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$2.5M revenue, $52M loss. What even is that? [1]: https://companiesmarketcap.com/trump-media-technology-group/...
A way for foreign nationals to donate billions to a US presidential campaign legally.
And apparently stopping hiring: https://gizmodo.com/tesla-hiring-freeze-job-postings-elon-mu... I'd be dumping TSLA so hard right now if I owned any, has to be the world's most overvalued stock right?
> "the world's most overvalued stock" There's always Trump Media & Technology Group Corp, ticker DJT. $6.5 billion market cap. Annual revenue $4 million (that's an "m"). It's a social media company that doesn't reveal any usage numbers or other KPIs. The company's auditor was just revealed by the SEC to be a complete scam with 100% fraudulent audits. So why would anyone buy this? Well, it's 65% owned by a presidentia…
And actively pushing users to retain control over brokers of their shares.
https://www.marketwatch.com/story/trump-medias-fight-turns-t...
And they tout the free market. Bulls and Bears for thee, but not for me.
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A way for foreign nationals to donate billions to a US presidential campaign legally.
The thing stinks to be sure but you need more evidence to make that claim.
Trump owns billions of $DJT stock. His lockup period ends well before the election.
The share price can be manipulated at will given enough money, the Saudis have plenty of that, and there’s already a good track record of them using it this way; a $2B investment in Trump’s son-in-law “despite objections from the fund’s advisers about the merits of the deal”, as an example. https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-in...
And apparently stopping hiring: https://gizmodo.com/tesla-hiring-freeze-job-postings-elon-mu... I'd be dumping TSLA so hard right now if I owned any, has to be the world's most overvalued stock right?
But since the Twitter-Cybertruck era it seems things are cracking in too many places.
Not to mention, you know, the consumers who paid for FSD, starting back in 2016, and still don't even have that feature enabled on their cars.
ps: https://gizmodo.com/tesla-cybertruck-door-leaves-a-gash-in-o... (warning, fleshwound embeded images )
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The best democracy money can buy. ;)
Personally I think that award belongs to the United Kingdom. They don’t even need a constitution. To ensure the moneyed classes of Britain are well looked after, they have both a king who is a billionaire and a prime minister whose net worth is a more modest $500 million.
Got a feeling that this August is the last chance Elon has to show off a working believable robotaxi/FSD or the hammer will fall hard on Tesla. There are too many viable options for both electic cars and personal robots out there now.
No hammer is falling. Ultimately any American government loves the idea of an American manufacturer making cars in America too much. Nothing will happen to Musk because without him, Tesla would suddenly be valued as a car manufacturer instead of a fantasy land saviour of the entire world. I don't like Musk, but his distortion field is what keeps their stock price afloat.
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This is factually untrue, easily disprovable by checking the chart over 3 months - https://www.cnbc.com/quotes/DJT . What are you going to do now? Claim that going from $66 to $22 isn't a crash?
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This is factually untrue, easily disprovable by checking the chart over 3 months - https://www.cnbc.com/quotes/DJT . What are you going to do now? Claim that going from $66 to $22 isn't a crash?
Hey I'm no Trump fan but you're doing the same thing. Looking at the whole chart it clearly never crashed. There was a blip up for like one day that you conveniently picked as your high point and a day or so of driving price but overall given its a meme stock the price generally stayed about the same. Crash I'd define personally as 90% price collapse with no bounce back. What I see in the chart I'd call a significant…
When the "flash crash" happened in 2010 it was a 9% drop. https://en.wikipedia.org/wiki/2010_flash_crash
$22 is half the average for the months preceding the drop, and 1/3 the peak, with a sustained drop for more than two weeks straight. That’d be called a crash by pretty much anyone.