Truth Social: "Follow the money"

Somthing hinky is going on with the Truth Social stock.. As someone who looks closely at the money, something is seriously wrong here. The stock price tanked, then for no apparent reason, it rallied and in spite of every metric including more bad news since, the stock price is stable. The company is currently taking less revenue than a middle America McDonalds. And still the stock price doesnt wobble..Visit numbers are declining as a time when every headline is about Trump. Where is the money coming from to hold the stock price so steady. Clearly the stock is on a life support machine.. But plugged in to whom???😷 This commentary agrees..
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Ynotisay · M

Truth Social stock crashed after the verdict. Both the S&P and Dow rose and the Nasdaq was neutral. He lost a lot of money and I don't think it's coming back.

whowasthatmaskedman · 70-79, M

@Ynotisay Truth Social and the Indeces are not connected. The "crash was a general reaction to the verdict and still just part of consumer sentiment. What is happening (or rather not happening) to the Truth Social stock is actually defying all that. I dont know what the game is exactly. But its rigged..😷

Ynotisay · M

@whowasthatmaskedman Right. Trump Media dropped. The rest of market didn't. And anyone with a clue knows that it's the equivalent of a meme stock. It lost like 60 million last year. That's what just a few million of revenue will do. IMO what's happened is people who don't know how to invest went all in and now they're hanging on with the hopes it'll rebound. It won't. The people who got out over the past couple of days probably assumed the conviction was going to tank it even more and they wanted to cut their losses. Either way, the whole thing is a scam. Clearly. Only upside is the Orange One can't sell until September. By then who knows where it'll be. But I don't think up would be a wise bet.

whowasthatmaskedman · 70-79, M

@Ynotisay Now I'm not saying this is whats happening. But it is a great way to pass black money to Trump and launder it. Hypothetically a foreign govt could use Cayman banks (they used to use Deutsche bank) to pump money into local entities with instructions to buy. Trump does get bonuses based on the stock price, Not business performance. And he gets to sell his shares at the inflated price in time..All legal. And no way of tracing it back. to Russia , the Saudis or anyone else.😷

Picklebobble2 · 56-60, M

@whowasthatmaskedman Yeah somebody's backing this man to quite some tune.
I mean it's clear he doesn't have it himself.

So where's it coming from and why is it not clear who from ?

I could understand if it were low friends in high places at home. Hence the 'secrecy'.
But if it's from a foreign power.....

whowasthatmaskedman · 70-79, M

@Picklebobble2 The size of the play does smell like a government at arms length. The Saudis gave Jared $2 Billion. But he cant pass that over. So maybe one of the Central European deals he made has a back door. All speculation of course. But the one thing thats clear is it offers Trump a lifeline he is sunk without..Couple that with the delays in the other court cases and someone is counting on him getting back into the White House. Bid Winners. Russia and China on the destabilization of the government and the Saudis on the deals on weapons and oil. All three on having the $US removed as the reserve trading currency. And that will trash the US economy...

Ynotisay · M

@whowasthatmaskedman Given everything that's gone with him and his family that's not an outrageous scenario. It could happen.

whowasthatmaskedman · 70-79, M

@Ynotisay I know its possible. I know similar things have happened in the past. Money and how it works is my thing..😷