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Trump Truth Social Media

Well the slow decline of DJT (Nasdaq) seems to have begun for real, every day the price drops a bit more.   There is no good reason to buy or to sell the stock, there will be no news until the end of July when DJT releases its first-half results.  

It is entirely possible (although unlikely) that the company's performance will improve.   Either because users feel that it is a better (or safer) platform.  Although rumours are that the idea was always to sell user data to interested third parties, so far the numbers are too small to be worth the money.  Or that there is really something behind the $100 million they have spent on a secret project (Media company???).   

DJT has a small problem, they will soon run out of cash.  They are burning it rather quickly since they made a loss of $3000 million in the first quarter.  Some of it is a book entry, but it is still real.   At their current burn rate, the company will be out of cash by the end of the year (December).

DJT expensive management team are all good friends and supporters of Donald Trump, who owns about 65% of the company.   They are ALL political operatives, so the likelihood that they know anything about new media is low.  The company has spent a bundle.

Trump's lock-in will end at the end of July (six months).   He could still generate a few hundred million by selling part of his stake...don't worry Trump will do fine out of this venture.   

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