Trump's Truth Social to start trading under the ticker "DJT" on Tuesday

[Bucky]

Former President Donald Trump's Truth Social will begin trading under the ticker "DJT" on Tuesday, putting the real estate tycoon — and his initials — at the helm of a publicly traded company once again.

Trump Media & Technology Group, whose main asset is the social media service Truth Social, said in a statement Monday that the ticker symbol will be active tomorrow, following its merger with a so-called blank-check company, also known as a special purchase acquisition company (SPAC). SPACs are shell companies created to take a private business public without going through an initial public offering.

In the case of Trump's media business, the shareholders of the SPAC, called Digital World Acquisition Corp., voted Friday in favor of the merger, ushering in the next step of taking the new Truth Social company public without an IPO. The merged company officially changed its name to Trump Media & Technology Group after the deal was completed on Monday, the statement said.

Trump's Truth Social platform soars in second day of trading on Nasdaq

Former President Donald Trump's media business is trading under his DJT initials on the Nasdaq stock market.

www.cbsnews.com

I see a flood of interest in DJT stock.

A lot of Trump supporters will want to cash in, and buying a mega-meme stock like DJT could see a super-sized run for the stock—think GME or AMC.

The board of directors for the new company includes Donald Trump Jr., former California Republican Congressman Devin Nunes, and several other former Trump aides.

I would expect an explosion of buy orders from retail and institutional investors. Trump is likely to cash in a massive gain in six months.

Wallstreetbets is BUZZING about DJT.

 

[Ishm]

Trump's Truth Social platform soars in second day of trading on Nasdaq

Former President Donald Trump's media business is trading under his DJT initials on the Nasdaq stock market.

www.cbsnews.com

I see a flood of interest in DJT stock.

A lot of Trump supporters will want to cash in, and buying a mega-meme stock like DJT could see a super-sized run for the stock—think GME or AMC.

The board of directors for the new company includes Donald Trump Jr., former California Republican Congressman Devin Nunes, and several other former Trump aides.

I would expect an explosion of buy orders from retail and institutional investors. Trump is likely to cash in a massive gain in six months.

Wallstreetbets is BUZZING about DJT.

Interesting "analysis"! What I am seeing is a company with very low current worth, and poor growth prospects being artificially pumped up in a "pump & dump" process. It may attract unsophisticated investors, and some gamblers looking for a risky quick win, but please let me know if you see any institutional investors buying stock. I don't think any institution will go near that stock because it is pretty blindingly obvious that the company has very limited growth available, and a very difficult task to even get close to breakeven. let alone return anything to the shareholders
Unlike other similar truly global social media companies that TS is trying to imitate, TS has only a very limited market among the maga faithful. It will never be another Twitter or Facebook etc, and of course those looking to advertise (TS's revenue) on TS will only be those targeting that very limited market. No one is paying a lot for that limited advertising opportunity. Add in that TS's chief attractor in D T will likely be dead in a few years, if not locked up before that.

 

[Bucky]

Interesting "analysis"! What I am seeing is a company with very low current worth, and poor growth prospects being artificially pumped up in a "pump & dump" process. It may attract unsophisticated investors, and some gamblers looking for a risky quick win, but please let me know if you see any institutional investors buying stock. I don't think any institution will go near that stock because it is pretty blindingly obvious that the company has very limited growth available, and a very difficult task to even get close to breakeven. let alone return anything to the shareholders
Unlike other similar truly global social media companies that TS is trying to imitate, TS has only a very limited market among the maga faithful. It will never be another Twitter or Facebook etc, and of course those looking to advertise (TS's revenue) on TS will only be those targeting that very limited market. No one is paying a lot for that limited advertising opportunity. Add in that TS's chief attractor in D T will likely be dead in a few years, if not locked up before that.

Big Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner (Published 2024)

The billionaire Wall Street financier is also a major investor in ByteDance, the Chinese parent company of TikTok, which faces a possible ban in the United States.

www.nytimes.com

Jeff Yass is buying into DJT.

 

[Loulit01]

MSN

Critics have said Trump Media is a “meme stock” with a more than $6 billion valuation they say is out of sync with its financial outlook. Trump Media lost $49 million in the first nine months of last year and brought in $3.4 million in revenue, Digital World said in an SEC filing.

 

[Bucky]

MSN

Critics have said Trump Media is a “meme stock” with a more than $6 billion valuation they say is out of sync with its financial outlook. Trump Media lost $49 million in the first nine months of last year and brought in $3.4 million in revenue, Digital World said in an SEC filing.

Who the hell cares?

The majority of people on Wall Street are TRADERS.

 

[Loulit01]

Who the hell cares?

People don't care if the companies they invest in make money?

The majority of people on Wall Street are TRADERS.

The majority of people who own stock are not traders.

What a ridiculous post.

 

[joluoto]

If Trump sell all of his stock he just might be able to pay all his debt.

So Nunes on this company, he better hurry before the stock becomes utterly worthless then.

 

[Bucky]

People don't care if the companies they invest in make money?

The majority of people who own stock are not traders.

What a ridiculous post.

Investing today is buying something at price x and flipping it at a higher price y.

The majority of people that do own stocks are traders. The average holding period is 6-7 months, which indicates short-term holding periods.

 

[Bucky]

If Trump sell all of his stock he just might be able to pay all his debt.

So Nunes on this company, he better hurry before the stock becomes utterly worthless then.

Djt has an experienced board with savvy business men.

Its honestly a great way for Djt supporters to express themselves and stick it to the man.

Reminiscent of GME and AMC.

 

[Bucky]

People don't care if the companies they invest in make money?

The majority of people who own stock are not traders.

What a ridiculous post.

Its a movement and social cause. Investing in djt is the ability to invest in the way society will be shaped.

 

[The Stars Tremble]

Not the first time that Trump has tried to enhance the value of an asset by putting his name on it.

But brand Trump isn't what it used to be.

 

[The Stars Tremble]

Its a movement and social cause. Investing in djt is the ability to invest in the way society will be shaped.

Trumpism is indeed a movement, but it's not a social cause. Bowel movements are not social causes.

 

[Loulit01]

Its a movement and social cause. Investing in djt is the ability to invest in the way society will be shaped.

So investing in a money losing company is a good thing because you will help shape society in way where it's good to invest money in money losing companies.

Wow.

 

[Loulit01]

Djt has an experienced board with savvy business men.

Its honestly a great way for Djt supporters to express themselves and stick it to the man.

Reminiscent of GME and AMC.

Um, Trump is the man. Duh.

 

[tshade]

Trump's Truth Social platform soars in second day of trading on Nasdaq

Former President Donald Trump's media business is trading under his DJT initials on the Nasdaq stock market.

www.cbsnews.com

I see a flood of interest in DJT stock.

A lot of Trump supporters will want to cash in, and buying a mega-meme stock like DJT could see a super-sized run for the stock—think GME or AMC.

The board of directors for the new company includes Donald Trump Jr., former California Republican Congressman Devin Nunes, and several other former Trump aides.

I would expect an explosion of buy orders from retail and institutional investors. Trump is likely to cash in a massive gain in six months.

Wallstreetbets is BUZZING about DJT.

The Knights Of Columbus, awarded the world's most ethical financial company, cannot invest in this due the unethical practices of the founder.....

 

[OrphanSlug]

Anyone that buys will be doing so on emotion, all the fundamentals for the stock are garbage.

 

[The Stars Tremble]

Anyone that buys will be doing so on emotion, all the fundamentals for the stock are garbage.

What if Trump gets elected, and makes TS his official outlet of Presidential statements? Wouldn't that lift the stock?

 

[OrphanSlug]

What if Trump gets elected, and makes TS his official outlet of Presidential statements? Wouldn't that lift the stock?

When you have a stock like this, where the financials are all questionable, then just about anything can trigger a rush to buy or a rush to sell.

 

[CaughtInThe]

The ex-president is a gauge.

It shows us who in real life is willing to support a rapist, a fraudster and a traitor to the United states.

 

[BirdinHand]

Pump & Dump incoming!


Let’s see how much money MAGA acolytes lose.

 

[Jetboogieman]

Pump & Dump incoming!


Let’s see how much money MAGA acolytes lose.

I will be expecting all the usual suspects to heavily invest.

Do you believe in the man or not?

 

[American]

Interesting "analysis"! What I am seeing is a company with very low current worth, and poor growth prospects being artificially pumped up in a "pump & dump" process. It may attract unsophisticated investors, and some gamblers looking for a risky quick win, but please let me know if you see any institutional investors buying stock. I don't think any institution will go near that stock because it is pretty blindingly obvious that the company has very limited growth available, and a very difficult task to even get close to breakeven. let alone return anything to the shareholders
Unlike other similar truly global social media companies that TS is trying to imitate, TS has only a very limited market among the maga faithful. It will never be another Twitter or Facebook etc, and of course those looking to advertise (TS's revenue) on TS will only be those targeting that very limited market. No one is paying a lot for that limited advertising opportunity. Add in that TS's chief attractor in D T will likely be dead in a few years, if not locked up before that.

Show me how you KNOW all this. I don't believe you.

 

[American]

The ex-president is a gauge.

It shows us who in real life is willing to support a rapist, a fraudster and a traitor to the United states.

Looking at who you support, I'm feeling very comfortable.

 

[CaughtInThe]

Looking at who you support, I'm feeling very comfortable.

yeah, supporting a decent dude as opposed to a rapist/fraudster/traitor is horrible.

but i do understand why you have to divert. the spotlight is on trump supporters (from family, friends, community) more and more as each day passes.

 

[American]

yeah, supporting a decent dude as opposed to a rapist/fraudster/traitor is horrible.

but i do understand why you have to divert. the spotlight is on trump supporters (from family, friends, community) more and more as each day passes.