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Trump Media & Technology Group Corp DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its brands consist of Truth Social, TMTG+, and TMTG News. TMTG is also engaged in operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a newly opened data center as the Company works to bring additional data centers into operation. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack.


NDAQ:DJT - Post by User

Post by BlackBear22on Jul 31, 2024 9:10am
80 Views
Post# 36155915

Shell game ends in the Fall

Shell game ends in the FallA long time ago I posted that DJT would be range bound between $35 and $60.  For those who were lucky enough to play a bounce the volatility was good but I am sure that only applies to a relatively small number.
I think the shell game is soon coming to an end for a few reasons.
The biggest obviously is the release of the lockup shares which will add to the supply of shares on the market and management has only succeeded in making this situation worse by using DJT stock like currency to set up deals.
When the time comes these companies will want to get paid and the only way for them to do that is to sell some or all of their shares.
The selling pressure on DJT in the Fall is going to be like no other company has experienced.  I expect others who are holding shares and can trade, will not wait til the Fall to unload.
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