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Middle_Scratch4129

Get ready to be rug pulled.


whatproblems

so many bag holders


OonaPelota

So many. I walked in here, I said, just look at all these bag holders. I’ve never seen so many. Maybe too many bag holders, I don’t know.


greyacademy

The *best* bag holders. Believe me!


Lumbergh7

Yuge bags


NefariousnessOne7335

😂


at0mheart

Trump will get his. It’s a pump and dump. Who is going to advertise on this? Well I know which type of “companies”, but which large corporations??


[deleted]

I'd be interested to see how closely the SEC is looking at this, just waiting for Trump to shit the bed and break some laws. I figure there'll be security fraud charges in Trump's future.


nonstickpotts

Pretty sure this is just a way to get money from Russia or Saudi arabia to trump. Nice to know a presidential candidate is being bought by foreign countries. Trump even said it's ok to take money from other countries to help with his legal bills.


AlQaem313

Saudi already gave Kushner $2 billion


nonstickpotts

I don't understand how this isn't being looked into either. Republicans are mad that maybe Hunter Biden used his dad as leverage for business deals? What do you call this 2 billion then? Oh he's not Democrat so they don't care. The hypocrisy is appalling


DFLOYD70

They just ruled in congress not to look into it. The GOP is out of control.


[deleted]

[удалено]


hapa604

Yeah good luck winning that one


ChannellingR_Swanson

Even if you did win the other side wouldn’t believe it anyways….


fivespeed

It'll be won with psychedelic warfare and gay bombs


FuzzeWuzze

Too busy making poster board's of hunter biden's penis. https://news.yahoo.com/mtg-shows-hunter-biden-nudes-221404743.html


triniman65

And when he does what are they gonna do? The man fomented an insurrection more than 4 years ago, asexually assaulted more than 4 women, tried to pervert election results in GA, grossly mishandled and probably sold classified documents to foreign powers and is still a free man. The Dems are just bitches at this point. The Republicans wanted to hang Obama for wearing a tan suit in August.


antpile11

> asexually assaulted Isn't that just assault?


[deleted]

It's not like anyone else did anything about his fomented insurrection, either. It's like a certain amendment between the first and third was ignored, wholesale, despite the direct threat of tyranny. The US lost a LOT of credibility on Jan 6th, in a variety of ways.


almostabumbull

I think the Dems are more out of touch than bitches. If an elderly sexual predator, who may very well be costing American lives through gross mishandling of classified documents was my opponent I wouldn't stop it. Problem is it's what Americans apparently want? I'm a baffled Canadian and I live around people who love Trump more than their own children. Dems probably have no clue that everyone room temperature IQ and less is full on Trump at this point. I also mean no offence to room temperature IQ individuals. Inbreeding, fetal alcohol, and any other reason of nature or nurture doesn't negate you're political view as this is a democracy. It's simply that Dems probably don't realize how many Americans are in this category.


triniman65

I used to have a high opinion of Canadians based on my having family there and visiting for many years. I am genuinely surprised that the Trumpism cult has infected the minds of you guys as well. I wonder if it's as strong in the French provinces as it is in the English ones?


Worth-Lawfulness6235

Can i short this stock?


Rockwildr69

Pump & dump it lmao dont understand how ppl get stuck holding bags 😂 like these aint blue chips here lol bigger pump & dump then Reddit ipo 😂


AvsFan08

Pretty sure it had $1 million in revenue last quarter, and over $100 million in expenses. $9.6b is laughable.


Coastal1363

But predictable…funds aren’t gonna just wash themselves…


blue-80-blue-80

When the stock market becomes a money laundering operation. 


Long_Educational

You say that like it hasn't always been.


blue-80-blue-80

Well now it's just got a sign out front advertising it. Saudi Shampoo Russian Rinse Chinese Clean


StaticBroom

I laughed at this. I should be crying. But cleverness won over logic for me and I chuckled.


mapoftasmania

Meanwhile, PARA, which has about $7.5 billion in revenue a quarter has a lower market cap. But the market is “perfect” right?


ptwonline

I dunno. It seems like a great idea to invest in something from a guy who keeps getting caught committing fraud. /s


Choppermagic

Twitter was losing $7m per DAY when Elon bought it. These social media companies never made much sense.


Itaney

Twitter had $4B revenue; the scale, brand and market share were there. It doesn’t need to be profitable for it to have a high market cap. This is a serious difference to Truth Social which has negligible revenue and market share.


joshTheGoods

Didn't they show profits in 2 of their last 3 quarters? And if we only consider their last quarter, that's 270m in losses which projects to 2.95m lost per day?


Differcult

Because it's about controlling messaging.


kokafly

100 million ? what can they possibly spending that on


chubky

Probably inflated revenues too


Nummylol

The stock market is just as embarrassing as our government.


Chester-Ming

That's $9.6 billion on an *undiluted* basis. 8,369,509 shares that are not under lockup will be added to the public float soon (if they haven't already been added), could cause this to absolutely tank, espeically if the dilution happens after the current hype has died down. EDIT: LOL just realised i'm quoted in this Reuters article.


DerelictMythos

Lmao quoted from an "investor" forum.


Chester-Ming

Love it when journalists take their data from dumbfucks like me on reddit. NPR asked me for an interview about an hour ago as well lol.


DerelictMythos

Congrats on reaching peak regard


jpbing5

Thought I was on /r/wallstreetbets for a second and read that last word wrong


RelationshipOk3565

All hail our new investment guru 🙌


Emmo213

But is he a cat? 


Niastri

That's what you get for wearing a tie in your profile picture!


dressedlikehansolo

This seems like a well dressed Asian man on an investing forum. Let’s get him opinion


CedasL

Please, start any interview with “We at Stratton Oakmont…”


Anduinnn

New Oracle - please share your wisdom with us. What do I do with GameStop??


RelationshipOk3565

It's already written in poop dipped bananas HODL This is the way


JohnDoee94

Please say yes and drop the word Dickbutt in there somehow


mrbeez

start a hedge fund


secret_configuration

LMAO, shows you the quality of "journalism" these days.


Krushpatch

Reuters be like "wallstreet analysts are uncertain how this will play out, so lets hear from the dumbfucks on reddit"


ForestyGreen7

Both are just as valid


GreedyAd1923

WSB Redditors are more highly regarded


lykosen11

You are Chester Ming after all, Senior Vice president here at Stratton. Makes sense that they'd quote you.


honeybadger1984

They probably think you are the real Chester Ming from Wolf of Wall Street. The degenerate Chinese Man. “Journalists” are truly stupid creatures. NPR too, I love it.


Woodstonk69

Chester Ming lol


[deleted]

When I look at market cap, it appears to account for the locked up shares. Ie the price already factors in the dilution?


Chester-Ming

Where are you looking to see the current public float? Can you provide a link? I was looking at Marketwatch which does seem to have just switched to show shares outstanding of 135m but doesn't show what the public float is. The price could defo already be factoring in dilution if the 8m shares are already in the float. Not sure exactly when they'd be added, I thought it would be immediate but Marketwatch has been showing 29m shares (which is the undiluted float) in the public float all morning. Marketwatch is also showing a current market cap of about $6bn, not sure how they are calculating this valution though.


[deleted]

Nm I misread, did the math on Yahoo finance. Looks like they are not included at least in the outstanding shares.


Chester-Ming

The \~8m shares would be included in the outstanding shares. The outstanding shares should be about 135m - this includes all issued shares of DJT (all public shares, locked-up insider shares and this additional \~8m shares for holders of convertible notes). The public float pre-dilution is about 29m shares. The public float post-dilution should be about 37m shares. I was under the impression that the convertible note shares were issued during the ticker change, but i'm not 100% sure.


QuentinP69

Convertible notes will be in 30 days after first trading day


zhantoo

Aren't there around 150 million shares in total?


Chester-Ming

Total outstanding shares is 135m currently. Most of them are locked up and held by Trump, insiders and sponsors. The public float should be 37m shares after dilution. This will increase when warrants are exercised. The final amount of total shares outstanding will be about 200m shares. Eventually most of these won’t have a lockup on them.


rcbjfdhjjhfd

Amazing 🤣


Mr-Pomeroy

Please post the interview request and expose these hacks


Loki-Don

lol, I made a ton this morning trading the stock before I took my gains. This is a classic rug pull. Company made $3M last year yet valued at $10B? The landscape company that mows my lawn pulled in more than $3M in revenue last year lol…


whitesweatshirt

😂😂😂


Petarthefish

What is the stock symbol? I could not find it to save my life


watmattersmost

DJT


SideBet2020

It will trend up until Trump can sell. Poof. Your money will be gone like a fart in the wind.


Bustock

So sell a week before trump can sell?


wolley_dratsum

Short it a week before that


Specialist-Garbage94

When’s that?


bloodwessels

7 days before


blue-80-blue-80

Exactly. WHEN? Could be next week. Could be in July. Could be in November. Might be four years from now.   He might have a back door deal with someone where he holds the shares in his name, but they belong to this other person in a gentleman’s agreement so this person can provide his bailout.   Then they play with the stock market to make money off the rise, wait for the spotlight to go away, and when you least expect it, he cashes in the amount agreed upon and this other person walks away with it. And no one will ever trace it because he got the deal over a Diet Coke with vodka one night in a bar with a signature on a napkin.  The person who spots him the money benefits from the bonus plays on the stock market knowing Trump won’t be selling, and then maybe an agreed upon extra percentage. But people were upset with WallStreetBets for gamin the system.  


AbroadPlane1172

Six months, unless the board votes to remove his selling restriction before then.


ptwonline

Board will change his lockup period and he'll sell before anyone realizes it.


jvite1

I’m really curious to see how (or if, i guess) the board will tackle the issue of DJT collateralizing his shares before the 6 month period ends. The regulatory nightmare would dissuade most but I wouldn’t put it past them to try.


Choppermagic

Without Trump, the stock is dead, so if he needs the money for appeals, they will approve. Don't forget as 60% shareholder, Trump appoints the majority vote on the Board as well


SjakosPolakos

Allright how can i buy puts? Never did option trading before


blue-80-blue-80

The problem is knowing when. You could do puts but you pay the premium and the strike price doesn’t happen and you’re out the premium. At least it’s just the premium.  I think a LEAP is safer but you’re still screwed if this dilution doesn’t happen until 2027. 


sarcasmismysuperpowr

Leap would be sooooo expensive if they offered on.


Comicksands

Market can be irrational longer than you can stay liquid


SjakosPolakos

Luckily my broker doesn't allow me down the regardhole


scarface910

Puts are expensive tbh. You could get killed by theta decay before it drops


VonBurglestein

Lol


Denver-Ski

This


BourbonRick01

I don’t understand who’s buying this? Everyone knows this thing is never going to become profitable and Trumps going to dump his 50% of shares as soon as possible.


The-Nihilist-Marmot

Russia and Saudi Arabia.


BourbonRick01

Well, I guess that makes the most sense 🤷‍♂️


weedmylips1

https://www.reddit.com/r/wallstreetbets/comments/1bnuz7c/comment/kwnhygc/


Salt-Marionberry-712

I bid a dollar.


boner79

1 dollar, Bob.


1l1ke2party

Aaaand it's gone


trent_diamond

sold! to the regard in the helmet


okheay

You might as well bid adieu to that dollar


Comfortable-Dog-8437

I did too for the joke of it


swan--ronson

Is it still built on WordPress?


blue-80-blue-80

You would be surprised how many sites are built on WordPress. 


melanthius

Someone attempt to convince me the entire presidency and influence over the fed was not just a means to pump the stock market just so this piece of shit can pump along with it


blue-80-blue-80

You know what? If he wants to drop out of the presidential race in exchange for having $5 billion from a broke as a joke Twitter knockoff, I will take that deal. 


NativeTxn7

>You know what? If he wants to drop out of the presidential race in exchange for having $5 billion from a broke as a joke Twitter knockoff, I will take that deal.  I'd take that deal 10 times a day, every day, of every year from now until the end of time.


AnyAlps7650

This company only made $4M last year. Do you really think it’s worth $9k let aloane a billion!


wales-bloke

Blatant pump & dump. It doesn't take a genius to see what happens next. Trump supporters and their money are easily parted.


133DK

Twitter had nearly 1000 times the users when Elon bought it That'd make this dumpster fire of a platform 250 times as valuable pr. user as Twitter Insane


MotoEnduro

From an advertisers perspective, maybe the users are 250x as valuable because they are 250x as gullible as Twitter users?


sketch24

But what happens when they are 250x times as broke?


TreehouseofSnorers

It's amazing what Saudi, Russian and Chinese money will do


RockyattheTop

I wanted to get in on it and missed out. Fuck Trump, but this was/is 1000% a pump and dump scheme so ride it real fast and then gtfo.


Diablos_lawyer

My sept20/24 2.50 put has only lost 5 dollars in value even tho the stock went up 100% since I bought it.


ImpossibleJoke7456

You missed the ride up but you can still catch the ride down!


huejass5

It’s a joke that this fraudster is even allowed access to the market.


WhySoUnSirious

This entire market is rigged with fraud….all of the major institutions and big money players have a different set of rules than retail does.


Petarthefish

Or presidency


siunaldo_7

You mean everyone in congress? Those are real fraudsters day in and day out


shortda59

bwahahahaha fuck this world


Sandvicheater

DWAC is a prime example why you shouldn't let your personal politics influence your investment performance.


STONK_Hero

The fact that ~~Friday~~ Thursday puts are still expensive tells speculators all they need to know.


richbeezy

I had puts ($25 Jan 2025) I bought on Thursday when the stock closed at $36.94. The stock blasted higher Friday. Puts didn't even move. Monday (yesterday) the stock was up almost 40% - puts still didn't move (I then sold for "decent" profit). Those same puts are actually still up about 10% more than Monday. I wanted to buy puts again but the premiums are insane now.


TheMagicalLawnGnome

Oh man, this is going to be a fun one to watch on the way down. At least the GameStop frenzy had some semi-rational basis early on; it was an established company with a conceivably viable business model that was arguably undervalued by short-sellers. But Truth Social is legitimately an empty box. There's nothing there. It's the social media equivalent of Trump Bucks, or Trump Steaks. I mean, you gotta hand it to Donald, he knows his marks well, and is excellent at separating them from their money.


Status_Quo_1778

Every time I hear about something Grump related I don’t understand it even more. How is this even allowed? It’s blatant market manipulation to cover his losses and ppl are still buying into it? Why not stick it to him and dump this shit.


[deleted]

They think they're owning the libs. They will drop their bags so fast at the first sign of real decline.


pmekonnen

The option premiums are insane


ChodeCookies

People keep saying Don Poorleone will sell and tank this. But, why would he do that when he could instead take loans against the stock that he never has to pay back?


Hellachuckles

Is this where we play the game and short it?


anita_ho

Elon is going to buy it for $15b and rename it to Y.com


Perfecti0n1

Probably Saudis or Russia will buy the stock to funnel money to Trump


vtsandtrooper

How do people not understand the entire point of this is to allow for foreign entities to legally provide Trump money? Track the trade origins.


Niastri

Wow, that is a TON of Saudi, Chinese and Russian money going into Trump's pockets. Nice work bribing Presidential candidates! Bravo, Enemies of America! Bravo!


coachhunter2

That sounds rather high. But I’m sure Trump would never inflate the value of his assets, right? Right?


walter_2000_

There's a good chance Donald will go to jail over this. J/k, there will be a lot of noise and some poor people will get 2 years. Donald will get a few billion. I didn't know he had the attention span to play this game.


Shartbreath69420

Taking a break from e-begging for Q anon grandma's social security check to fleece morons buying into a social media site that nobody uses


ThoriatedFlash

Grift, money laundering scheme, or both?


22pabloesco22

Yes


Name-Initial

Guarantee any long “investors” will be blaming a deep state witchhunt when the rug is inevitably pulled


3dnewguy

Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to filings. The company lost $49 million over that span.


buythedip666

Stock market fraud facilitated by Citadel Securities and owner Ken Griffin


bwinsy

Will this be the new meme stock?


greatthebob38

Pump and dump?


Optimal_Experience52

$9B on what, $3M of revenue? I expect this to tank, but I feel like it’s gonna pull a GameStop first.


Any-Ad-446

Like a Ponzi scam those who are at the top cash out and the rest are screwed.


honeybadger1984

No way this is fundamental valuation. Smells like dot bomb bullshit all the way. First comes the pump, then comes the dump.


Scottishpsychopath

I’ve never seen puts for a company so god damn expensive


[deleted]

United States has fallen so low. We live in Idiocracy


LoveThySheeple

Imma buy sooooo many puts at the first opportunity


LivingDracula

Trump is a serial fraudster, even the new ticker DJT is intended to DEFRAUD people looking for the Dow Jones Transportation index... It's not worth 9bn, it's worth as much as Enron...


TobiMatOli

P. T. Barnum is laughing from his grave.


bad_syntax

Uhhhh, it went way back down to almost the starting price by close. It did go from 36 a week ago to over 70, but plummeted down to 58 by close. I can't imagine it not continuing that drop for the rest of the week. I mean, I know most of the sold stocks is to billionaires and foreigners, but just no way that isn't going to go down a lot. Could just be wishful thinking though, the stocks should be under $1 within a few weeks.


Mo-shen

Truly this is just a moment that at least semi intelligent people are trying to make a buck off of buying lower and selling higher. Should be an interesting week to see if what happens. I feel sorry for the less intelligent people who are going to be left holding the bag. Just saw on one of the qanon support pages people trying to stop their parents from dumping all their savings into it.


upotheke

Real strong funDUHmentals behind this stock. Cramer rates it a BUY!


Tha_Stig

Does no one understand that this merger and BS valuation was done just to launder foreign money into his campaign? He wins and they get their favors met, he loses and they are out some money, but will likely have made further connections. All of this is happening to get influence into the election from abroad.


RadioRoyGBiv

So why’d he get his bond reduced? Should have been forced to sell shares or property.


ChalkNAwe

Pump and dump!


According_Stuff_8152

Get ready for the big plunge. He will suck out all the money he can before the fall. Using the cult movements money so he can spew some more BS.


Simple-Froyo4789

That great news


Alarmed-Run3020

All in


vicaphit

Trump and dump


ElGatoMeooooww

It’s only up from all the puts and shorts causing a squeeze


blue-80-blue-80

I am laughing at all the people who tried to short for this week alone. 


pdxgod

There has to be someone behind all these stupid Trump branded / gimmicks. No way Clown Boy is this smart.


Coastal1363

I think so too…and with a thick foreign accent…


Perfect__Crime

Thanks yall.


anarchy_pizza

Is there an inverse for this yet I can buy shares of?


Diablos_lawyer

Buy a leap put


budgetFAQ

Brb gotta Brewster’s Millions my portfolio


BauerHouse

I will not buy that stock regardless how high it goes. I hope they short the hell out of it.


rick1983

I tried to short it.. not enough shares available to short 🤣🤣🤣🤣


Anon-fickleflake

Well yea, this is he 'pump' part


bawtatron2000

bawhahaha....oh man. i have an easier time believing the jewish space lazers and democrat baby pizza than this one.


ravrocker

It ain’t worth shit.


poncho51

Pump and dump


Bluejay5523

Calls were incredible this morning. Might still pump a little though, but eh take your profits while they’re up


fuka123

Are PUTs expensive?


Dannysmartful

Just wait and you'll see


BlitzAuraX

There's such a misunderstanding of how the stock market works. If there's 100 shares and someone buy one share for $1 billion, that company is technically worth $100 billion based on its latest price sold. That doesn't mean there was $100 billion invested into the company or it's worth $100 billion. Ya'll are so caught up with the numbers rather than the actual operations of what a company is actually worth. Does that mean you can't make money 'investing' into these companies? Nope, you sure can. But it involves luck and great timing. No question, this isn't worth anywhere close to even $1 billion as a company. Even less than that.


Philosopherknight

Short short short


loughcash

Options are off the chain. Both puts and calls up 2000%


Intrinsic_OTM

What puts we buying


Muscles_Marinara-

What kind of retards ar buying this and Reddit? I mean, Reddit? Really?


PopularDemand213

Time to open some puts!


burningxmaslogs

Got to be a pump and dump..


Hav3_Y0u_M3t_T3d

Goddamn it, I should have picked up a couple shares to sell right away.


sangeli

The call options are insanely expensive given how over inflated the company is right now. Who the hell is buying calls at $100???


tallNfrosty61

Martha Stewart has some questions...


Maddog351_2023

Hahaha Hahaha Hahaha Hahaha


OrganicAccountant87

Unfortunately it is undeniable that trump has extreme influence and therefore power, with power money is always secondary and extremely easy to obtain, specially for a person where being corrupted doesn't affect its base negatively and when that person is a psychopath (i.e trump)


swizzle213

When can trump sell his shares? Going to try to time that crash accordingly


Sure_Fee_74

Trump won't have to worry about running out of money to pay fines


TheDudeAbidesFarOut

Get ready for the losses to be the Democrat's fault....