TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp

[neonzx]

Premarket.

32.59 USD 0.00 (0.00%)today
Closed: Apr 15, 9:10 AM EDT • Disclaimer
Pre-market 28.01 −4.58 (14.06%)

[John Thomas8]

Premarket.

32.59 USD 0.00 (0.00%)today
Closed: Apr 15, 9:10 AM EDT • Disclaimer
Pre-market 28.01 −4.58 (14.06%)

Idiots filed to dump more shares on the market:

https://www.msn.com/en-us/news/politics ... r-BB1lE0an

[Dr. Ken]

27.18 right now stock is down 16.07% today

[chancery]

26.74 down-5.85 (-17.95%)

[Volkonski]

Trump stock tanks after announcing massive share sale

https://www.cnn.com/2024/04/15/investin ... index.html

Trump Media & Technology Group’s stock is tumbling again after the company announced a potentially massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.

But there’s a downside to going back to the market with more shares: The addition of 21.5 million shares for sale announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump. And it means that millions of shares could be sold off.

This filing seeks to register all shares related to the merger that took Trump Media public, including those that are tied to warrants. Warrants give the holder the right to buy shares of a company’s stock at a set price.

“The belief is that they’re going to exchange the warrant for a share of stock and then immediately sell that stock,” said John Rekenthaler, vice president of research at Morningstar.

Matthew Tuttle, chief executive of Tuttle Capital Management, says that management would be “stupid” not to sell more stock, even though the move will upset shareholders.

Shares of TMTG (DJT) fell roughly 17% mid-day Monday. The stock had rocketed higher in recent months in anticipation of merging a blank-check acquisition company with Trump’s media business. But it has lost more than 60% of its value from its peak on March 26, the day after the merger was completed and it started trading publicly as TMTG.

“Whenever you see a stock jump, like you saw this jump, a secondary offering is always a risk,” said Tuttle. “I think a lot of investors in this don’t know that. … You’ve got a lot of probably Trump fans sitting there saying, what the heck?”

[Flatpoint High]

wow. diluting everyones shares but his, who'd a thunk it.

[Volkonski]

26.31 down 19.27%

[RTH10260]

Will it still float above 20 by end of the week or will there be a Friday smackdown?

[neonzx]

26.31 down 19.27%

Price drop. Time to buy more shares!!

[chancery]

Consider those great fundamentals!

[Shizzle Popped]

Top Investor Sounds the Alarm on Trump Media Stock

Marty Shtrubel
Apr 14, 2024, 02:18 PM

Like its owner, shares of Trump Media & Technology Group (NASDAQ:DJT) have been extremely volatile over the past year. First trading under the guise of a SPAC under the DWAC ticker and then following the merger with Truth Social, under its current moniker of DJT, its share price has ranged between $12.40 and a high of $79.38. However, within less than a month, the stock plummeted by a staggering 59% from its peak, making it one of the most shorted stocks on Wall Street.

And it’s no wonder, says top investor Daniel Jones. If you’re attracted to volatility, the stock might seem appealing, but fundamentally, it remains overvalued. So, if you’re thinking the sharp drop might present an appealing opportunity, think again.

“The bad news that I have for investors is that, while this might seem like a good time to get in at what might be the bottom, that bottom is likely to be significantly lower than most would think,” the 5-star investor said. “Based on my own assessments, even a generous view of the company suggests a fair value that is lower than $5 per share. And in all likelihood, the stock is worth even less than that in my opinion.”

Accordingly, Jones rates DJT stock a Strong Sell. (To watch Jones’ track record, click here)

While treading carefully through a potential minefield to ensure his analysis remains apolitical, Jones offers a grim prognosis: “The picture looks bad… really bad.” However, Jones gives the bulls some slack, pointing to a significant increase in revenue from $1.47 million in 2022 to $4.13 million in 2023. But that’s sort of all the info you get as the company hasn’t provided data regarding daily or monthly active users. “As opposed to many of the other social platforms and other technology businesses out there, they have chosen to operate in a rather opaque manner,” Jones goes on to say.

The basic problem is that the revenue haul is entirely disconnected from its valuation, which even following the sharp pullback stands at an unrealistic $4.45 billion. And if you want to be extremely generous and say the company could grow into its valuation, that doesn’t hold water either when considering the lackluster growth of the user base. Given the company doesn’t offer any data, third-party sources will have to do. According to Statista, the combined downloads of the Truth Social app in the App Store and Google Play reached 97,174 in February, amounting to only a 3.6% year-over-year uptick. But growth is not even consistent as in January, app downloads fell by 12% compared to last year.

Lastly, its current market cap suggests a value per active user of roughly ~$4,115. Considering that Meta, a vastly more successful company, reports the value of a MAU to be $299.25, assuming DJT were to be worth the same value on a per monthly active user basis as Meta, Jones calculates that it would get an enterprise value of around $389 million. “That would imply a value for the company of about $4.54 per share,” he notes. And that’s being generous. Compare it to other social media platforms and their value per MAU and it’s “not hard to imagine shares being worth well below $1.”

https://www.tipranks.com/news/article/t ... m=referral

[Sam the Centipede]

Top Investor Sounds the Alarm on Trump Media Stock

Compare it to other social media platforms and their value per MAU and it’s “not hard to imagine shares being worth well below $1.”

Damn typos! Surely the author mistyped $ for ¢?

[Shizzle Popped]

Top Investor Sounds the Alarm on Trump Media Stock

Compare it to other social media platforms and their value per MAU and it’s “not hard to imagine shares being worth well below $1.”

Damn typos! Surely the author mistyped $ for ¢?

My brother and I have been calling it Trump's future penny stock.

[Flatpoint High]

26.31 down 19.27%

Price drop. Time to buy more shares!!

$26.61 @ Close

[Luke]

26.31 down 19.27%

Price drop. Time to buy more shares!!

Were you listening to our call, Neon? You're always invited. JPC and I are working out how to divest our laddered Tbills we were holding to buy into Mike Lindell's FrankSpeech offering, but Lindell hasn't come through. JPC and I are still holding all those DWAC/DJT shares at $175 -- this is a fabulous opportunity to dollar cost average.

On Reddit's Wall St Bets https://www.reddit.com/r/wallstreetbets/, they say we have "diamond hands" and that $DJT is going TO THE MOON!

To The Moon DWAC.JPG (58.81 KiB) Viewed 435 times

Luke Johnson @Orly_licious 6h
#TruthSocial #CATASTROPHE! 4/15/24 $DJT 12:20pm ET 18% PLUNGE to $26.85. FEC filing: $DJT will issue 21.5M diluting shares. Fundamental & technical support COLLAPSE. Trump Media $4M less than $MCD franchise. Original opening price: $49.90. High: $79.38 on 3/26. #ZeroValue


Luke Johnson @Orly_licious
$DJT STILL FALLING 4/15/24 1pm ET: $26.75 -$5.84 (-17.92%) Trump Media’s $26.55 low is 66.33% below its $79 peak. on 3/26. #TruthSocial Marks who set their money on fire didn't read the RISK FACTORS. #ZeroValue #TrumpTrial
$DJT SEC S-1 Filing: https://sec.gov/ix?doc=/Archives/edgar/ ... 6x1_s1.htm

[chancery]

Nice brisk start for the morning:

24.73, down 1.88 (-7.07%)

[neonzx]

24.23 USD −2.38 (8.94%) today
Apr 16, 10:46 AM EDT

[chancery]

And we're under 24 and down 10 percent before 11:00 am.

23.84 down 2.77 (-10.41%)

[Reality Check]

May 17-25 put options are going for 6.35 right now. Could spend a few bucks on some of those. If it drops to 20 you could probably clear an 80% to 100% profit by the end of the week. Making money on Trump losing money has a certain attraction too.

[neonzx]

May 17-25 put options are going for 6.35 right now. Could spend a few bucks on some of those. If it drops to 20 you could probably clear an 80% to 100% profit by the end of the week. Making money on Trump losing money has a certain attraction too.

Yeah, but the taint might be hard to wash off.

[noblepa]

Last night, on MSNBC, Stephanie Ruhle was making the argument that TFG will get most of those 21.5 million shares for nothing and that, therefore, even at the rock-bottom prices the stock is selling for, it is "found money" as she put it. It cost him nothing and will generate millions if not billions of dollars for his pocket.

I didn't quite follow her argument, but she was emphatic that this is a very good thing for him.

[tek]

Well, it is free stock - probably taxable.
Though by the time he sells it the 21.5 million shares might be worth about $21.50 ...
Though if he's sufficiently stupid, I suppose he could owe taxes on far more than he nets..

[MN-Skeptic]

Trump’s Truth Social to launch live TV service, but ‘DJT’ stock keeps falling

On Tuesday, the Trump Media said it has completed the research and development phase for the launching of its content-delivery network (CDN).

“With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services,” said Chief Executive Devin Nunes. “There is a lot of great content that simply can’t find an audience for unjust reasons, and we want to let these creators know they’ll soon have a guaranteed platform where they won’t be canceled.”

The company didn’t give a time for the launch of the CDN, but said it will be rolled out in three phases.

The CDN will first become available on the Truth Social app. Second, the company will release stand-alone Truth Social “over-the-top” streaming apps. And finally, it will release Truth Social streaming apps for TV.

The company said the content will include live TV news networks, religious channels, family-friendly films and documentaries. It will also include content that has been “canceled,” or is being “suppressed” on other platforms.

I'm sure Pluto is quaking in its boots.

[bill_g]

ETTD

► Show Spoiler

Everything Trump Touches Dies

[zekeb]

May 17-25 put options are going for 6.35 right now. Could spend a few bucks on some of those. If it drops to 20 you could probably clear an 80% to 100% profit by the end of the week. Making money on Trump losing money has a certain attraction too.

Yeah, but the taint might be hard to wash off.

Now, now. That wouldn't be as bad as going out on a date with Stormy Daniels.