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IPOs in general are terrible bets. Pets.com. Casper. Reddit. Sundial Growers.
But unlike these, there's not really much indication of growth with Trump Social. By their own reports, less than 1 million users in its first week, which dropped to 60k per week after that. A year later, they've only boosted users to 2 million in the two years since--less than 3% of all social media accounts. Barely 500k users that use the platform daily (0.2% of daily X users).
They have liabilities at last report of over $60m--and no major advertisers or any discernable means of generating revenue.
Don't worry, Marian, you can invest your money in the green energy companies. I recommend Solyndra.
It's weird is what it is. Suckers are born every day, though, and the gullible are always ripe for the taking. If you look beneath the surface to see the makeup of a company, their operations, their products, their financials, you start to see the picture emerge. Long term outlook: meh. Not to mention their claim to fame - the ex-P - is turning 78 yrs old, declining, and won't be around at some point.
Indeed, I didn’t even think about that. I don’t think the price is at all sustainable, the emperor has no clothes, but if people want to throw their money down the drain, so it be, so it is.
IPOs in general are terrible bets. Pets.com. Casper. Reddit. Sundial Growers.
But unlike these, there's not really much indication of growth with Trump Social. By their own reports, less than 1 million users in its first week, which dropped to 60k per week after that. A year later, they've only boosted users to 2 million in the two years since--less than 3% of all social media accounts. Barely 500k users that use the platform daily (0.2% of daily X users).
They have liabilities at last report of over $60m--and no major advertisers or any discernable means of generating revenue.
Well, they’re selling the data of the Truthers, or whatever they’re called.
Because they have a high retention rate and a very loyal following of Trumpers, there’s likely money to be made selling data to those targeting preppers or incontinence or whathaveyou.
If you’re not paying for the product, you are the product.
But yeah, usage numbers are pathetic compared to similar platforms. No doubt.
It's weird is what it is. Suckers are born every day, though, and the gullible are always ripe for the taking. If you look beneath the surface to see the makeup of a company, their operations, their products, their financials, you start to see the picture emerge. Long term outlook: meh. Not to mention their claim to fame - the ex-P - is turning 78 yrs old, declining, and won't be around at some point.
There is value in buying the stock, if for no other reason than it triggers the Democrat base, which has destroyed this country.
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