Was Trump Just BAILED OUT By a Meme Stock?
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Well, we’ve got GameStop for MAGA. Yeah. Truth Social. Okay. We talked about this merge with the Digital World Acquisition. Yeah. They went to DJT. That was the symbols that it took over today. There was a DJT in the past, as I’ve mentioned before. Shares of Digital World were snapped up by Trump supporters.
social media buying frenzy. The stock halted this morning was up 50%. You know, as of right now, I think it’s up 39, 40%. And MAGA is out there expressing their support for Trump and looking to get rich, to get rich. Trump has 60 % of this company, which is now
worth on paper over 4 billion. It’s got to be now probably about four and a half to $5 billion. Little perspective here. Reddit, another social media firm is valued at $9 billion right now. That’s been around for a while. But you know, let’s let’s go and we’ll take a look at look at some of the numbers here, shall we? Trump,
Trump Media, okay, DJT, which is now trading at a valuation, a valuation, like I said, about four and a half, five billion dollars could be close to, they said six today, if it continues to go up. The company has less than three and a half million dollars in revenue.
That’s it.
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That’s it. Let me put this into perspective. I’m gonna talk about my company. I’m gonna talk about, you know, again, we’ve got clients, businesses all over the country, different walks of life. I’ll even talk about, you know, successful clients of ours, business owners in blue collar fields, like plumbing and electricians and contractors that not only do more in revenue than DJ.
T, they actually make money. Again, this company is not making a dime. It’s about $50 million in losses and, like I said, doing about $3 .5 million in revenue. OK. OK. Again, I can’t wait to see all the maga types out there that send me nasty messages. You’re just a hater. No, I’m just, don’t doubt me.
on what eventually is going to happen with this. It’s not going to end well. Okay. Not going to end well. Hey, hey, you got in and you made a quick buck or two right now. I’m going to go right to trading places there. Okay. Sell Mortimer. Sell. Get out.
Get out as quickly as you possibly can. Again, I have told this story before. I might as well give it in better detail. Again, I’m a young whipper snapper about, well, a little under 30 years ago on Wall Street. And I used to, I liked going to due diligence meetings for companies. Again, this is the mid 1990s, companies going public and.
You’d have question and answer sessions with the CEOs and whatever they were bringing public. And 1995, Donald Trump was taking his Trump hotels and casino resorts public. DJT, $14 a share, $14 a share. And his due diligence meeting for DJT was like nothing else.
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like nothing else. I mean, I remember the buzz on Wall Street talking about what just took place. It was kind of like almost like a. Like I was it was like going to a boxing match was like, you know, Tyson was fighting or something or wrestling, you know, as lights and, you know, strobes and ladies, gentlemen, Donald J. Trump and coming up there. It was insane. Well, I mean, D .J. T as a stock.
was great. Great. The Trump hotels and casinos was fantastic for Donald Trump. Fantastic for Donald Trump. Just like the second version right now is great for Donald Trump. I’m sure Donald right now is probably trying to sell. He’s got a 60 % stake doing everything and anything he can to get rid of his stock as humanly possible, quickly as humanly possible.
Trump got more than $44 million in salary from DJT over its nine years. Nine years in existence. Donald Trump, the hotel, world, casino, whatever the hell you want to call it, never, never made a dime. It went bankrupt, filed for bankruptcy protection after losing over a billion dollars in 2004.
That was when it was delisted from the New York Stock Exchange. I grabbed this. This was from an interview, Donald Trump being interviewed in 2004 about the company going bankrupt and being dislisted. And again, I’m not making this up. I don’t think it’s a failure. It’s a success. Stock was trading at 50 cents a share.
In this case, it was just something that worked better than other alternatives, he said of the bankruptcy. It’s really just a technical thing, but it came together. Guys, listen, I’m not being a hater. Okay. I’m just, just don’t doubt me. Okay. I’m trying to help you out here. Okay. I am. I’m trying to help you out.
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If you are up in this position and you afford, you you got in and the thing’s up, please, please take your money off the table, at least at least. OK, no, I got to do it. The magnetite. I got to support Trump. I got to support. OK, OK. You’re propping up a completely ridiculous overvalued stock by every single metric shape, matter or form.
Okay, the company is never going to make that much money. It’s not. If you think that advertisers are going to go over to truth, okay, you’re crazy. Because I know how this world works. I don’t give you an example. Why not? Why don’t I get into this? Okay, first and foremost, talk about Rush Limbaugh. Okay, remember the advertisers that he had on his program? Again.
Rush made a lot of money, made a lot of money by stations paying him, paying him to basically air the program so they could sell local advertisements. Do you know really any really big name national advertisers that advertised on Rush’s program? No, they were afraid of getting, you know, ticking people off.
I do happen to think as Russia’s a big fan of Apple, I think that they probably kind of a deal under the table. Remember, he was giving away Apple products all the time on Christmas and various different other things and talk them up. Who knows? Who knows? Another great example of this was, do you remember when Glenn Beck was on Fox? Glenn Beck had unbelievable ratings, unbelievable ratings at Fox News. Crazy. And again, I mean, a of the
nutty stuff that he had on at the time. But anyway, neither here nor there that didn’t translate into advertising revenue. Those was a way that they described it in the media, they called it it’s like dead calories. He can have all the ratings the entire world, but people not willing to advertise on the program. It’s dead calories. They’re not getting anything from it. What you think that you think that
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Coca Cola or Delta Air, all of a sudden are gonna come over to Truth Social? I mean, if you’re crying out loud, I mean, these are companies that boycotted X and Musk to some degree.
But anyway, neither here nor there. Get out and if, listen, you wanna keep the stock up because you wanna help Donald Trump, fine. At least do this. Take your initial investment off the table. Sell a portion of it so guess what? When the thing tanks, you’re not gonna lose everything. At least you can get your initial investment out. But.
Again, it’s what Confucius say, may you live in interesting times. Watchdog on wallstreet .com.