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Trump trade: Bitcoin hit record highs and Tesla hits $1 trillion market cap
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An “election play” is not a thing

Even if Trump wins, which is starting to look more and more unlikely, there is nothing about his victory that would make DJT a profitable company.

Maybe we’ll see a slight bump if he does win the election, but I don’t expect that bump to be anything significant. Look what happened after Trump got shot. The price went up +27%, then plummeted back down only a week later. So what exactly do bulls think an election victory is even supposed to do?
$Trump Media & Technology (DJT.US)$ ‘s sole business is Truth Social, a Twitter clone that was created for “free speech” because Trump got banned from Twitter. But ever since Elon Musk bought Twitter and renamed it X, X has loosened its restrictions on censorship, making Truth Social and DJT completely irrelevant. And the numbers don’t even lie: DJT reported a Q1 2024 revenue of $770k versus a net loss of -$327m.
The worst part of all is that we don’t even need to wait for the election to see the stock price plummeting. Trump’s stock sale lock-up period will end in the next few weeks. And considering Trump has a personal debt of over half a billion dollars, we can be sure that he’s going to do everything in his power to cash out on DJT to save himself.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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