Truth Social reports $58 million loss: share price in freefall

[gracchus]

Exactly. Everyone, myself included. You didn’t have to be Warren Buffett to predict this one.

@gracchus

He’ll try to use them as collateral for loans, but since the share price will plummet like a penny off the Empire State Building in the next couple of weeks a severe discount on their value will no doubt be involved.

Right now the value is being boosted, partly as a Gamestop-like joke meme stock and partly as a souvenir for MAGAts, with speculators riding along. That won’t last, and the fundamentals obviously suck.