Even if it falls to 1 billion, that’s more than 100 people spend in a lifetime. Needs to go to zero.

...when you a multiple of that to Russia (and others).

He isn't bringing in new voters and it seems likely he isn't bringing in many new billionaires either.

Anybody have links to the mortgages he is still burdened with? One might foresee a big real estate sell off. And, if memory serves, the whole thing with golf is that it is a dying 'sport'. Loser keeps on losing 'value'.

How is it even still at $17/share???

A 5x multiple on revenue for TMTG (approx $4.1M in 2023) would make the company worth ~$20M.
A 10x multiple (not reasonable; used for fast-growing tech stocks) would make the company worth ~$40M.
There are 200M shares of DJT stock. Ergo, it's actually worth about 10¢ per share, or, 20¢ per share if you're being charitable.
Here's hoping it actually gets near that point before Trump can sell off his shares in late September.

Perfect for money laundering.
Why would anyone invest in this company? It was never profitable. It has no product or services other than trump rants.
No respectable business would pay for advertising there. Therefore it is severely limited with being able to profit from advertising dollars.

I think he put little or no money in, thus his basis is zero or close to it. The fact that it was super inflated when it went public is not relevant. The fact that it was included in estimates of his net worth doesn't matter.

... but nobody wants to buy advertising on it. I wonder why?

Chump thinks just anything with his name on it will automatically be worth something. But actual business people are smarter, and most of them know better than to invest in Chump's crap.

Anyone who buys this stock now, won't get their investment back. So yeah, maybe it is money laundering after a fashion.

...I think the price will go down more before that date.

It makes me grumpy as I drink my morning coffee.

There must be a hedge in there somewhere.

Hit em hard right in the old stock price!
Tombstone his stock!!!!

It's to get a payout from some of his friends (Russia, Saudi Arabia, and others) and to grift the loyal herd.

He'll cash out the $2bn later this month and leave the loyal herd swinging in the wind. FFF45 will reward Russia and others with more state secrets later on.

I claim no real expertise or any of this, but it has just always seemed to me that buying the stock was a way for certain entities (foreign governments, criminal enterprises, greedy capitalists, moronic cultists or otherwise) to funnel money to him, rather than an actual investment with prospect of monetary return. I suspect a knowledgable person could look at SEC filings or incorporation documents or something and figure out if his payout is to be harvested via 1) the after-lock-up selling of his shares 2) some sort of "management fee" pseudo-salary paid to himself from the company 3) Some sort of "licensing fee": for use of his name.

To the extent that Truth Social has any value, it has only been as the exclusive site for access to the Orange Abscess's blathering. Even assuming (against current evidence) that this can be converted into monetary value via advertising sales, it always remains one "take my toys and go home" tantrum away from TSF needing to turn to another platform (see the X exclusive interview with Eloon) or losing his newsworthiness after an election loss. So it was always at best a shaky proposition from a financial POV.

On edit: I realize there are specified time periods for when this can happen but this scheming prick probably factored that into the "incorporation" dates.

He got a stake but whatever he sells it for is pure gravy.
Stephanie Ruhle covered it properly many months ago.
It’s naive to rejoice that he is going to lose money.
Just a big transfer scheme / money laundering; that’s my understanding.

Chump will receive a nice tax bill next year, and he won't be able to fudge any numbers.

But he's losing a hell of a lot of grift gravy, and that's reason enough to rejoice.

Even more so now that he is losing to a "girl" who is way smarter than he is and who will make mince meat out of him.

tRump is not a sure bet anymore.

Couldn't happen to a more deserving treasonous rapist insurrectionist.

Oh, I left out "LOSER."

Asking for a friend.

AND asking for ME.

More pain tomorrow.

The loss from when the merger was completed is NOT what Trump invested. He likely invested quite little. Maybe only his name. I haven't seen any information about that, and it isn't necessarily public.

The company still is overvalued by a large factor. He still will reap near $2 billion, if he can sell his shares near $17. He won't be able to do that. But he will squeeze it for what he can.

You love to see it.

https://www.barchart.com/stocks/quotes/DJT/overview

Even at the current price, this stock is over priced

…tells me:1) he does not have 2 billion of his own money, and 2) he would never invest that much even if he had it to spare.

If the 2 billion came from him it must have been funneled from some other deep pocket source, and someone who was willing to lose it. Because, as we all know, everything he touches turns to shit.

Musk took Xitter full Nazi and stole Trump’s potential customers.

Anyway, I’m pretty sure Truth Social tanking won’t affect Trump financially. I seriously doubt he invested his own money in that personality cult circle jerk.

Maybe Musk plans to buy Chump's worthless platform (for pennies) and combine it with his own cesspool?

What a mastermind he is….