Why Truth Social’s Stock is Tanking (but it’s good for Trump)

Truth Social recently went public on the Stock Exchange. From a soaring start to a sharp decline, uncover the rationale behind its IPO, the factors driving its stock volatility, and the implications for Trump's future endeavors in 2024.

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[davidioanhedges]

It was made public via a SPAC only so the SEC couldn't examine the original company
It is still wildly over priced, and that price has nothing to do with the company or product ... it's a pure meme stock

[dorianodet]

What, you mean to tell me that a company managing to bleed out money AND market share is not doing that well ? Also "SPAC" are not doing well. What ? You mean to tell me that a loophole used to avoid SEC inquiry make for bad investement ?

[HumanAction]

Truth social was doomed to fail from the start, and anyone that invested in it deserves to lose their money.

[xboxman]

Truth Social is quite literally the definition of a "Pump and Dump" stock.

[Elongated_Muskrat]

He should start selling Sleepy Don NFTs.

[nerenahd]

For those who bought it: play stupid games, win stupid prizes.

[birdstrikes]

I love that the victims are his biggest clueless fans

[uweinhamburg]

Just watch the class action lawsuits to come!

[YourFinanceGuide]

7:02 technically, the lockup agreement doesn't allow for him to borrow against the stock until the lockup is over.

That being said, lenders can still look at his overall balance sheet and say: "ya, this stock eill probably be worth a few hundred million by the time the lovkup period is over", and lend anyway.

[TheFinalChapters]

7:08 Not true. Part of the lockup agreement is that he can't use the stock as collateral either.

[rennyneumaier]

At 3 cents a share he'll be worth thousands. Lol 😅

[dux_bellorum]

Just waiting for him to tank this like he does all his other businesses....

[thesweetone]

Part of the agreement for Djt to not sell his stock is he cannot borrow against it either.

[AldriFerdig]

And exactly why is it good for Trump that "Truth Social’s Stock is Tanking"?
I'll will however admit it's good for him that it still has any value. ;-)

[dude-e]

Nebula news looks to be a great addition! Looking forward to enjoying it on my daily commute

[vinniechan]

Before you invest in anything the first thing you look at is the revenue model

[Vampwatch]

Apparently, neither he nor anyone that bought social media stocks remember what happened when Facebook tried to do this.

[alvaroludolf]

Like we say, a crime without victims. If you bet on a criminal, you shouldn't be surprised when he betrays you.

[TheShwiggityshwah]

I wouldn't be surprised if he's trying to short it too.

[fraliexb]

Editor thinks everyone knows Jack by now and never showed his name 😂