pancakes3 wrote:dobrojim wrote:wondering how much Golfy's empire will shrink after the events of today play out
I don't think it'll happen immediately. One must be patient.
he got a massive windfall with his truth social stock being approved. i think he's restricted from trading for another 6 months, but he's gonna make billions when he sells that, around September, and it's going to tank pretty hard the second he divests.
Might be a penny stock before the 1 year lock-up agreement allows Trump to start selling shares.
With $3 million in revenue for 2023 and an active user base of a meager 5 million, I can't see institutional investors being very interested in adding it to their portfolios, and that's before considering the ramifications of aligning yourself with that brand to begin with.
At the end of the end of the day it'll likely be the derposphere that will invest and get taken for a ride.
A true DJT experience if you will, the little man will hold the bag.
