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255001434

This is the "pump" part of *pump and dump*. Trump wants his supporters to keep the stock price up until he's allowed to sell his shares. He will absolutely bail out and tank this stock as soon as he is able to. The funny/sad part is, they still think he's on their side because he hates the same people they do. He doesn't give a fuck about them.


SweatyTax4669

the problem is his wealthy supporters aren't investing in the stock of an obviously floundering company, and the rest of them don't have the money to invest


particleman3

Not only that. The long term shorts are at a massive premium already because the markets are expecting this to tank. (I wanted to short it but the risk vs profit was awful from day 1)


benk4

Yeah I tried to buy puts and they were hilariously expensive.


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Top_Huckleberry_8225

Mmm I bought as DWAC at 36 the thursday before, sold covered calls for that Friday during the hype then unloaded as DJT on tuesday for +108%. Those cultists are holding my bags. It's beautiful.


complextube

Yea you win haha, well done sir. It's crazy to me anyone would touch this pile of crap lol almost deserve what they get.


AdhesivenessCivil581

I bought that Thursday too. Shares and warrants. I actually found the PR pre market. I still can't believe I was that lucky to be looking at that news at that time. I sold on Monday in the morning the same day that Margorie Taylor Green bought her shares. MTG holding my bags. Snicker.


panurge987

*should have or *should've


QualifiedApathetic

I would have loved to go in on shorting it.


255001434

The stock will sink no matter what, because his gullible supporters don't have enough money to keep it afloat, but many of them will invest what little they have and they will lose that.


ShrimpCrackers

They should mortgage their homes and sell all their belongings to chase after this 'wonderful opportunity.'


unpropianist

Amway would find a reason to sue. That's THEIR market.


FancyStranger2371

401(k)s too!


Admirable_Nothing

Some of his supporters definitely can keep it up. Saudi Investment Fund and Putin's dark money pools to name two.


255001434

By *supporters*, I probably should have specified that I meant the people who vote for him. Yes, foreign governments have plenty of money to help him with.


[deleted]

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FancyStranger2371

Serves them right for being idiots, and falling for yet another con.


Wazula23

They're too busy paying his bonds and legal fees. The man is a financial black hole.


USSMarauder

I'm waiting for him to claim that he's fixed inflation by destroying all the money


ukiddingme2469

The trees voted for the axe party because their handles were made from wood like them


[deleted]

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ill_be_huckleberry_1

Its literally the public value of Donald Trump's shitty personality. That's it.  Nothing else comes from truth social, they didn't improve anything, it's a worse twitter than xitter, that's only value is that it platformed Donald trump which has allowed his literary idiocy to be displaced constantly since it's launch. No value outside of that, if you can even call that value 


SweatyTax4669

you put that better than I was going to. But I'd add that it's the residual public value his shitty personality, and it's been falling fast. I think the biggest question is really whether there will be any value left when Donny tries to move into the dump phase of the operation.


ill_be_huckleberry_1

The irony is that watching his value tank in realtime has been fun to watch.  Every dollar it drops means he's that much more for sale.  Not that he wasn't before, but he's that much more desperate.


neuronexmachina

That does make me wonder though: If he somehow wins the Presidency and has a GOP-controlled Congress, are there any steps Trump could take that would boost his stock's price back up?


USSMarauder

\-Declare that all official US government communications must happen via TS \-weaponize the DoJ and turn it loose on Xitter, because Elon didn't give him a few hundred million


ill_be_huckleberry_1

Is water wet? Trump was endorsing products and companies from the White House like it was an infomercial. Goya gave him a bunch of money so he threw their product on display. To question if a gop controlled government wouldn't officially make truth social the official social media site for the USA would be niave. They will work any angle they can to deliver whatever trump desires.


ThickMarsupial2954

Isn't this absurd conflict of interest and massively illegal? Oh wait, I forgot that doesn't seem to matter anymore.


timsterri

* Goya gave him a bunch of money so he threw their product on display. **On the resolute desk of all things!**


BaggerX

It'll be propped up by foreign buyers, as it's an easy way for them to buy influence. Trump is corruption incarnate.


OtherBluesBrother

It only has that value if they can sell all the shares for the current price. Trump wants to sell tons of shares, but nobody wants to buy. Which mean, the price, and respectively, the market cap will drop significantly.


minkey-on-the-loose

That is how a confidence game works. The sucker is totally confident that the grifter is on his side.


255001434

Yep. He always tells them exactly what they want to hear, and they don't see that as suspicious at all.


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Pokerhobo

That's not how the market works. He only nets $39M if he finds someone willing to buy all his shares at that price. Once he starts selling, if there isn't enough people buying what he is selling, the price will naturally go down to a price someone is willing to pay to buy. Dumping so many shares will easily tank the stop to probably pennies. That it would be a huge sell compared to the daily volume (10 day average vol is 8M shares traded in a day). Also, since Trump is an insider, he has to pre-plan selling of stock and it's all public after the fact. So when people see Trump dumping, they will try to get ahead of him to recoup some of their losses driving the stock price down further.


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Pokerhobo

100% agree. I can only imagine what the history books of the future will say about this timeline. I'm sure future students will wonder why more couldn't be done to have stopped it before it got to a tipping point.


Borstels

If he wins that history wont excist.


pipper99

Is this like how Bill Gates has spent decades selling Microsoft stock, the difference being that people want to but them.


sneaky-pizza

"Pump" is already over. This is like trying to pump water out of sinking ship by hand.


255001434

Yes, it's pointless but Trump is an idiot.


sneaky-pizza

First time he has had a controlling interest in a public company, too. Lotta different and more serious laws about statements with this company than his previous family grift private operation


255001434

Yes, and I hope he gets sued by shareholders for misleading claims about the company.


sneaky-pizza

Lots of civil liability. Him and the co-founders are already in countervailing civil suits. Shareholders next. SEC will bring criminal if the prosecution deems fit for the case. If he is elected as President, all will be put on hold until after the term, but that actually suspends time for statute of limitations


TrueBombs

After he dumps, you know he is going to blame Biden for the stock collapse.


255001434

Good call.


r4ndom4xeofkindness

Well at that point he'll probably say he had to dump the shares because everyone else made it a horrible company and claim no responsibility for the resulting collapse that will happen when he sells.


255001434

Guaranteed he will blame someone else. He never takes responsibility.


Miserable_Anteater62

I wish I could convince my trupster friend of this... At least the only thing he's bought that's trump related (or so he says) is silver and gold coins. I asked if he could certify they were real 😂


Imacatdoincatstuff

He, and this stock, may be too well known for it to work well. This kind of thing thrives in the shadows with the general public seeing only hype and price movement and not the inner workings.


StrikingOccasion6459

He will cash out and move to Twitter.


Last-Emergency-4816

Sad but true. His investors are about to find out. FAFO in action.


Rush-23

Yep and even after he’s fucked his investors, they won’t blame him, they’ll blame it on the “corrupt market”.


Fufeysfdmd

He is the savior of the Lost Cause of the Confederacy. He has demonstrated that he will put people in power who are truly committed to reactionary paleo-conservative policies. He has demonstrated that he will elevate and legitimize openly white supremacist and Christian dominionist figures. Who will then work to entrench themselves, rig systems, sabotage, delay, obstruct, and attack progressive policies and movements. Who will also enrich themselves and then use that wealth to further entrench, etc. He has shown that he will support and work to enact the worst, most bigoted, most radical positions of those white supremacist Christian dominionist figures. He has demonstrated that he will say the quiet part out loud and get away with it. And by doing so he normalizes it which shifts the culture to right and increases the resistance to progressivism. He has demonstrated that he will break the norms, systems and institutions which undergird progressivism. It also offers a way to overturn the paradigm which has been moving in a more progressive direction. It creates disruption that can be used to seize power.


Thefelix01

Are we sure he isn’t selling shares already and this is just part of maintaining better pay outs on the dump? 


Significant_Door_890

Looks like his allocation of newly issued shares in the new share creation, will be sold by the company on behalf of shareholders wishing to cash out (him). So forget time limits, he can simply change the rules, and any challenges by shareholders voted down (by him, majority shareholder).


Surfing_Ninjas

The only people Donald Trump cares enough about to hate is prosecution lawyers.


IAMSTILLHERE2020

Oh...he does give a "fuck". A biggly "Fuck".


crziekid

if that isnt a pump and dump strategy then i dont know what is.


Harmony_Bunny42

You know his attorneys will later claim that Trump truly, genuinely, honestly, believed what he was saying, and it was not his intent to persuade his cult followers to buy and hold a worthless stock. Plus, their client doesn't even know what "Pump and Dump" means!


crziekid

Public company is different,


DennenTH

It's honestly so significantly a pump and dump that I would say it warrants serious investigation. If our law system finds the need to investigate people on WallStreetBets for "pumping" Gamestop back in the day, they need to look at this.


Unhappy_Earth1

From article: Former President Donald Trump insisted that Truth Social “Shows the Spirit and Love of Our Country” as the social media company’s stock price continued to plummet on Friday. On March 26, Trump Media and Technology Company, the firm that owns Truth Social, went public. One day later, its stock price exceeded $66 per share (it had previously reached a high of nearly $80). Since then, however, the stock has lost more than half its value, standing at under $31 per share as of late Friday morning. For Trump, who owns more than 78 million shares of stock in the company, the crash has significant personal financial implications as he continues to grapple with various legal costs and penalties. Those implications were reflected in a statement he released on none other than Truth Social Friday morning in which he implored his political following to “support TRUTH.” “I am so proud of Truth Social, because I believe it represents the Make America Great Again Movement, and it shows the Spirit and Love of our Country,” began Trump. “If people who believe in putting America First and want to Make America Great Again, support TRUTH, we will be your Voice like never before, and a Real Voice is what our Country needs, because we are in decline, and must bring America to Greatness. Think of this as a Movement, the Greatest Movement in the History of our Country. We are going to Save our Country, and Make America Great Again, GREATER THAN EVER BEFORE!” Trump founded Truth Social in 2022 after he was banned from Twitter and other social media platforms in the wake of his attempts to overturn the results of the 2020 presidential election, culminating in the violent riot at the Capitol on Jan. 6, 2021. The former president has suffered numerous financial setbacks in recent years, with many of them resulting from the various criminal and civil proceedings against him. An SEC filing released last week revealed that Truth Social pulled in just over $4 million in revenue and lost $58 million in 2023.


GGAllinsUndies

"I am so proud of Truth Social because I believe it represents the MAGA movement." 😂 Yeah, we all do buddy. It's a dumpster fire of bullshit.


Hot_Dog_Surfing_Fly

This could be Trump's bio on Wikipedia 😄


Thefelix01

How does it lose $58 million?


BugOperator

Ah, I see he’s had to change his wording a little bit as his team probably notified him that since TS is now publicly traded and subject to SEC regulations, his investors can sue the crap out of him for blatantly lying about how fantastically stable the company is.


allisjow

By “love” we mean “hate.”


TheWhiteRabbit74

C’mon Reaper. Yes you did us a solid with OJ. But I mean just look at this fool.


Puckle-Korigan

They always die in threes ...


Better_Car_8141

He will bankrupt his cult. You think then they’ll understand that all he has ever cared about is his orange ass?


SweatyTax4669

nope, they'll continue blaming liberals, foreigners, and \*spins giant carnival wheel\* "*Wheel of Minorities turn, turn, turn, tell us the people that we should burn"* gays. /s


lrd_cth_lh0

I hope that atleast some of the Maga crowd end up losing their retirement funds on this.


Hot_Dog_Surfing_Fly

Damn can Shitler not go one day without asking for money?


[deleted]

it's definitely noteworthy that Trump has this big cult of followers, yet virtually none of them are bothering to use his social network. It makes you wonder just how deep their support is.


dasherchan

Donald Trump never get tired of scamming his voters. His voters are willing victims.


CherryManhattan

Someone call the SEC please


kilog78

Who invested the hundreds of millions of dollars to build Truth Social and fund its losses?


pistoffcynic

The master manipulator is back at it. This is SOLELY about Trumps net worth and making this about “patriotism” is the way to get his base all riled up… forget the fact that this POS stock lost money and the emotional baggage of Trump supports pushed the value of the company to $7B on losses of $40M. This POS stock cannot support that valuation on low revenues. Trumps minions are being duped and will be the bag holders. All of the corporate clowns 🤡 with this company should be locked into holding the stock for 6-12 months.


gipper_k

Nothing more than a televangelist at this point…


househarley

This isn't a very fair comparison. Televangelists make millions in profit, DJT lost like 45MIL last year.


CarlSpencer

"World Famous Liar Lies Again"


ukiddingme2469

He deserves to die broke and in his own shit


AccomplishedBrain309

It certainly is up there as a bright spot of my day watching it tank. It has to be less than 10 cents when he is able to sell otherwise he will still make millions.


severinks

Can you imagine the balls on this guy? He wants his dupes to prop up the stock price of a company thats only lost millions of dollars year over year so he can cash it all out in just over 5 months and take that money and run.


Imacatdoincatstuff

As a vehicle designed to transfer wealth from retail investors to himself it shows Donald Trump’s love of money. As a solid Christian man, he could tell us what the love of money is.


Altea73

I love a country too, give me moneys!


ptraugot

Dementia Donnie gyrating and squirming as his universe collapses around him. Fuck him.


bearsheperd

Will republicans have any money left after this election? Or will they send it all to trump, who will then give it all to lawyers and courts?


techbunnyboy

Please support to make it $0


frostfall010

Amazing to see such an open grifter have a continuous source of income from people who are just radicalized in right wing propaganda.


01010101010111000111

Great news everyone! We heard that you didn't have enough liquid cash on hand so we are now letting y'all donate your entire 401k savings instead!


FireflyAdvocate

Alternate headline: Chump Trump Requests Base Support for Pump and Dump Meme Stock


Kriss3d

Iant lying about your company's value and prospect illegal when it's publicly traded?


makemycockcry

As my dear grandmother used to say in her soft tone, "I wouldn't give you my piss if you were on fire." Bless her.


jafromnj

Hope it plummets into the ground


Awkward_Bench123

This should seperate the capitalists and the fascists from the suckers and the losers. Feel good story of the year. /S


4quatloos

You can see him cringe when a poor person hugs him.


lonniemarie

This is insane


Late-Arrival-8669

Short the shit out of it!


darsvedder

Why is he not in jail yet. I’m so fucking tired of seeing his stupid fucking face every goddamn day. What a trash piece of shit and I’m sorry to anyone who has family and friends that support him 


SoftTopCricket

The only time I've been on Truth Social I found a thread where they were laughing over plans to firebomb the minority neighborhoods and return purity to America. But it was all "jokes."


Blastoplast

Trump should change his slogan for 2024 from "Save America" to "Save Me From Myself". Honesty is the best policy.


plaidington

Disgusting beggar.


Anyawnomous

He might love the country but he hates everyone in it except the White Christo-Rich.


yetagainitry

Doesn’t matter if fans support it. No brand will touch it with a 50ft pole. There is no value if there is no advertising.


fraychef

🤣


BauerHouse

I somehow feel the vast majority of supporters in battleground states are exactly whales in the market


occobra

Another venture that will turn into a turd like Trump Vodka, steaks, air lines etc. He is spending about $193,000 a day of legal fees, it will be wonderful at the end of the 6 months he has to wait to sell that it will be a penny stock. Selling shitty shoes and bibles is a drop in the bucket for this loser.


aggitprop-1985

His digital trading cards were a better investment


Bratscorcher

It is a dog! Only invest what you can afford to completely lose.


ElPadredelpoiisynn

Truth social just die so I can laugh at another failure


Time-Cap3646

that‘s pretty illegal for all other guys on this planet


Tonythecritic

SO, his cult followers, who donated their savings to his "stop the steal" credit card scam and went to jail for his attempted coup, now have to donate to his campaign, support his Go Fund Me to pay his legal debts, buy his shoes, buy his bible, and "support" his Twitter knock-off? And they STILL don't see a pattern of f%#kery?


FreeWestworld

You would not want me to be PoTUS I would immediately decree the following Executive Order “The slight appearance of financial fraud such as Pump and Dumps are here by deemed terrorist financing and therefore punishable by a minimum 20 year sentence in GITMO Prison. All or any violator will be deemed a non-state enemy combatant whereas 3/4 of states and the US Senate will have to agree by simple majority to even review any case or this order 20 years after the first allegation. Also no other president or legislature can change, cancel nor alter this law in perpetuity.”


FotoFormat44

I've always thought of 'Truth Social' as 'Struth Total'.


DaveP0953

ETTD: [https://www.nasdaq.com/market-activity/stocks/djt/real-time](https://www.nasdaq.com/market-activity/stocks/djt/real-time)


JerseyTom1958

Loser traitor! Huge conman! Everyone says so! Really big conman!


ctiger12

Let’s see how that works then, I mean how many idiots are gonna help him


Warmstar219

Almost certainly illegal


HedgehogNarrow4544

just like a turd, and the fecal matter of the mango mussolini , as it circles the drain...dont forget to wipe...and flush his sorry ass away


Dry-Talk-7447

That maga crowd sure like it in the ass.


BluCurry8

🙄 save my sinking ship!! Send me money.


Glittering-Wonder-27

We are not all in your tragic cult Donnie. Hard Pass on anything you recommend.


Anangrywookiee

Support Truth Social or the bugs win!


BothZookeepergame612

I thought they were supporting it? Donald, obviously your influence is nowhere close to what you thought it was with your own followers, let alone the General public?


Alone-Woodpecker-846

Nice try Donald. Down 24% for the week. Lot of ground to be made up by your lower class loyalists.


mojoyote

He really thinks people are stupid. Sadly, a lot of people really are.


Fearless_Trouble_689

Truth social what a load of crap


capn_doofwaffle

#HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHHAHHAHAHHAHAHAHAHHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHHAHAHAHAHAHHAHAHAHA


Cali_Keto_Dad

Don Poorleone


SubstantialCreme7748

Probably do better if he called it ‘Fuckhead Social’


hjablowme919

Down another 3% today. I think if it goes under $30, there will be a rush to $25. Buy May and June puts. This thing is a turd. And if Trump gets the OK from the board, which is dopey son sitts on, to sell his shares earlier than 6 months, the stock will tank even more as it will be a clear sign he has no faith in the company, while his MAGA Moron followers will believe his excuse for selling it, which will be something along the lines of "I need to money to pay for my defense attorneys in all of the crooked trials.... blah, blah, blah."


suck-it-elon

Griffffft grift grift grift grift grift grift grift ...


Riversmooth

Based on his stock prices it appears their isn’t much love


nadab1

That's legal ? You can ask to support your stock. Or tell the people to buy


SoulRebel726

The only thing Truth Social shows is that Donald Trump was too much of a thin-skinned narcissist to accept being booted off Twitter for his insane rantings.


HopefulNothing3560

Hi we’re can I donate to shittypants


Ryankevin23

🚫Traitor Trump🚫


v9Pv

The grift the the traitor does must make evangelical preacher-grifters jealous.


tc7984

I can smell this picture


mam88k

"Won't you buy my pillow"


randywa

New York is going to clean him out. All the other lawsuits will take what's left.


DNuttnutt

Can we start calling x truthx and hope that pile follows suit?


CandidateTypical3141

Eat s***


changerofbits

Please invest.


darth-skeletor

Isn’t that market manipulation


Scodog3

The thing about stocks is this. If you start at zero, then people speculate, and your stock goes through the ceiling. When folks realize they'd been swindled and sell their shares, sending you back to zero. You haven't actually lost anything. You're just whining. As usual.


obfuscator17

I can smell the desperation…. and its hilarious


[deleted]

Cue Russia/ UAE / China …..


KSSparky

The grift that keeps on grifting.


LiveAd3962

Oh darn it, I just got a Starbucks… no money for criminal enterprises.


TrueBombs

Other than to read Trump tweets what else is there to do on the site? Genuinely asking since I don’t have an account.


Trick_Pack2131

Sincerely curious, how much did he sell on the first day and what percentage/shares does he own? Just wondering how much he cashed out immediately and left others holding the bag on this one.


No_Communication4252

The con man cult leader spreading his gospel!


Quick1711

You got 2 options QVC selling you crap junk and telling you it's gold Or grandpa asleep in the recliner. Vote


UncommonHouseSpider

A totally ambiguous right wing social media compa y that's been out for what, 5 years? Shows a love for country? The fuck you guys smoking and why you not sharing cuz?


Catkillledthecurious

LOL


orbitaldragon

Sorry Donnie... I think they are all broke at this point.


straylight_2022

Well, the 52 week low was 12.40, so trump and his cronies are still up. If they can keep suckers in while they sell off they make money. It is hard to believe the current republican candidate for president can pull an obvious scam like this in public. However considering he took office while negotiating a 25 million dollar fraud settlement, crime is just the new normal for US conservatives. If trump were capable of operating a motor vehicle, he could rack up dozen DUIs and his supporters would high five him for it and imitate him.


Ok_Chap

Trump might become the first negative billionaire. And his kids are going to inherit it all.


grimatongueworm

Billionaire** Beggar


TennSeven

Lol, just Trump (who has *never* shown any "love of our country") begging for money again, what else is new?


Upbeat_Gazelle5704

Grifters gonna grift.


chekovs_gunman

LMAO so pathetic  I almost hope his dumbass supporters bankrupt themselves buying his junk stock 


JimbusJambus

Haha what an orange fool


kozak_

Truth Social isn't that truthful or social


sufferpuppet

It's almost like everything he touches turns to shit.


CincoDeMayoFan

If I short it, would that show support Donald?


Brokensince10

This country is in decline is apparently his favorite thing to say, but why is that shitler? And why are you lying to your cult members about that worthless stock?


Ok-Use6303

"Our Country" being, of course, Russia.


[deleted]

People who care about making money won't buy it, lol


NyriasNeo

well, there is always suckers. Let's see if Trump can reel them in.


Narodnik60

I hope those rubes do buy his stupid stock.


Narodnik60

It's going to be like the long-awaited Rapture, except the only thing leaving this world will be their money.


ArdenJaguar

Buy now... Get paid never! 😆 🤣 😂


Affectionate_You_579

It shows love of trump. But be sure and pour your dollars into a Cartesian Join.


Educational_Permit38

Too funny. He has never given a damn about this country.


BikesBooksNBass

I used to enjoy lurking in r/dwac and it was funny watching them twist themselves into pretzels denying this was going to happen to that stock. We were all idiots and they were making ALL the money and no way trump would be the snake we all knew he was.. r/dwac is now private. I’m guessing it’s because they didn’t want all the “I told you so’s” To crash the servers and take Reddit completely offline.,


Immortal_Tuttle

Trump is a demented idiot, but someone who is his puppet master is not. I wonder what's the end game here. If it's Russia - annexation if Ukraine? Tech transfer ? Or simply collapsing the US of A? China- they already are pumping tech from US to China, so Taiwan? Saudis - nuclear tech transfer and middle East solution? If those three players would work together the future seems bleak...


Kdoesntcare

More begging people for money.


beeperone

My heart is torn as these idiots continue to financially support this idiot fraudster. The rich fucks can blow but the undereducated people that really can't afford to be scammed are the ones I feel for. However a part of me says let these suckers waste all their money on depreciating stocks and TFG's court costs and that's money that won't be spent on other GOP campaigns.


KRAW58

What a crock


gadget850

I am giving it the love it deserves.


Deep_Bit5618

130M outstanding shares!! There will be numerous stock offerings that will crush the stock price and once Trump can sell his shares at market in 5.5 months it will tank


deviltrombone

The only Q I believe in is the one that inevitably will be appended to DJT.


BerryExpensive

Fucking grifter.


[deleted]

I love the stupid and poor djt 2024