This is seriously sad. Magaloons do not understand math and they
will pay dearly for it.

"Truth Social Investors Try to Keep Hope Alive as Stock Tanks
?THERE IS ALWAYS TOMORROW?
But some are holding out hope that Donald Trump?s hyping of the company
means better days are ahead."

It's all sad, but the most seriously fucked up thing here is that a
lot of people are going to lose money they really can't afford to lose.
The only good news here is that this is might jolt them back to reality.
It's mathmatically impossible for the stock to go any way but down.
Around 80% of the stock isn't on the open market yet. It will be within
the next 6 months and that could happen sooner than that. Some of the
founders are suing because they would like to cash in while this is
still possible.

It's extremely unlikely that orange jesus will live long enough to
see the end of the lawsuits. Who knows? When this shit crashes it could
be enough to kill off the cult.

"Donald Trump?s acolytes gathered at Mar-a-Lago on Wednesday evening to
celebrate the public listing of his social media firm, even as the
company?s stock continued to crater. Under the Palm Beach sky, right-
wing radio host Sebastian Gorka sucked on a cigar, actor Jon Voight
posed for photos, and country singer turned Bible salesman Lee Greenwood
belted his runaway hit ?God Bless the USA.? At the end of the song, he
and the former president saluted.

In a speech, Trump encouraged investors to keep calm. ?We have over $200
million dollars in cash, which is very liquid,? he said, according to a
reporter from Right Side Broadcasting Network in attendance.

On Trump?s social media site, Truth Social, the mood is less ebullient.
?Man I really thought we were gonna see a jump today. Especially after
that party last night. There is always tomorrow,? one user lamented on
Thursday morning.

?Doesn?t it seem strange that the price goes down steadily every day?
Haven?t seen a green day for a while,? wondered another.

Shares of Truth Social?s parent company, Trump Media and Technology
Group, have fallen more than 50 percent since late March, as the
company?s dire financial position has become more clear. Last year, it
brought in just $4.1 million in revenue and posted a $58.2 million loss.

Even after tanking, however, the business is still worth more than $4
billion on paper?a number that defies normal valuation metrics. Trump
loyalists have helped keep the stock afloat as a way to financially
support him, though TMTG remains heavily shorted by investors who
believe its shares will continue to fall.

On Truth Social, retail investors are encouraging each other to keep the
faith. ?When the whole world is set on ruining you with everything that
they have got, it?s a good sign that you are likely on the right side of
things,? one person wrote on Thursday.

Another user sought to liken TMTG to high-growth tech companies: ?I
don?t understand all the concern about this stock going down. All of the
big stocks were very low at the beginning,? the person said. ?We are
less than a month into this being an actual stock. I am optimistic about
[Truth Social] and will continue to hold and keep buying when I can.?

Other users speculated that the Mar-a-Lago event was proof that the
company is rounding a corner. Why else would executives and bigwigs
gather for a raucous party? ?I think there is something coming very
soon, and they are all excited about it. Something they worked very hard
to make happen. A milestone for the team,? one of the believers wrote.
?I hope we find out very soon.?

Trump owns a majority of Truth Social?s shares, though he is suing to
amass more control. In a lawsuit filed last month, he argued that his
two co-founders?who were previously contestants on his reality show The
Apprentice?had underperformed in their duties and didn?t deserve their
8.6 percent stake.

The former associates, Andy Litinsky and Wes Moss, have filed their own
lawsuit alleging that the company tried to unfairly dilute their stakes.
They are also seeking to challenge a six-month lock-up provision on
selling their shares.

Some Truth Social users blame the mainstream press for ?spreading lies?
about the company, as one person framed it. And despite nerves about the
stock?s downward slide, many of them have pledged to keep buying shares.

?Just sat down with my broker yesterday and am having him move $10,000
of my Roth IRA, that we had sitting idle for kind of like an extra
?emergency fund?, into $DJT stocks!? one user declared excitedly. ?This
is the only time I would hope for the price to drop so I can get as many
shares as possible!?

Another chimed in: ?Not going to be able to sleep tonight. If you stick
it out I believe you will be rewarded greatly. I believe God directed me
here.?"

https://www.thedailybeast.com/truth-social-investors-try-to-keep-hope-
alive-as-stock-tanks

TB