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Thread: Truth Social

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    Truth Social

    This really surprises me. https://currently.att.yahoo.com/att/...090100336.html

    A while back I had heard Truth social was losing money. Had no idea it was worth so much. For some reason in my mind it wasn't that large and mainly used by the fanatic segment of his followers. Wonder what they advertise???

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    Administrator Steve R Jones's Avatar
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    Re: Truth Social

    Great article... Thanks.

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    Wall Poster TysonLPrice's Avatar
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    Re: Truth Social

    So is a SPAC company waiting to happen...let's start one called Chit Chat Inc. We will sell the potential of software.

    A special purpose acquisition company (SPAC) is a company without commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. Also known as blank check companies, SPACs have existed for decades, but their popularity has soared in recent years. In 2020, 247 SPACs were created with $80 billion invested, and in 2021, there were a record 613 SPAC IPOs. By comparison, only 59 SPACs came to market in 2019.

    I don't know much about them but if Trump is involved it will probably go the way of his casinos.
    Last edited by TysonLPrice; Mar 23rd, 2024 at 04:05 AM.
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    Re: Truth Social

    It brings back memories of @ 2000, when all those internet tech companies had IPO's. Hardly any of them had made a profit but people were buying them up like crazy. Most of them crashed and burned. But the people offering the IPO made fortunes.

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    Re: Truth Social

    SPACs have fallen out of favor, recently. You posted the numbers for the best years of the SPAC.

    This one might do well. Trump could easily be a meme stock.
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    Re: Truth Social

    I guess this is why i'm poor and always will be poor. This looks like a trainwreck of an investment. Truth Social hasn't done anything but lose money, I don't see much chance for growth that's significant enough for it to compete with X, TikTok or FB. But Reddit did well with it's IPO and it doesn't make a profit either. So what do I know???

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    Re: Truth Social

    Quote Originally Posted by Shaggy Hiker View Post
    This one might do well. Trump could easily be a meme stock.
    Trump does have alot of followers that loves to give him money. They might see this as a chance to get most of it back after buying in.

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    Super Moderator Shaggy Hiker's Avatar
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    Re: Truth Social

    Meme stocks tend to be flashy. In this case, the long term viability of the stock is certainly terrible. The stock is solely Trump, otherwise it is below junk status. Therefore, how would one invest? It might rise early as people buy it because of their affinity for Trump, but as an investment, it has such a short window of viability, it is certainly going to crash. With Trump not being able to cash out quickly, it seems likely that this is just a way for people to burn money. They'll have near term paper gains, but since they are bound to evaporate, you'd be wanting to cash out fairly quickly. It's just a matter of guessing when.
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    Fanatic Member Peter Porter's Avatar
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    Re: Truth Social

    Trump's follower's shares will start tanking as soon as they buy in. He could start selling his shares of Truth Social tomorrow to pay off his bond, if the board consisting of his son and allies alter a previous agreement to where he can't sell personal shares for 6 months.
    Last edited by Peter Porter; Mar 24th, 2024 at 02:45 PM.

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    Re: Truth Social

    Quote Originally Posted by Peter Porter View Post
    Trump's follower's shares will start tanking as soon as they buy in. He could start selling his shares of Truth Social tomorrow to pay off his bond, if the board consisting of his son and allies alter a previous agreement to where he can't sell personal shares for 6 months.
    Not Make America Great Again Trump!!! He wouldn't do that to his followers. lol

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    Re: Truth Social

    Didn't they just get through the hurdles that Google demanded in order to get their app into the Play Store? Before that only Apple users had access as far as I knew.

    That might double the number of users or better.

    Oops, did some browsing. Looks like that happened two years ago. Sorry.

    The active user count still seems to be tiny compared to others. Then again I don't think TS has much appeal outside the US and Canada, and isn't a ripe feeding ground for the international scamming industry. Probably a lot fewer sweatshops running 100 accounts per slave.

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    Re: Truth Social

    It's my guess that anyone who wants to follow TS is already a user. Trump lovers/haters have chosen sides. I don't see where much growth is going to come from.

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    Re: Truth Social

    It's a vehicle for foreign investors, in this case China, to funnel Trump money. They're 'investing' not in the money pit of Truth Social, but in the favors they'll get if he wins the election.

    Every accusation is a confession with Republicans; they make stuff up about Biden and China when it's really Trump selling the country out (again).

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    Re: Truth Social

    My understanding is that the majority owner of such a company has to hold for six months. I hadn't heard anything about this being a board decision. I thought it was a rule for SPACs, though I'm not certain about that. I had also heard that the majority owner was only allowed to shed 1% per...month?

    My understanding is that these rules were put in place to avoid people doing a pump and dump scheme. If that's the case, it would have nothing to do with Trump.

    However, if he did start liquidating his position rapidly, I would expect the stock to tank. Sure, there might be some truth to the idea that foreign investors would want to influence Trump by pumping up the paper value of the stock, but there are two problems with that: 1) If he's selling his shares, then they are getting less and less influence from each purchase, and 2) they are sure to lose their shirts, because their holdings will become worthless. Are there really big investors willing to use such an inefficient vessel to try to buy influence? I would expect them to have easier means, such as giving him a building, or something.
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    Re: Truth Social

    Had no idea it was worth so much.
    It's not currently being traded so the value is... whatever Trump (and the other shareholders) say it's worth. Once it becomes publicly traded the value will be whatever people are willing to pay for it. These two numbers may prove to be radically different.
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    Re: Truth Social

    My understanding is that the majority owner of such a company has to hold for six months. I hadn't heard anything about this being a board decision. I thought it was a rule for SPACs, though I'm not certain about that. I had also heard that the majority owner was only allowed to shed 1% per...month?

    My understanding is that these rules were put in place to avoid people doing a pump and dump scheme. If that's the case, it would have nothing to do with Trump.
    I saw a headline a couple of days ago that said the board could allow him to sale, I didn't read the article.

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    Re: Truth Social

    Quote Originally Posted by FunkyDexter View Post
    It's not currently being traded so the value is... whatever Trump (and the other shareholders) say it's worth. Once it becomes publicly traded the value will be whatever people are willing to pay for it. These two numbers may prove to be radically different.
    Yeah, but Trump wrote The Art of the Deal so he's an expert on these things. Plus Trump would never lie.

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    Re: Truth Social

    Quote Originally Posted by wes4dbt View Post
    Yeah, but Trump wrote The Art of the Deal so he's an expert on these things. Plus Trump would never lie.
    Your argument is ironclad. How could I have missed it?!
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    Re: Truth Social

    if he did start liquidating his position rapidly, I would expect the stock to tank
    I think it might tank if he starts divesting regardless of the rate he does so. He made a lot of noise about the value of his properties hinging on his brand value and I think most folks would agree he overestimated that... just a tad. But in the context of Truth Social, it really does hinge on it being his social media platform - that's its USP. If he divests that goes away.
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    Re: Truth Social

    I agree. If he can only sell 1% per month, then it will take him a long time to totally divest, since he's starting with a 56% share, reportedly. Still, the appearance of him selling should be enough to tank the stock. It has no value without him.
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    Re: Truth Social

    Truth Social loses money, has very little revenue, and no viable path to profit. Why else would major financial interests want it at such exorbitant valuations other than to get lots of money to Trump in a legal manner?

    Don't forget that as soon as he owns the assets he can take out loans against them, even if he can't outright sell them.

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    Re: Truth Social

    Maybe we should start our own SPAC.

    I could use a couple million right now.
    Last edited by Peter Porter; Mar 26th, 2024 at 11:18 AM.

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    Re: Truth Social

    I will be interested in the performance of the stock. Initial valuations are usually wrong. Ideally, the value rises, but in this case, the value seems likely to plummet. Guess not, in this case, as it jumped 30% initially. The underlying fundamentals don't support that, though, so I would expect it to decline.
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    Re: Truth Social

    Quote Originally Posted by Shaggy Hiker View Post
    I will be interested in the performance of the stock. Initial valuations are usually wrong. Ideally, the value rises, but in this case, the value seems likely to plummet. Guess not, in this case, as it jumped 30% initially. The underlying fundamentals don't support that, though, so I would expect it to decline.
    It would seem like it would have to, the question is when. Stock market is crazy.

    How does a company that always loses money stay in business? Strange.

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    Re: Truth Social

    He is also hawking bibles...every little bit helps I guess.

    “Happy Holy Week!” Trump’s post said. “Let’s Make America Pray Again. As we lead into Good Friday and Easter, I encourage you to get a copy of the God Bless The USA Bible.”

    Just $59.95
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    Last edited by TysonLPrice; Mar 27th, 2024 at 05:53 AM.
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    Fanatic Member Peter Porter's Avatar
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    Re: Truth Social

    Quote Originally Posted by TysonLPrice View Post
    He is also hawking bibles...every little bit helps I guess.

    “Happy Holy Week!” Trump’s post said. “Let’s Make America Pray Again. As we lead into Good Friday and Easter, I encourage you to get a copy of the God Bless The USA Bible.”

    Just $59.95
    I just read that this Bible contains U.S. Constitution, Bill of Rights, Declaration of Independence, Pledge of Allegiance, and the lyrics to the chorus to Greenwood’s “God Bless The USA." Or maybe the first version written by Lee Greenwood had all this in it.
    Last edited by Peter Porter; Mar 27th, 2024 at 10:26 AM.

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    Re: Truth Social

    He does love to wrap himself in the flag. People seem to eat it up. I guess trying to overthrow the presidential election was patriotic. Who knew??

    The man is completely shameless when it comes to milking people out of money. Sometimes it makes me laugh and shake my head, but that usually doesn't last long, when the thought of him being president enters.

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    Re: Truth Social

    If your stock plummets after a mandatory SEC filing of your social media's company's $58 million loss and total revenue of $4.1 million in 2023, blame bad management by your cofounding reality TV stars of your new media company.

    https://ca.news.yahoo.com/donald-tru...005103287.html

    Trump knows it's value is gonna continuously tank, but it will still be alot of money if he owns all the shares the day he could sell them.
    Last edited by Peter Porter; Apr 3rd, 2024 at 03:10 AM.

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    Re: Truth Social


  30. #30
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    Re: Truth Social

    Please watch how you talk about for your next president.
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    πλάγχθη, ἐπεὶ Τροίης ἱερὸν πτολίεθρον ἔπερσεν·

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    Re: Truth Social

    When a business goes public who/what determines the number of shares available??

    Can the business use all the money from the stock sales for anything? Is there some type of protection for the share holders?

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    Re: Truth Social

    Quote Originally Posted by wes4dbt View Post
    When a business goes public who/what determines the number of shares available??
    Typically management. In most situations you'll find that an outside firm has come in to determine the number of stocks along with its price. It then has to go through the SEC for regulatory approval.

    Quote Originally Posted by wes4dbt View Post
    Can the business use all the money from the stock sales for anything?
    There are regulations on what can be done with the money acquired by an IPO, I don't know them all nor do I want to. But most instance I've heard of it is to pay off debts and "strategic planning."

    Quote Originally Posted by wes4dbt View Post
    Is there some type of protection for the share holders?
    This is true no matter if its an IPO or not but the company has to do what is best the shareholder. There have been lawsuits against companies where shareholders claim that the company acted outside the interest of the shareholder (Google's DEI initiative is a more recent one that comes to mind) but I don't know how successful these lawsuits are.

    But in a general sense, shareholders vote (though typically through a proxy), the business has to disclose its financial reports, and shareholders can inspect corporate records. However, how often do you hear of shareholders actually doing this?

    ---

    In a completely unrelated note, I have some friends that use Truth Social. I just don't see the allure in it. By all accounts its just a way for sycophants to flatter Trump or to rail against the "others". Y'all know me, I think the general state of right/left in the US is just as screwed up as the next guy and could probably agree with some of the railing but it just doesn't seem productive.

    I get the general feeling that this is another way for Trump to cash in on normal every day people. And if history says anything, they'll just smile and glorify what Trump did. I genuinely don't get it.
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    Re: Truth Social

    I get the general feeling that this is another way for Trump to cash in on normal every day people. And if history says anything, they'll just smile and glorify what Trump did. I genuinely don't get it.
    He's very talented at milking money out of people. And, I genuinely don't get it either.

    Thanks for the information.

  34. #34
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    Re: Truth Social

    Quote Originally Posted by dday9 View Post
    Typically management. In most situations you'll find that an outside firm has come in to determine the number of stocks along with its price. It then has to go through the SEC for regulatory approval.


    There are regulations on what can be done with the money acquired by an IPO, I don't know them all nor do I want to. But most instance I've heard of it is to pay off debts and "strategic planning."


    This is true no matter if its an IPO or not but the company has to do what is best the shareholder. There have been lawsuits against companies where shareholders claim that the company acted outside the interest of the shareholder (Google's DEI initiative is a more recent one that comes to mind) but I don't know how successful these lawsuits are.

    But in a general sense, shareholders vote (though typically through a proxy), the business has to disclose its financial reports, and shareholders can inspect corporate records. However, how often do you hear of shareholders actually doing this?

    ---

    In a completely unrelated note, I have some friends that use Truth Social. I just don't see the allure in it. By all accounts its just a way for sycophants to flatter Trump or to rail against the "others". Y'all know me, I think the general state of right/left in the US is just as screwed up as the next guy and could probably agree with some of the railing but it just doesn't seem productive.

    I get the general feeling that this is another way for Trump to cash in on normal every day people. And if history says anything, they'll just smile and glorify what Trump did. I genuinely don't get it.
    I think there is a distinction between an IPO and a SPAC but I don't know if it affects your point:

    In the last few years, something called a special purpose acquisition company (SPAC), has become a popular way to raise capital. A SPAC, also known as a blank check company, bears some resemblance to an initial public offering (IPO), which is a more well-known means of raising capital. But there are key differences. In both cases, though, a SPAC and an IPO are ways for investors to get in on the ground floor of promising startups. If you want early stake in an emerging venture, work with a financial advisor so your choices match your goals and risk profile.
    https://finance.yahoo.com/news/spac-...155324344.html
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  35. #35
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    Re: Truth Social

    I imagine the processes are very similar but not confident enough to say for sure.

    Keep in mind too that I let my Series 6 and 7 lapse a few years ago and completely left that world. And obviously none of what I say is financial advice, please consult a financial planner, etc. etc.
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    Re: Truth Social

    I'd say if your investing in TS you are not basing that on solid financial norms. They have always lost money and there's no obvious growth potential or increased revenue potential. You also have the Trump holding 58% of the shares and there is a realistic chance he will be selling off large amounts. But people can convince themself the world is flat. So I guess I shouldn't be surprised.

    What happens if someone want to sale a bunch of shares and no one want to buy them???

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    Re: Truth Social

    Quote Originally Posted by wes4dbt View Post
    I'd say if your investing in TS you are not basing that on solid financial norms. They have always lost money and there's no obvious growth potential or increased revenue potential. You also have the Trump holding 58% of the shares and there is a realistic chance he will be selling off large amounts. But people can convince themself the world is flat. So I guess I shouldn't be surprised.

    What happens if someone want to sale a bunch of shares and no one want to buy them???
    Lowers the value of all shares. If Trump plans to sells too much of his shares in the future, and no ones buys, it becomes almost worthless. But there are alot of people around the world that would love to pull his strings, so they might buy shares at whatever prices he sets it at. That would increase it's value, but only for a short time if Truth Social doesn't improve revenuewise.

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    Re: Truth Social

    Quote Originally Posted by Peter Porter View Post
    .... But there are alot of people around the world that would love to pull his strings, so they might buy shares at whatever prices he sets it at...
    I can hear it now: "I am financing my campaign totally out of my own pocket. I won't take a dime of the money I'm paid as president. Sleepy Joe. What has he done? He's taking money from millionaires and billionaires. Not that I couldn't if I wanted to. I can raise so much more money than Sleep Joe can. I would probably have billions. But I don't to. It's just not right. This is coming totally and completely out of my own pocket."
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    Re: Truth Social

    I just checked and TS is down another 17%. It's amazing the trail of destruction and the piles of bodies that guys leaves behind him. But still people join his orbit.

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    Re: Truth Social

    When I read about people talking like this https://www.yahoo.com/lifestyle/smal...185507366.html

    It always leave me confused about how some people process information. But then there has been many many cults through the years so this isn't new. But it makes no sense to me.

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