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This is a roundabout way for billionaires to donate to Trump without him having to necessarily disclose everything.

Trump hit with huge fine he can't pay -> Rumors of Trump trying to raise money from foreign governments -> Lawyers push back, say 'you can't just accept half a billion from foreigners to pay the fine, there are rules!' -> Truth Social IPO raises a bunch of money that (foreign) investors are willing to 'loose' when the stock inevitably collapses -> Trump puts up the stock as collateral to pay the bond to pay the fine.

What? He can't sell his stock for 6 months? No, he isn't selling it, he is putting it up for collateral, totally legal, totally won't be investigated by the SEC until he gets elected and fires the head of the SEC and the lawsuit goes away.

Revenue of $ 3.4 million should put it around a $ 34 million value, provided it had normal profit. But it operates at a deficit, and AFAIK a not impressive growth rate. So a more normal estimate would probably put the company about $ 20-25 million.

The talk about billions is ridiculous to a degree where it's either insane, or some sort of scheme exist to pump it to hundreds of times the actual value.

I cannot comprehend how a company can lose 45 million dollars in 9 months by running what is essentially a glorified Mastodon instance.

Nothing about Truth Social makes any sense.

The logic is it's a megaphone plugged directly into the earholes of a shitload of very dumb, very angry people with plenty of disposable income. They might not give their money directly to Truth Social but Truth Social can give them lots of great ideas for who to give their money to.

Didn't Trump just get found guilty of overinflating the value of his properties? Why is this any different?

Let’s invest in the company most tied to the health of a single man. And let that man be high in years and eat McDonald’s like it was going out of style. That won’t ever backfire.

The minute he dies, all users start going elsewhere.

Two words. Money. Laundering.

"defies logic" no it doesn't it is a wall street con job per usual for those fucking ghouls lol.

Follow the money. I guarantee this is Russian financing being done at a remove.

It almost sounds like an in-power group of people who have a vested interest in other in-power people being able to leverage "value" of an asset to get out of trouble to then help the first group are artificially inflating the "value" of something they set.

Twitter is valued at around $19B by Musk himself, and it has around 300 million users. Truth has 500,000 users. They have 1/600th the users and are valued at 2/3rd. They only generated $5M in revenue while losing $50M in costs. Twitter had roughly 200 times higher revenue, yet only 50% higher value. It's insane how obviously wrong the valuation is. And the thing is, sometimes tech companies have seemingly high valuations when losing money but are still worth it because of the potential for growth... but where is the growth coming from for Truth? Ain't nobody jumping from Twitter for Truth that hasn't already. It's not like there's a huge boom of conservatives coming our way. If anything, Truth's current trend of losing users will only continue with Threads coming online and other social media outlets.

Money laundering. Just like buying those bibles.

This is literally just a loophole to allow foreign governments to give Trump boatloads of cash. Instead of giving him explicit gifts, you prop up the price of his worthless company's shares

The stock market is untether from reality to being with.

So trump social is going higher then reddit? Idk if i want to cry or laugh.

Could Trump's Truth Social stock value be powered by massive fraud? Experts say things like "slammed," "mystified," and "dazzled!" This and more for the next 24 hour news cycle until he does another damn fool thing that we can exploit.

WELCOME TO FINANCE! There are no rules, and if we break them, we remake them!

This is a case where I literally both hate the player and the game.

Unless it's just the latest way eastern european oligarchs can launder money to him.

Attempting tiny 💎 🙌 it seems. 🚀

At this point Trump is going for like an EGOT combination of federal agencies putting cases together against him. "Don't have the SEC yet, gotta add that one."

It's still higher at market close than Reddit was on their open last week. I'm not trying to make a point or anything, I just find it amusing.

“This is the usual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter

FTFY

Pretty much all of these tech valuations are made up bullshit.

But is this one of the most made up bullshittiest? Only time will tell.

a price tag that experts warn is untethered to reality.

Is there any company whose stock price is tethered to reality? In any case, sounds like a surefire win to short that shit

Trump is the best thing to ever happen for the 1%. People are more divided then ever, and the media doesn't have to report on anything but him.

Being untethered to reality is literally in the core of stock trading. It's nonsense, modern day magick for the least cool people.

It is now also the most expensive stock to short.

You can now sell out your country on the NASDAQ. Now that's an efficient market.

Of course he made the stock symbol his initials...