Financial Expert Offers Shockingly Grim Assessment Of Trump’s Truth Social

A financial expert and hedge fund manager has issued a dire warning about the fate and future of Donald Trump’s beloved Truth Social. He says that without Trump’s name, the company would be trading at about $1 per share. While Trump’s name is obviously still associated with the company, the fact that he still has a criminal sentencing and multiple criminal trials pending could put an end to that really quickly. Ring of Fire’s Farron Cousins explains what’s happening.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Matthew Tuttle, the CEO of, uh, Tuttle Capital Management, which of course is a, a hedge fund company. Tuttle is also viewed widely as a financial expert. He recently came out in an interview and offered some very horrible news to anyone holding Trump media and technology stock, which as we all know, really bottomed out about a week and a half ago, just like 17 bucks a share. It's lost 72% of its value since April. Just a complete crap show with truth social stock, because that's the only actual part of the company. So that's what we'll call it. But here is what Tuttle said in this interview. If this wasn't Trump, this thing would be trading at $1 per share. This stock is entirely a Trump gets elected play. If Trump wins, this could be a viable company, but if he loses, I don't know how this is a going concern. Like I'm a huge believer that you must keep politics and profits separate if you're holding onto this for dear life because you're a Trump fan. That's just stupid. You invest to make money.

I love that. Don't be stupid. Dump the stock. Now, if you're holding onto it, just 'cause you, I really love Donald Trump. You're gonna lose everything if he loses the election. But before we even get to that point, September 25th is the date where Donald Trump would be able to sell some of his own shares. So Trump could start selling, which would definitely tank the price of it, but he'd be able to cash out and still make a profit. The rest of y'all would be screwed. Which of course, as I discussed in a segment this past weekend, is the dilemma that other big name donor, or not donors, but investors are dealing with. Do they get out now and make a little bit of money, but tank the price even further and off Donald Trump? Or do they hold onto it hoping he doesn't sell and hoping he wins the election, but everything hinges on that election?

'cause if Trump loses, right, as Tuttle says, if this wasn't a Trump thing, it's gonna be worth a buck. I don't know if he's talking about per share, by the way I added that part. Maybe he's talking about the whole company being worth a dollar. I mean, it's never turned a profit at all. It's hemorrhaging millions of dollars a month, pulling in a few hundred thousand a month. So maybe he is talking about the whole company being worth $1, but Trump loses in November. What happens to him? Well, at the end of the month now in November, he heads for his criminal sentencing. Then he still has at least two, hopefully three, because hopefully the documents case comes back, criminal trials to go through as a convicted felon.

So the chance of him going to jail actually goes up, uh, more and more with each subsequent case. And God forbid he tries to overturn this year's election results. 'cause if he does, maybe we're looking at even more criminal charges and trials. Maybe Arizona decides to bring charges against him now that they're getting some witnesses cooperating. What I'm saying is that his legal problems are only gonna get worse if he loses. And it's gonna be very hard for him to run a company from behind bars. So if he loses, he could lose his freedom and that company becomes worthless. So, as Tuttle said, don't just hold onto it because you like Donald Trump. That's stupid. Instead, my advice as somebody who's not a financial advisor, of course, but if you're holding onto this stock thinking things are gonna get better, probably would be wise to sell. Listen to the people that know what they're talking about. 'cause it doesn't look like this. Thing's gonna get any better.