SPAC Expert Reacts To Trump Truth Social Stock $DJT Plunging After Massive Losses Reported

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Kristi Marvin, the founder and CEO of SPACInsider, joins “Forbes Newsroom” to discuss Donald Trump’s social media company, Truth Social, plummeting in the stock market on Monday.

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48 COMMENTS

  1. Forbes "journalist" not being objective by repeatedly stressing "plummeted!" and so forth, huge exaggeration, it was down 20% after being up 400% or more, on negative revenue, so it is a worthless stock like many others. Forbes should stop trying to create a 'viral moment' and instead REPORT THE NEWS OBJECTIVELY.

  4. When you hear someone say the valuation is not based upon fundamentals we are used to seeing that is Wallstreet code for, this trash is wildly overpriced, but she can not say that. LOL

  9. A meme stock😂. That’s like saying – it’s an f’ing joke which trades off of Vapor and eventually it’s a worthless piece of paper. The hedge funds are going to have a blast shorting the hell out of this one straight to zero

  18. This ticker is trading at 1,500 * Rev. Compare that to Reddit trading at 10x rev. It's definitely overvalued. This chick though is way to eager to say it's getting destroyed. Actually it's quite the exact opposite of that right now at it's still current valuation.

  28. I don't own stock or even have a Truth account but it's easy to see the stock is going to continue to get more and more solid as the platform grows. As expected there's been some profit taking after the huge runs its had so far but when Trump is President again Truth will become even more popular, especially when anything Trump says will only be going through Truth.

    People are sick of the lies and half-truths on media sites and now that X is less biased thanks to Musk, he's proven how corrupted the other platforms are and how worthless, I don't see Trump selling off his shares, the deal has already netted him Billions he can borrow against like every other tech mogul.

  29. DJT is looking for some rub’s that he can separate them from their money. So, please all rubs please buy some of this money loser. They made a little over 4 million. Lost 58 million dollars. The actual stock value per share is .00000347 per share. So any amount of funds to buy these shares is a loss equal to the amount you invest. This spac will go to it actual value of .00000347 a share as soon all the shares are purchased at this ridiculous price. But investor could make some money if you can find some shares to short. This will be a giving.

  30. Trumpers invest in your lord and master!!!!!!!!!!!!!!!!! He is not a con artist the stock will be worth
    hundreds of billions next week!!!!!!!!!!!!!!!!!!! Mortgage your home twice!!!!!!!! Invest in donald he is a genius!!!!!!!!!!!!!!!!!!!!!

  34. All of the public trading activity we've seen was limited to 10% of shares. The biggest trading factor is that Trump owns 80% of the shares. He will sell them all at the earliest possibility and do it irresponsibly without a care to company damage. The physics of an auction market dictate an impossibility in loyal retail buyers supporting price. Trump is going to rob those followers blind in one last great hurrah before being incarcerated for the rest of his life. If there was any one investment you could trust your savings on, it's the short side of Trump's public company.

  40. "It's not based on the fundamentals…" So when TS posts a loss of $58M in the last quarter, the stock plunges but that's just an amazing coincidence? Amazing!

  43. 3500 verified lies and he has truth social where people who crave being lied to. Truth social. I’d be will bet my life savings he has never told the truth on his channel

  47. Quoting a news report:
    "Early investors in the Trump Media & Technology Group are telling Reuters that they made a quick profit by cashing out late last week just before the company's first financial report sent its share prices into a freefall on Monday."
    "Good" for them. Not so good for those who bought on Trump Stock. 😁

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