Truth social booked less than $4M in revenue last year, on a loss of almost $50M.
And the ticker symbol post merger?
DJT.
This is one of those times that it’s going to be downright enjoyable to watch the suckers get fleeced.
Here's a scenario that seems plausible.
Rather than pump $ into buying shares of DJT to win favor, they could be much more efficient by buying ads on Truth Social and bidding their ad rate up to 10x or 100x of their legit value. This smaller investment would then show Truth Social profitable and rapidly growing, supporting a stock price of 100x earnings for a while, long enough for the Trump Dump six months from now.
Very difficult to enforce if multiple advertisers are bidding up the ad value without apparently coordinating.