DJT Stock
DJT Stock
As of this moment of this writing, DJT stock - Truth Social - is down to 40.65, half of what it was on the first day. It lost something like $58 million last year on income of only $4 million.
And you idiots on the right want to tell us that Trump’s portion is worth $6 billion?
Every business Trump has ever started, except for his real estate holdings, has went out of business or bankrupt. Lessee - Trump University, Trump Airlines, Trump Steaks, Trump Vodka, Trump: the game, Trump Ice, GoTrump.com, Trump Tower Tampa, Trump Mortgages, Trump SoHo Hotel, Trump Plaza Hotel and Casino, Trump Taj Mahal, Trump Institute, and of course, the USFL. Plus, there were six or more hotels that died after heavy losses in the planning phase that just never opened.
Glenn tell us again how Trump is such a successful businessman? And tell me why you think this business will succeed?
And you idiots on the right want to tell us that Trump’s portion is worth $6 billion?
Every business Trump has ever started, except for his real estate holdings, has went out of business or bankrupt. Lessee - Trump University, Trump Airlines, Trump Steaks, Trump Vodka, Trump: the game, Trump Ice, GoTrump.com, Trump Tower Tampa, Trump Mortgages, Trump SoHo Hotel, Trump Plaza Hotel and Casino, Trump Taj Mahal, Trump Institute, and of course, the USFL. Plus, there were six or more hotels that died after heavy losses in the planning phase that just never opened.
Glenn tell us again how Trump is such a successful businessman? And tell me why you think this business will succeed?
Re: DJT Stock
It will be a few years before we can judge the success or failure of truth social. Personally I am surprised it has so few subscribers. It makes you wonder just how popular is Trump.
Also it needs a big name to come on board. If Rush Limbaugh was alive and supporting it I guarantee you it would have a couple million followers.
Also it needs a big name to come on board. If Rush Limbaugh was alive and supporting it I guarantee you it would have a couple million followers.
" I am a socialist " Bernie Sanders
Re: DJT Stock
Oh? How long can you continue to make only four million in a year, and lose 58 million? I mean, c’mon. Hope springs eternal, I guess.Glennfs wrote: ↑Fri Apr 05, 2024 10:11 pm It will be a few years before we can judge the success or failure of truth social. Personally I am surprised it has so few subscribers. It makes you wonder just how popular is Trump.
Also it needs a big name to come on board. If Rush Limbaugh was alive and supporting it I guarantee you it would have a couple million followers.
Re: DJT Stock
I wouldn't know but I believe that MSFT was selling for under a dollar for quite some time.
I really wish I could look at truth social just out if curiosity. But I am afraid it is full of viruses.
" I am a socialist " Bernie Sanders
Re: DJT Stock
But you can't make just four million a year and lose fifty-eight million and keep in business.
It's a trash fire, just like every other non-real estate business that Trump has ever done. Every last one has been a failure.
Donald Trump is a loser.
Re: DJT Stock
Anyone investing in TFG or his schemes proves the adage "a fool and his money are soon parted."
When you vote left, you vote right.
Re: DJT Stock
What gets me is that Glenn seems to want to believe with all his heart that the business HAS to be successful, because it’s Trump! He’s wedded to the idea that Trump is such a successful guy, when it’s easy to see that he’s nothing more than a scammer.
Re: DJT Stock
He went from around 100 million to multiple billions. That by definition is successful.
" I am a socialist " Bernie Sanders
Re: DJT Stock
I agree with you entirely. I wonder if Trump had ever lost any money personally on any of his business failures.
Take this one for example. After 6 months he can start selling and shorting his holdings.
With 75 million shares if he gets 10 a share that's 750 million. If it goes belly up he has lost nothing.
" I am a socialist " Bernie Sanders
Re: DJT Stock
If I recall, one of his early bankruptcies, he damned near lost a lot, personally. I know he had to give up his boat. But after that, nah. It's always other people's money, and going bankrupt means you get out of paying what you owe.Glennfs wrote: ↑Sat Apr 06, 2024 7:33 pm I agree with you entirely. I wonder if Trump had ever lost any money personally on any of his business failures.
Take this one for example. After 6 months he can start selling and shorting his holdings.
With 75 million shares if he gets 10 a share that's 750 million. If it goes belly up he has lost nothing.
He would be a lot more broke if he had to pay back the money he had borrowed in his bankruptcies.
But as I recounted earlier, most of his businesses have resulted in abject failure. This won't be any different. He's a terrible businessman.
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Re: DJT Stock
gounion wrote: ↑Sat Apr 06, 2024 8:28 pm If I recall, one of his early bankruptcies, he damned near lost a lot, personally. I know he had to give up his boat. But after that, nah. It's always other people's money, and going bankrupt means you get out of paying what you owe.
He would be a lot more broke if he had to pay back the money he had borrowed in his bankruptcies.
But as I recounted earlier, most of his businesses have resulted in abject failure. This won't be any different. He's a terrible businessman.
If a person starts a business and that business goes under but, the person who started it makes money is that a failure?
" I am a socialist " Bernie Sanders
Re: DJT Stock
So going bankrupt and all the banks and investors losing money is just fine, just as long as DJT makes a killing?
I doubt many of his businesses made any money. Trump Airlines was a flop. And look what he did to the USFL.
It’s funny watching you bend over backwards to try to make Trump out to be a success. He’s a scam artist, that’s all.
Tell me how great Trump University was.
Re: DJT Stock
I doubt he lost any money on the ventures. Again if you start with $1 and end with $50 you are successful by definition.gounion wrote: ↑Sun Apr 07, 2024 10:07 am So going bankrupt and all the banks and investors losing money is just fine, just as long as DJT makes a killing?
I doubt many of his businesses made any money. Trump Airlines was a flop. And look what he did to the USFL.
It’s funny watching you bend over backwards to try to make Trump out to be a success. He’s a scam artist, that’s all.
Tell me how great Trump University was.
" I am a socialist " Bernie Sanders
Re: DJT Stock
And if a con man/grifter starts out with $50, makes $100 off his victim, gets caught and only pays a $50 fin, then he's made $50 but he's still a con man/grifter.
When you vote left, you vote right.
Re: DJT Stock
How many times does thar make for Dear Leader? I quit counting but I am guessing it is around 1235.
Because anytime you can't refute an argument you simply bleat Dear Leader. Showing you aren't only dim witted you also can't defend your positions or dispute those different from yours.
Just like Trump.
" I am a socialist " Bernie Sanders
Re: DJT Stock
Um, that’s not in the post you quoted.Glennfs wrote: ↑Sun Apr 07, 2024 3:34 pm How many times does thar make for Dear Leader? I quit counting but I am guessing it is around 1235.
Because anytime you can't refute an argument you simply bleat Dear Leader. Showing you aren't only dim witted you also can't defend your positions or dispute those different from yours.
Just like Trump.
Why do you always run to Trump’s defense?
Re: DJT Stock
Actually this was an anti Trump thread which was attempting to point out how DJT was a win win situation for Trump. While attempting to have an actual discussion about Truth Social and maybe his other business " failures".
But, of course you being obsessed with the Bible oops I mean Trump ( I confused you with my grandfather) you don't have the ability to have an actual discussion about Trump.
" I am a socialist " Bernie Sanders
Re: DJT Stock
Kinda looks like the whole thing is another of Trump's pump and dumps. Helluva way to make money.
I am not a member of any organized political party. I am a Democrat. [Will Rogers]
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Re: DJT Stock
I wouldn’t invest in this type of investment personally. Too volatile for me. It’s outside my risk tolerance. But there are investors out there who like to play in these markets. The potential return is worth the risk to them. The fact that it’s currently losing money isn’t dispositive. Lots of startups lose money in the early years. Twitter is an example. The question I would have is whether it is performing as projected and what are the projections. It may not be making money currently but it may have the potential to make money.
Re: DJT Stock
i have yet to buy a scratch off or lottery ticket. i've been in the casino's but the only dime i've ever dropped there is for a sure thing. A beer. Same goes for the Stock Market. It's gambling and the money that comes from gambling is ill gotten gains. It promotes greed. Being frugal is one thing, coveting money another.JoeMemphis wrote: ↑Mon Apr 08, 2024 11:32 am I wouldn’t invest in this type of investment personally. Too volatile for me. It’s outside my risk tolerance. But there are investors out there who like to play in these markets. The potential return is worth the risk to them. The fact that it’s currently losing money isn’t dispositive. Lots of startups lose money in the early years. Twitter is an example. The question I would have is whether it is performing as projected and what are the projections. It may not be making money currently but it may have the potential to make money.
I get what you're saying. If it was anyone else but Trump that is.
I am not a member of any organized political party. I am a Democrat. [Will Rogers]
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Re: DJT Stock
I don’t share your view on investing. Without investors we would all be farmers. You can argue it’s gambling I suppose. There is risk. But there is risk in everything we do. Life is a gamble. The difference is risk tolerance and for some folks it’s very high and for others it’s low. Very few things in life are sure bets. There is risk in everything we do.bradman wrote: ↑Mon Apr 08, 2024 11:51 am i have yet to buy a scratch off or lottery ticket. i've been in the casino's but the only dime i've ever dropped there is for a sure thing. A beer. Same goes for the Stock Market. It's gambling and the money that comes from gambling is ill gotten gains. It promotes greed. Being frugal is one thing, coveting money another.
I get what you're saying. If it was anyone else but Trump that is.
Re: DJT Stock
JoeMemphis wrote: ↑Mon Apr 08, 2024 11:32 am I wouldn’t invest in this type of investment personally. Too volatile for me. It’s outside my risk tolerance. But there are investors out there who like to play in these markets. The potential return is worth the risk to them. The fact that it’s currently losing money isn’t dispositive. Lots of startups lose money in the early years. Twitter is an example. The question I would have is whether it is performing as projected and what are the projections. It may not be making money currently but it may have the potential to make money.
Anyone who invests in this stock isn't much of an investor. Unless they were shorting the stock.
" I am a socialist " Bernie Sanders
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Re: DJT Stock
There are investors who are high risk / high reward type of investors. I guess they have the money to speculate. I’m not that guy. But if you are a startup and don’t have startup capital and don’t fit the bank model, you may have to go to a venture capitalist / angel investor. Thats where many startups go for their money.