Truth Social Stock NOSEDIVES After Trump Debate Disaster

following the disastrous debate against vice president Kam Harris shares of Trump's social media platform cratered to a new low oh no as if you didn't think it could go lower well now oh that's that's bad so this continues the long slide this stock has gone through since its high of 7938 a share I was less than 6 months ago and now it's down to about 15 that's a deine of nearly 75% disastrous so now Donald Trump happens to own a majority of the shares about 59% roughly 60 uh so basically every time this happens he literally watches millions of dollars he could have had basically disappear it's it's like lighting it on fire which if you're an investor in true social most likely you you know you've already seen that happen to yourself uh like oh you might as well just you know light all your money on fire and and because if you're giving it to him it's the same thing okay it's going to go to his legal fees all right in fact that's what's happening to a lot of the money that he's raising for his political campaign um it's not going to down ballot candidates candidates no no no no no it's going to his legal legal fees uh so now as of this morning that stock went down nearly 177% that's not a dip that's not a o just little bump in the road there no it's Crash it is a crash crater gone a lot like the money it bing bing bing she it's gone it's gone okay so now this is unlike the rest of the stock market which is actually doing pretty good not not that it matters to me I don't own any stocks right uh and I think it's uh you know saying that the stock market is a reflection of how America is doing is I would say inaccurate uh the stock market doesn't really reflect average everyday Americans and and how we're doing um which is why you know I I always think it's funny when like oh you know politicians are saying well we got a stock market is doing great it means America's doing great right no it doesn't it just means very very uh a very few you know small amount of rich people are doing great but it doesn't reflect anyone else and that by the way that also I mean is related to True social's so-called market value it's very very overvalued and not reflective of the realities of the company okay so that said if you do have you know stocks I guess then you're doing good too good for you I guess right now Trump said that if Biden was elected the stock market would crash did that happen no the only crash seems to be on things related to Donald Trump because everything Trump touches falls apart he's got the reverse Midas Touch right everything he touched turns to turns to crap big massive dumps that's pretty much all that's left uh so now speaking of dumps uh true social is a disaster and and right now Donald Trump he has until the 20th to wait before he can dump his share of the stocks uh now according to the to SEC finings the company was lost at staggering $58 million in 2023 before even going public and now it's losing even more uh they've continued to post huge losses not only in stock value but of course in the company itself that's why it had to merge with that spack um corporation which is a blank check company um when it went public they lost $16.4 Million last quarter and they had under a million dollar in Revenue so now I'm not a I'm not a mathem magician but that seems bad I mean 16.4 million in losses and only less than a million dollar in Revenue which that means you have roughly 15.3 I guess or whatever million in uh in losses so that's that's not that's not good no business can operate like this for long okay and and again the reason that it's losing the value and the reason that it has value in the first place is actually the same reason because Donald Trump okay so people bought into it because of the name oh Donald Trump I I I heard that he builds things and stuff uh and he might be and he was President once might be again so uh this must be a safe bet except no if you look at Trump's track record he has uh he has had a lot of businesses fail go bankrupt and this one will just be the newest in the long line of trump businesses Trump water Trump air Trump Stakes I mean you name it right so now Matthew Tuttle CEO of Tuttle Capital Management had told CNN quote if this wasn't Trump this thing would be trading at a dollar now why is that it's because it's a social media company that is incredibly Niche first of all it takes a lot of investment and a lot of time for a social media company to even show positive returns so that's just the the media environment so anybody who thinks that they can go and start uh like the next Facebook it's actually really hard and the reason that we had Facebook and uh you know we had a Twitter is that that they didn't exist before okay and they got started and they started making money advertisers were interested in that uh in mainly our data because when it comes to social media we are the product we are being sold to advertisers our data so that advertisers can serve Us ads you know how it works um so you know Facebook and and all that that's how they started making money and how they keep making money so that's why true social is not going to make money because it's so Niche that hardly anybody is going there I mean only like the most Ardent Trump fans have shown up on true social and they can't really get a lot of reputable advertisers there because they have the same issue that Twitter has uh or X now um and and that advertisers don't really want their ads next to pro-nazi content and so there's that issue why they're not taking in a lot of money and and then of course uh they're also spending money trying to set up this you know uh live TV I guess on TR social which is also going to be an expensive boond doggle disaster uh and then they have this the CEO Devon Nunes uh who is you know also running this thing into the ground which is essentially a pump and dump to begin with okay it's a disaster in fact here's what Tuttle said this stock is entirely a trump gets elected play if Trump wins this could be a viable company meaning that you know the stock values would have some equ equilibrium here and people would buy into it and people would had to have some trust in it because oh it's it's related to the president of the United States now but if he loses he says I don't know how this is a going concern it's going to fail and by the way this is why people are using true social the stock price as less of a gauge of it being a viable company that will you know last the long term and instead using it as a gaug to see whether or not they think Trump will win so if Trump gets a you know a very positive PLL that comes out or or starts trending up in the polls and having a big lead over you know his opponent um like for example with Biden then the stock will rally but if he has a disastrous debate like he did on Tuesday then the stock will tank and so that's what it's basically turned into uh a thermometer of whether or not people believe the that Donald Trump will end up getting elected thank you for watching if you enjoyed this video please like share subscribe hit the Bell icon in order to get notified whenever a new video is released and if you want to support independent Progressive media through this difficult time where it seems like everybody is shutting down and become a member on our YouTube page you become a subscriber on Facebook or you can go to my patreon it's patreon.com Jeff wal thank you