Scholarship table
Yep, there's that.As a TSLA shareholder, the fact that Musk is an a-hole - or even an antisemite - isn't my biggest concern. It's that he's unstable and that he wastes Tesla money on social-warrior dalliances.
Can some of the people more familiar with stock trading teach me a few things. I don't want this to get in a debate/politics discussion, but am intrigued by the oddities of Truth Social going public.I don't want to get into the weeds of the stock/company, but there are ~120M shares outstanding.Of those, about 90M of the shares are owned by people involved in the founding (75%), all of which can't be traded for 6-months.Looking at the trading volume, on at least 1-day, the volume was 55.6 M shares, which if I'm understanding things correctly, would be the equivalent of every share available for selling would have traded hands twice. On the lowest days, the volume is still 6M (or 20% of all possible shares).1. Is that kind of activity normal.2. If that type of volume is not normal, what does it mean.I tried to do some of my own research and failed.
It's not "normal", but there can certainly be stocks where the trading frenzy causes multiples of the float (shares available for trading) to be traded everyday.That's certainly the case with DJT, it's the memeiest of memes stocks at the moment. Think AMC x Gamestop right now.Fundamentally, run; run far away. It generated all of $4.5M in sales last year. In comparison, a single Walmart store rakes in about $1B per year.Consider the Price-to-Sales ratio of others:S&P 500 2.8Apple 7.7Nvidia 36.4DJT 1781So yeah, if a social media platform somehow jumps revenues 100x, its value is between AAPL and NVDA. Right.Someone is going to be left holding the bag on this one. That said, it only takes one billionaire that wants to curry favor to funnel money into this to keep it afloat.
Huh. Musk had this to say in a deposition re Twitter:"I may have done more to financially impair the company than to help it, but I certainly I — I do not guide my posts by what is financially beneficial but what I believe is interesting or important or entertaining to the public.”If I am holding equity (*cough* Fidelity *cough*) or even if I am holding a debt instrument and this is putting at risk the company having cash flow to service the debt, I am PISSED. The CEO in everything but name is unapologetically admitting he isn't operating the company to be financially successful, but instead is doing whatever amuses him.
https://finance.yahoo.com/news/jpmorgan-blackrock-among-bls-economist-184301611.htmlNon-public info leaked to Wall Street
https://www.yahoo.com/lifestyle/small-time-investors-trump-truth-185507366.htmlSuckers
You've got it wrong, Unk. Dementia Don says the real "suckers" (and "losers") were the World War II soldiers who died for America.
As we've seen recently, retail investors can band together to keep meme stocks at artificially high levels for a relatively long time. And, in only takes one Prince Bonesaw or other global leader that wants to curry favor to use the stock as a vehicle to get or stay in Drumpf's good graces.Based on fundamentals, the stock should be trading at < $1/share. Eventually it will track to it's true worth over time, but this could stay overinflated--it is just a question of how overinflated-- longer than a normal stock.
Markets can stay irrational longer than you can stay solvent - keynesNo way am I betting against True Believers. I just root against them.
Streaming/VOD is very cash intensive. IDK how they're going to make that work, it's not like they have a lot of cash on hand. Wildly successful Twitch (amazon acquired them for ~$1B) has never turned a profit. Youtube took many years to become profitable.
Streaming/VOD is very cash intensive. IDK how they're going to make that work.
gee, speaking of dictators, this looks to be kind of dictatorship-like https://www.marketwatch.com/press-release/ncla-unleashes-lawsuit-to-take-down-sec-s-illegal-mass-data-collection-machine-4fd96800 but not weekend at Bernie's sec...noooooo, say it ain't so unless he's using it to further unify us. what 4th amendment