tend to at least be a static gain or loss, although it can be large as well.
In this instance where you want to bet money on a stock falling, you would buy a put or sell a call. You can buy and sell for different time frames and different total amounts, but that’s extra complexity. Start very small, standard length and only 1 contract at a time.
Holy shit it looks like it has dipped to 25. Is that common after market hours?
cheers mate, i plugged in djt, and that 15k is the entire dow jones industrial index, lol
Trump Media trades on NASDAQ, and of course uses a ticker that is also in use on the NYSE. Use djt:nasdaq to keep up to date on its falling stock price.