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Thread: Truth Social

  1. #121

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    Re: Truth Social

    I just noticed TS stock is @ $12.50. If any of the main share holders start selling (especially Trump), the stock could be worthless in a hurry.

  2. #122
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    Re: Truth Social

    I can't remember, what did it originally issue at?
    The best argument against democracy is a five minute conversation with the average voter - Winston Churchill

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  3. #123

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    Re: Truth Social

    Issued at $50, then jumped the first couple of days to somewhere @ $70.

  4. #124
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    Re: Truth Social

    Quote Originally Posted by TysonLPrice View Post
    So is a SPAC company waiting to happen...let's start one called Chit Chat Inc. We will sell the potential of software.
    This is a beautiful idea.
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  5. #125

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    Re: Truth Social

    This isn't only happening on Truth Social but it does seem to be very fertile ground for victims. Which makes sense to me, Trump has been scamming them for years.

    https://gizmodo.com/truth-social-use...ams-2000506604

    Hard to believe people will give large sums of money to these people they've only talked to on social media. Then continue to give more money in an effort to get it back. Feel bad for them.
    Last edited by wes4dbt; Oct 5th, 2024 at 02:41 PM.

  6. #126
    Super Moderator FunkyDexter's Avatar
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    Re: Truth Social

    Then continue to give more money in an effort to get it back
    This bit doesn't surprise me. Once someone is emotionally invested, reinforcement bias sets in and they'll double down. If they've actually lost money that emotional investment will be STRONG. It's why most scams start by getting a mark to send a fairly low amount of money and then work upward from there.

    I suspect that Truth Social users are somewhat more susceptible to scams because they're often passionately invested in being on that platform - it's kind of it's raison d'etre. That passion is probably pretty easy to exploit. And the "close community" probably leads to users viewing each other with more trust than they really ought to.

    It's worth remembering, though, that anyone can be caught out by a scam. I nearly fell for one a while back. I had a problem with Outlook, went on line to see if I could find support and came across what legit looked like a Microsoft support site where I could have a live chat. An operator came on line, set up a remote access session to me machine and started poking around. I'm not an OS guy (I honestly find them completely opaque these day) but I knew enough to think "what's he doing in there... that's got nothing to do with Outlook" so I questioned it and they immediately dropped the session and the live chat. That's the moment the penny dropped and I realised just how close I'd come to being taken. Without my smattering of techy knowledge I would have been.
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  7. #127
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    Re: Truth Social

    I clicked on what that had a friend's names and the subject "More Pictures". I opened it and saw it wasn't from him, I didn't click any links. I get the same spam on a regular basis now.
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  8. #128

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    Re: Truth Social

    I don't know what's changed but TS stock has almost doubled in the last week or so. It's @ $24.

    The stock market never ceases to amaze me.

  9. #129
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    Re: Truth Social

    Talking about lies

    A giant Fake News Scam by CBS & 60 Minutes. Her REAL ANSWER WAS CRAZY, OR DUMB, so they actually REPLACED it with another answer in order to save her or, at least, make her look better. A FAKE NEWS SCAM, which is totally illegal. TAKE AWAY THE CBS LICENSE. Election Interference. She is a Moron, and the Fake News Media wants to hide that fact. An UNPRECEDENTED SCANDAL!!! The Dems got them to do this and should be forced to concede the Election? WOW!

    https://x.com/realDonaldTrump/status...sies-vinteo%2F

    The door swing both way i guess.
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    πλάγχθη, ἐπεὶ Τροίης ἱερὸν πτολίεθρον ἔπερσεν·

  10. #130

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    Re: Truth Social

    Quote Originally Posted by sapator View Post
    Talking about lies

    A giant Fake News Scam by CBS & 60 Minutes. Her REAL ANSWER WAS CRAZY, OR DUMB, so they actually REPLACED it with another answer in order to save her or, at least, make her look better. A FAKE NEWS SCAM, which is totally illegal. TAKE AWAY THE CBS LICENSE. Election Interference. She is a Moron, and the Fake News Media wants to hide that fact. An UNPRECEDENTED SCANDAL!!! The Dems got them to do this and should be forced to concede the Election? WOW!

    https://x.com/realDonaldTrump/status...sies-vinteo%2F

    The door swing both way i guess.
    Yeah, I agree. Trump is a massive liar. Or did you believe him? Did he scam you??

    https://apnews.com/article/kamala-ha...a090ece76d925c
    Last edited by wes4dbt; Oct 11th, 2024 at 01:24 PM.

  11. #131
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    Re: Truth Social

    At least she showed up...

    A Pouty Trump Cancels ’60 Minutes’ Interview, Calls for CBS to Lose Broadcast License
    https://www.rollingstone.com/politic...se-1235132132/

    CBS said he refused to do the scheduled interview because he would be fact-checked, which his campaign team called “unprecedented,” and because Trump claimed the network owes him an apology for an interview Leslie Stahl conducted in 2020. As CBS stated, “60 Minutes fact checks every story it broadcasts.”
    Please remember next time...elections matter!

  12. #132

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    Re: Truth Social

    I'll say it again. The Stock Market makes no sense. lol

    Just notice that Truth Social is trading at $51+

    So in a month the values is up 400%. A month ago it was on the verge of complete collapse.

    I guess their buying because they thing Trump will win the election and that'll raise the value of the stock. Even if Trump wins I don't see Trump Social being profitable. But, what do I know???

  13. #133
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    Re: Truth Social

    Ye I was reading the thread but I did not want to interfere.Apparently predicting the stock market is not something that no one here has a clue about (me included), the stock could go up even if he looses and that is a lesson Greece has learned hard with the stock market crisis back in 1999.
    So don't play in the stock market kids if you don't know what you are doing, it can ruin entire families.
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    πλάγχθη, ἐπεὶ Τροίης ἱερὸν πτολίεθρον ἔπερσεν·

  14. #134
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    Re: Truth Social

    Quote Originally Posted by sapator View Post
    Ye I was reading the thread but I did not want to interfere.Apparently predicting the stock market is not something that no one here has a clue about (me included), the stock could go up even if he looses and that is a lesson Greece has learned hard with the stock market crisis back in 1999.
    So don't play in the stock market kids if you don't know what you are doing, it can ruin entire families.
    Don't limit it like that. Playing in the stock market even if you DO know what you are doing entails a certain amount of risk. There was some research done a couple decades back that found that high priced stock pickers would routinely underperform what you would get by just betting an index, which is what index funds are all about. There are a few who have outperformed index funds, but it's not common, and it's generally not clear whether it was just luck or skill...unless it was insider trading.
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  15. #135
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    Re: Truth Social

    Betting while not knowing or pretend to know is bad, simple as that. If someone wants to bet , go ahead, Greece lost homes, money, kidneys and such on the stock market, so, go ahead and call me negative biased.
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  16. #136
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    Re: Truth Social

    You're negative biased.

    But you're also correct.

    I think Wes is right that Truth Social stock has had a resurgence on the chance of Trump winning the election. But it's a mistake to think that people are betting on it because that will make it profitable. When people bet on the stock market they're not betting on the profitability of the company, they're betting on the future value of the company. Profitability, or future profitability, is one of the factors that creates that future value (and should, arguably, be the only one that really matters) but it's not the only one. Other investors wanting to buy in is actually a far more influential one and that's the one that's at play here. Investors aren't betting that Truth Social will turn a profit, they're betting that other people will want to buy the stock.

    It's a it like how the crypto market works (or any other form of currency trading). Crypto currency has precisely zero intrinsic value. It's nothing but a token that expresses "belief" in a system. It's ephemeral. But, none the less, there's a fairly busy trading environment around it because everyone's hoping that the one they buy into early will be the one that everyone else buys into slightly later.

    That market can be pretty healthy when it surrounds some of the more reputable ones, e.g. BitCoin, Etherium etc. as long as you understand that what you're betting on is other people's belief. But it can also be extremely toxic once you get some high profile individuals gaming the system by pumping other peoples belief using their platform. That's how the various YouTuber Pump and Dump scemes work.
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  17. #137
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    Re: Truth Social

    Well. Money is also ephemeral if you take the inflation into account or the crash of a country economy that stock market can make it so. https://en.wikipedia.org/wiki/List_o...d_bear_markets
    So what is the value that people are exchanging from ancient times till now and it's not ethereal? Starts with a G .
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  18. #138
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    Re: Truth Social

    Money is also ephemeral
    Yes, 100%. All currency is nothing but an expression of belief in whatever backs it. Traditional currencies are more reliable than cryptos because they have National economies backing them but there's two BIG caveats: 1. those economies aren't infallible (as a Greek, you'll know that better than most of us) and 2: the Value of the currency isn't based on the economy, it's based on people's belief in that economy.

    We had this discussion after the financial crash of 2008 and the following bank bailouts etc. It's interesting because people tend to miss how much of a factor belief plays in value. In 2008 it wasn't the US economy that changed, it was people's belief in the economy. When people discovered just how toxic the mortgage market had become they lost belief. But the issues in that market existed both before and after the event.
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  19. #139
    Super Moderator Shaggy Hiker's Avatar
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    Re: Truth Social

    I'm still trying to figure out how Yap currency starts with a G?
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  20. #140
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    Re: Truth Social

    Wow! Can you imagine headed down the pub with a pocket full of that stuff for a night out?
    The best argument against democracy is a five minute conversation with the average voter - Winston Churchill

    Hadoop actually sounds more like the way they greet each other in Yorkshire - Inferrd

  21. #141
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    Re: Truth Social

    Quote Originally Posted by Shaggy Hiker View Post
    I'm still trying to figure out how Yap currency starts with a G?
    Yap is pronounce with a "gama" in Greek that is denominated as a G in English. So I stand correct

    (Also I was talking about Grog, you know, the drink of pirates. It's valuable!)
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  22. #142

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    Re: Truth Social

    Quote Originally Posted by FunkyDexter View Post
    You're negative biased.

    But you're also correct.

    I think Wes is right that Truth Social stock has had a resurgence on the chance of Trump winning the election. But it's a mistake to think that people are betting on it because that will make it profitable. When people bet on the stock market they're not betting on the profitability of the company, they're betting on the future value of the company. Profitability, or future profitability, is one of the factors that creates that future value (and should, arguably, be the only one that really matters) but it's not the only one. Other investors wanting to buy in is actually a far more influential one and that's the one that's at play here. Investors aren't betting that Truth Social will turn a profit, they're betting that other people will want to buy the stock.

    It's a it like how the crypto market works (or any other form of currency trading). Crypto currency has precisely zero intrinsic value. It's nothing but a token that expresses "belief" in a system. It's ephemeral. But, none the less, there's a fairly busy trading environment around it because everyone's hoping that the one they buy into early will be the one that everyone else buys into slightly later.

    That market can be pretty healthy when it surrounds some of the more reputable ones, e.g. BitCoin, Etherium etc. as long as you understand that what you're betting on is other people's belief. But it can also be extremely toxic once you get some high profile individuals gaming the system by pumping other peoples belief using their platform. That's how the various YouTuber Pump and Dump scemes work.
    Yeah, I understand they're buying it because they think it will increase in value. The reason it makes no sense to me is I can't think of any reason to believe it will. Actually it makes no sense to me that it even still exists. It been nothing but a money pit. lol

  23. #143
    Super Moderator Shaggy Hiker's Avatar
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    Re: Truth Social

    Quote Originally Posted by sapator View Post
    Yap is pronounce with a "gama" in Greek that is denominated as a G in English. So I stand correct

    (Also I was talking about Grog, you know, the drink of pirates. It's valuable!)
    There would have to be an entomological bent to this (there is a bug in that statement, but you can probably find it).
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  24. #144

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    Re: Truth Social

    What a silly stock. In two days it goes from $56 to $35.

    I wonder if Trump loses will it almost immediately crash. I hope I get to find out. lol

  25. #145
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    Re: Truth Social

    Quote Originally Posted by Shaggy Hiker View Post
    There would have to be an entomological bent to this (there is a bug in that statement, but you can probably find it).
    Ye, unfortunately entomological is a Greek word
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  26. #146
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    Re: Truth Social

    I can't think of any reason to believe it will
    Essentially, they're betting on other people wanting to buy it. N.b. it doesn't need to have anything to do with any intrinsic value that the company might hold, just that some else will want to buy it for some reason. The someone else and the some reason can be completely amorphous, it's enough just to believe that the someone else exists and they'll have their own some reason.

    In this case I suspect the bet is that the someone else is MAGA fans and the some reason is gullibility and cult like desire to please the leader. It might also be a bet on Trump being corrupt enough to pump public money into the company if he wins the election. A slightly less partisan bet might be that, if he wins, it's likely he'll legitimately pass legislation that favours his own businesses. Indeed, it's likely just that the market is betting that there are several someone elses with various some reasons but don't really care to actually bother identifying them.

    I think you're looking for a concrete reason but there doesn't need to be one.
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  27. #147

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    Re: Truth Social

    I think you're looking for a concrete reason but there doesn't need to be one.
    Obviously, lol

    In this case I suspect the bet is that the someone else is MAGA fans and the some reason is gullibility and cult like desire to please the leader.
    It would be interesting to know if the stock is mainly being bought by small investing individuals or large fund managers.

  28. #148
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    Re: Truth Social

    Quote Originally Posted by wes4dbt View Post
    Obviously, lol



    It would be interesting to know if the stock is mainly being bought by small investing individuals or large fund managers.
    The ownership structure of Truth Social (DJT) stock is a mix of institutional, retail, and individual investors.

    Approximately 4.79% of the company’s stock is owned by Institutional Investors,
    57.69% is owned by Insiders,
    and 37.53% is owned by Public Companies and Individual Investors.

    I don't know where the "small guys" fit in there.

    https://www.tipranks.com/stocks/djt/ownership
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  29. #149

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    Re: Truth Social

    Thanks ty

  30. #150
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    Re: Truth Social

    @Wes (and anyone else who's interested I guess) you might find this interesting:-
    https://www.youtube.com/watch?v=5pYeoZaoWrA

    It's a video that examines how GameStop became a meme stock with a ridiculously inflated value based on... wishful thinking, pretty much. Warning: it's loooooong at two and a half hours but is nice and easy to follow if you've got the time. It provides a very good case study in the phenomenon of meme stocks and is likely a very close analogue of Truth Social. The real killer is that anyone who was going to make money from Game Stop already did and it's only the "Apes" left in - they're now destitute but still true believers.
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  31. #151

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    Re: Truth Social

    Thanks FD,

    I'm very familiar with the GameStop story. Been some good documentaries on it. I also found that whole situation not to make sense. lol

    I don't think investing money based on what some obscure guy says on his podcast or what emoji he posts on Twitter makes sense. In the end it did work out well for most but he made a bunch of money.

    I guess I'm an old school investor.

  32. #152
    Super Moderator FunkyDexter's Avatar
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    Re: Truth Social

    I also found that whole situation not to make sense
    Yeah, I think this article does a good job of breaking it down though. You can see how it started out with some reasonable but flawed beliefs by amateur investors who then double down and down and down because of their own affirmation bias. Hell, even the guys who triggered it were telling them to stop and that they'd misunderstood, but once they're in it they're in it all the way.

    I don't think investing money based on what some obscure guy says on his podcast or what emoji he posts on Twitter makes sense.
    That's good advice.

    I actually think that uninformed investing can be OK as long as you view it for what it is: a straight up gamble. It's no different to the slots or roulette. With that in mind I reckon, do it if you want the thrill. But don't do it if you need the money.
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  33. #153

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    Re: Truth Social

    I actually think that uninformed investing can be OK as long as you view it for what it is: a straight up gamble. It's no different to the slots or roulette. With that in mind I reckon, do it if you want the thrill. But don't do it if you need the money.
    Yeah, I agree.

    A very high risk gamble. Though with high risk can come high rewards. I don't see that happening with Truth Social. I should start a podcast. lol

  34. #154
    Fanatic Member Peter Porter's Avatar
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    Re: Truth Social

    Someone might have mentioned it here already, but I've just read Truth Social is worth more than Elon's X.

    I'm guessing that might change sometime after Jaunary 6th.

  35. #155

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    Re: Truth Social

    If your referring to the presidential inauguration, that's Jan 20th.

    That evaluation is interesting. X's value has certainly dropped.

  36. #156
    Fanatic Member Peter Porter's Avatar
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    Re: Truth Social

    X's valuation was figured if it wasn't delisted.

    Elon might make it public again within two years, depending on how he and Trump shape the states.

  37. #157
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    Re: Truth Social

    Just keep on popping the Copium.

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