Trump's new shell company is worthless

Despite all the crowing from conservitard media, Trump's new scam won't earn him a dime. His new shell company has no assets, other than Truth Social, which he tried to use as collateral before and was laughed at by banks. His stock in the shell company may have "value" on paper, but who could he ever sell the shares to? Everyone knows by now that if you buy something from Trump, it'll be worthless, and if you lend him money, you'll never see it again.

He can probably stick his sons on the board of the shell company and get the collateral rule waived, in an attempt to post future bonds/pay his fines. But that would still require somebody stupid enough to float him the money. He went 0 for 30 recently. He has no one else to try to scam.

At last, he's experiencing some consequences from being a crook, thief, and con man all his life.

       HaHaHaHaHaHaHaHaHaHaHa. - Trading in Truth Social parent company temporarily halted after soaring nearly 50% in Nasdaq debut -- The stock of Trump Media & Technology Group, under ticker DJT, made its debut on the NASDAQ stock market following a merger with Digital World Acquisition Corp. (DWAC). The stock saw a significant surge in its share price, up 47% since markets opened Tuesday -https://mxmnews.com/article/0b007767-8955-4413-bfe4-4fe548d3aed2?trading-in-truth-social-parent-company-temporarily-halted-after-soaring-nearly-50-in-nasdaq-debut

It is MAGAs buying it as a meme stock, like GameStop,  not serious investors. In the first 9 months of 2023 they had only 3.4 million in revenue and sufferd a 49 million in losses. The only asset is Truth Social itself and they losing web traffic not gaining it. The stock using traditional valuation methods is worthless.  They good news is all the MAGAs are going to lose their money. Hopefully, a lot of them will lose their life savings, when Donnie dumps his stock.

I encourage David Miller to invest every penny he has in Truth Social stock.  

    Well, though hard to believe, you have taken YOUR stupidity to another level.

How much have you invested in Truth Social stock David?

He may very well earn billions off it.   Its the trailer park suckers in his base that will be left holding the penny stock it is destined to become. 

Tuth Social has less than 500K active users and shrinking year over year (compare that to 75 million at Twitter which is barely profitable).    And that subscriber number is largely dependant upon Donald Trump being relevant.   

The company's top line is 5 million/year.   Its bottom line is -45 million a year.   And its current market cap is............... 6 BILLION   

Put it this way:  if you magically made all of their costs disappear and their revenue was 100% profit you would have a company valued with a 1600 PE ratio at its current valuation....and that despite the fact its not growing.  

But he may cash out before it crashes.   You know he's going to try to.

I have no idea what the company is worth.  Neither does anyone else, but I'm willing to what and see.

The only way he can "cash out" is to find buyers for his shares...and there would have to be quite a few people willing to pay good money for shares in a company that has one dying asset. Given that those same suckers have already sent him all the cash they're going to, I would say...nope. Not gonna happen. They're not gonna bail him out.

"Market valuation" isn't the same as true net worth. You can have all the shares you want, but they're not worth bupkus unless someone is willing to buy them. And when the noise dies down, Trump's company will be regarded by investors as worthless...because it will be worthless.

It's obvious what it's worth. Assets minus liabilities is the simple way to figure the worth of any company. And since Truth Social will be its only asset, and its liabilities are whatever debt the company had to acquire to keep itself afloat, the answer is...less than zero.

If you want to look at revenue, Truth Social (again, the only asset that the new shell company will have) had a net loss of over 45 million in 2023. I doubt that investors will consider the shell company to be worth anything at all.

There may be a few MAGA idiots who will buy the stock, which will be the same as directly stuffing the money in the Turd's pocket, as he will be the one selling it to them. But the price of any company's stock is irrelevant to the actual worth of the company.

 As usual, Lying Lewis has lied again -Trump Media's stock triumph: Silencing the skeptics - In a remarkable turn of events, Trump Media & Technology Group, under the ticker DJT, saw its stock prices soar by as much as 50% upon its Nasdaq debut, effectively silencing critics and disproving mainstream media predictions of its imminent failure. The impressive surge in stock value comes as a strong rebuttal to naysayers who doubted the venture's viability, particularly in the wake of mixed historical successes of Trump's past business endeavors. The stock, initially associated with Donald Trump's hotel and casino company nearly three decades ago and later delisted from the New York Stock Exchange, made a triumphant return. Trump Media's statement on the debut emphasized the American public's demand for free-speech platforms, positioning the company as a bold challenger to Big Tech's censorship norms. Trump Media's stock performance has turned heads and raised eyebrows. The company, led by a board including Donald Trump Jr. and other close allies of the former president, has seen its market valuation skyrocket, with Trump holding a majority share now valued at nearly $6 billion. In stark contrast to the doom-and-gloom forecasts from outlets like Newsweek, which featured experts predicting the stock's collapse post-public debut, Trump Media has shown remarkable resilience and appeal to investors. This bullish market response stands as a testament to the enduring support for the Trump brand. Trump Media's initial performance may also serve as an indicator of the former president's continued influence and the potential success of his ventures. As the company continues to navigate the challenging waters of the media and technology landscape, its initial triumph serves as a compelling counter-narrative to mainstream media skepticism. In a world where public sentiment and market dynamics can shift rapidly, Trump Media's initial stock success story is not just about financial gains. It's a narrative of defying expectations, challenging mainstream narratives, and perhaps, rewriting the rules of the game in the media and technology sectors. - https://mxmnews.com/article/389609dd-730e-4472-83a4-5341eaaf57ce?trump-media-s-stock-triumph-silencing-the-skeptics