It is a move that is leaving some downright baffled, as the Trump organization, including flagship social media property Truth Social (DJT), is poised to roll out a new offering that is poised to catch some attention. The offering in question: a new mobile phone service complete with new smartphone. Shareholders were just as baffled as anyone else, and sent DJT shares plunging down nearly 4.5% in Monday afternoon’s trading.
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The new phone, and plan, will be poised to launch this September, reports note, and will offer unlimited talk, text and data for $47.45 per month. If those numbers sound familiar, yes, President Trump is both our 45th and 47th president, with Joe Biden wedging in there as number 46. The service is known as Trump Mobile, reports note, and will come with an array of benefits.
Not only will users get the aforementioned unlimited features, but also included is roadside assistance as well as what it calls a “telehealth and pharmacy benefit.” Free international calling to over 100 different countries, including military bases, is also on hand. Interestingly, reports note that the Trump Organization is not designing, developing, manufacturing, or selling these plans itself. Rather, it seems to have licensed the name out. This, not surprisingly, is raising “ethics concerns” from the usual sources.
Maybe Better Than You Might Think
Of particular interest is the phone itself, which will be an Android device that features a 6.8 inch AMOLED screen. That by itself is a pretty solid play, and it gets better. The phone boasts 256 gigabytes of internal storage as well as 12 gigabytes of RAM, and a main camera that shoots in 50 megapixel rates. The selfie camera alone runs at 16 megapixel, and the whole thing is poised to sell for $499, a downright bargain when compared to, say, the newest iPhone.
A phone that offers free calling to military bases is likely to have a welcome support base among soldiers’ families. Further, a comparative bargain of a smartphone that carries the Trump name—not to mention the Trump aesthetic as much of the phone is gold-colored—could prove a winner as well. This sounded outlandish at first blush, but a closer look says this might be a quiet winner.
Is Truth Social Stock a Good Buy Right Now?
Turning to Wall Street, no analysts currently hold a rating on DJT stock. So we turn to the last five days of trading instead. As it turns out, DJT stock is down 10.6% for the period. Truth Social shares are generally down over the period in question. There was a bit of a rally seen over the weekend, but much of that rally was lost with today’s trading.
