Update!
$Trump Media & Technology(DJT.US$ Summary
• Trump Media & Technology Group stock surged, with former U.S. President Donald Trump close to receiving shares worth over $1 billion.
• Trump Media shares were up 1.3% at $33.61 in premarket trading after closing up 26% on Thursday.
• Despite recent gains, the stock remains below its post-merger high of $66.
• Trump's stake in the company was valued at around $2.6 billion with potential additional earnout shares worth $1.19 billion.
• Trump could receive the maximum award if the stock stays above $17.50 for 20 out of 30 trading days post-merger.
• Trump is currently barred from selling shares for six months but could seek a waiver.
• Trump Media is considered significantly overvalued, with 2023 revenue of $4.1 million and a net loss of $58.2 million.
• The Truth Social platform is a niche player in social media compared to platforms like Reddit or Meta Platforms’ Facebook.
• Trump Media & Technology Group stock surged, with former U.S. President Donald Trump close to receiving shares worth over $1 billion.
• Trump Media shares were up 1.3% at $33.61 in premarket trading after closing up 26% on Thursday.
• Despite recent gains, the stock remains below its post-merger high of $66.
• Trump's stake in the company was valued at around $2.6 billion with potential additional earnout shares worth $1.19 billion.
• Trump could receive the maximum award if the stock stays above $17.50 for 20 out of 30 trading days post-merger.
• Trump is currently barred from selling shares for six months but could seek a waiver.
• Trump Media is considered significantly overvalued, with 2023 revenue of $4.1 million and a net loss of $58.2 million.
• The Truth Social platform is a niche player in social media compared to platforms like Reddit or Meta Platforms’ Facebook.
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Eddingbryce : This is a capital game. Your company may not make money, but you must build a profitable company. As a boss, you only need to find money for the company that you can't use up
Simon 5183 Eddingbryce: Currently, 80% of listed companies lose money, and Amazon also lost money for more than 20 years before making a profit!
Eddingbryce Simon 5183: Trump is different. This is exactly the method my mentor used, so I'm optimistic about Trump. Now he's talking all based on traffic, isn't Musk being compared?
Simon 5183 Simon 5183: Traffic is king!
Newbee4 : GM and GL my friend. What a glorious day
TrytosaveabitOP Newbee4: Ty! You as well darlin