Donald Trump's social platform Truth Social trades at a slight premium to other social cos
— Anand Sanwal (@asanwal) March 30, 2024
• Truth Social 1860.3x
• @Reddit 9.8x
• @Meta 9.2x
• @Pinterest 7.7x
• @Snap 4.1x
• @tiktok_us 1.9x (parent: Bytedance)
If this valuation holds up, Elon will be happy pic.twitter.com/7hEx2YCdkh
Donald Trump's social platform Truth Social trades at a slight premium to other social cos
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Over two magnetudes too the next valuation and he is taking it as a meaningful data point. Curries aren't sending their best.
How does a scaled down version of Twitter lose 50 million in a year when they haven't developed anything new?
This is why @ManBearFridge wanna be a janny
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Price-to-sales? !fincels is this a useful metric? Isn't DJT looking good just cuz of low trade volume?
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The sales isn't trade volume it's actual revenue. It's a good ratio for this kind of investment because they don't make a profit. So Truth Social is pulling in 0.054% of their market cap in revenue each year.
It's looking terrible, you want p/s to be low. A P/S ratio over 10 is incredibly risky and overpriced, over 30 you're basically guaranteed to lose money if you invest.
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I'd imagine that much of that is going to be because many investment funds are unwilling to touch anything politically controversial. Just look at how cucked Reddit became for their IPO.
So I wouldn't rule out the stock based on those measures. "BlackRock won't buy this" doesn't mean much these days.
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The P/S ratio here is saying that for every $1,860 they have in market capitalization, they earn $1 in income through selling advertising spots or whatever it is that generates money at these companies. If anything institutional investors not touching it (which may or may not be the case) is making their ratio look better since there's that much less money driving up their stock.
The only reason to buy it is that you're hoping that it becomes like Tesla where the stock is basically random and disconnected from real factors.
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Ah, the sales denominator is revenue rather than how many shares are sold. Well I learned something.
If we're being honest, Truth is a massive risk right now. If Trump wins the election it'll be successful, if he loses it's going to be worthless. They're not going to sell much advertising while Trump is running for president, afterwards may be a different story.
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I actually know the two guys who built Truth Social. They got fricked by the guy and still suck his peepee.
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Oh, you "use arch BTW." Do you expect a Reddit gold? Naw, I ain't no kind stranger. If you brag about your operating system online, then I can't even imagine how much of an butthole you are in real life. Great, you know how to read a fricking manual, and you know basic English. Jesus fricking Christ, you arch-kiddies are so toxic saying "I use Arch BTW" as if it's tough to install. Oh wow you're typing simple commands into a fricking tty. You do realize that Arch Linux is just a binary distro, that uses systemD (a shitty init system for n00bs). The Arch Linux community is full of edgy 15 year olds who act like they're superior. If you actually want to learn the inner workings of Linux, you should use Gentoo. Gentoo is a source based distro with OpenRC (an actually decent init system), that is actually hard to install. There is no manual for Gentoo, so you actually have to use critical thinking skills instead of copying and pasting commands into a tty. For Gentoo you have to fine tune the system to your exact hardware instead of just running "pacstrap" like a n00b on an archiso. It takes a long time to install Gentoo. It took an entire decade to compile the kernel from a stage 1 tarball onto my IBM Thinkpad 69420 (bought from my local used-thinkpad-store for 10 cents) with and the Core i-21 ultra-supreme extra-spicy CPU literally turned into ionized plasma and burnt my entire neighboorhood to the ground and the kernel took an entire decade to compile. After that I had to manually write the wifi-driver in ed ( a good text editor ) and compile them with -O7 gcc compiling flags. After the entire installaton I booted up the Gentoo installation and it used an entire 1 kilobyte less of RAM than Arch Linux. Arch-kiddies like you wouldn't have the patience to compile Gentoo. The Gentoo community is very nice and humble and doesn't brag about their OS (unlike you elitist buttholes). So instead of saying "I use Arch BTW", just shut the frick up!!!
Snapshots:
https://twitter.com/asanwal/status/1773967206331912197:
ghostarchive.org
archive.org
archive.ph (click to archive)
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expectation of future revenue. still absurd.
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