UPDATES in comments...
According to SEC filings, Trump Media generated $3.38m in +revenue in the first 9 months of 2023 and a $49 m net -loss during the same period.
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Twitler cannot Tweet on X as per his contract with "truth" social, so he has to use it to lie to his MAGA morons. Calling his disinformation and lies a "truth" and when reposted, it is called a re-truth. His nitwit followers have not all been caught up in that clown show. On old Twitter tRUMP had millions of followers and millions of like and retweets, whereas he rarely gets more than a few thousand likes on his own platform
His online "soldiers" are merely trolls, many of them paid, and many from foreign places have been pumping up stock to make tRUMP's garbage site look worthy to buy. Sadly, there are lots of MAGA Morons who are willing to buy anything he regurgitates, rich people who want to help him back in power to get them more tax cuts and ... foreign entities who want what tRUMP has offered them in the past... anything and everything, as long as it is good for tRUMP in the end.
So who is jacking up the price by a whopping 400%?? The same little shits who jacked up Bitcoin, gold and silver and shorted game stop stock, penny stock and the crappy DOGE coin Elon also pimped.
I made a picture of them for you...
Some are also Q nutters... who flocked there for the MAGA lies and conspiracies. https://www.nytimes.com/2023/01/28/us/politics/trump-social-media-extremism.html
And people like this asshole... because as much as he pretends to be ethical and hate tRUMP, still put money in his pocket...
How I’m Helping Donald Trump Post His $557 Million Bond
https://plus.thebulwark.com/p/how-im-helping-donald-trump-post-557-bond
A sample tRUMP grift ad on "tRUTH" social
tRUMP can't post elsewhere by contract, nor can he sell his huge majority of shares until 6 months from now... but he may get board approval to do deals now. Normally, no ethical board would approve!! The "truth " board, however, consists of assholes like Kash Patel and Diaper Don Jr, so yes, they may allow tRUMP to sink the company...
Last year the company should have gone under. The SEC was "investigating" the merger, insider trading, money laundering and yet allowed it to happen and here we are? Are tRUMP minions still running the SEC? https://boingboing.net/2023/03/15/trumps-truth-social-under-investigation-for-laundering-loans-connected-to-putin.html
The SEC may be compromised... and to see how easy it would be... https://www.reddit.com/r/ethtrader/comments/192qjgr/if_this_isnt_crypto_market_manipulation_and/
Truth social actual truth - Michael Popok explains how a company can pretend to be worth $6 billion to Trump supporters, who will be crushed when Trump sells or borrows against his 80 million shares of stock to go public next week.
It is shit stock, and if they let him borrow on his shares, and the company does not go under, it means foreign investors will have propped it up. Congrats USA, you have a former president who is beholding to even more countries who is running to be in power again and the SEC will be responsible for that happening...
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I just took this screenshot... DWAC:
New shares traded by stock symbol - D J T!!! The J stands for Jenius!
tRUMP's bankrupt Hotels and Casino Resorts also traded under DJT. https://www.alternet.org/trump-public/
After taking a dive towards oblivion that would have meant tRUMP would not get an earnout bonus on April 23, , tRUMP and his grifting minions illegally pimped his worthless stock to prop it up. And it worked. (See Update 9)
UPDATE 12
A slumping pump and dump
How apropos...
More DJT Moos
Trump Media's Devon "sue an online cow today" Nunes, 'accused financial firms of engaging in naked short sales, which involve betting a stock will fall without borrowing or owning the shares. Such a practice can be illegal.'
https://www.usatoday.com/story/money/2024/06/05/trump-media-seeks-investigation-naked-short-selling/73991753007/