Trump Media stock is plummeting. These shareholders don't care

[groundloop]

Source: ABC News

Trump Media & Technology Group's stock dropped more than 11% this week, suffering from sour sentiment after a weak earnings report and the return of former President Donald Trump to rival social media platform X.

The company’s woes stretch back to the middle of last month. Since then, the stock for the Truth Social parent company has plummeted by about 43%. Yet as the stock continues to slide, some of its investors remain unfazed, telling ABC News they are optimistic about the company's financial outlook, or intend to stand by it as an expression of their support for Trump.

Todd Schlanger, an interior designer from West Palm Beach, told ABC News that he purchased shares in Trump Media because he supports Trump's politics and believes in his businesses.

"I'm a Republican, so I supported him. When I found out about the stock, I got involved because I support the company and believe in free speech," said Schlanger, who said he owns approximately a thousand shares of the company.

Read more: https://abcnews.go.com/Business/trump-media-stock-plummeting-shareholders-care/story?id=112892975

---

R-I-G-H-T..... this guy is losing thousands of dollars as the grifter-in-chief's stock tanks and he claims he doesn't care.

[JT45242]

1. More importantly, no need for Saudis, Egypt, Russia, etc to bribe him since he won't win

The whole point of this stock was to launder bribes from foreign interests...no point in bribing a dude who will never hold power again.

[4lbs]

7. Yeah, the only power he seems to hold onto now is when he grabs onto his

toilet room light switch, before plopping and posting.

[surfered]

2. You can't fix stupid.

[DJ Synikus Makisimus]

9. Freedom to Stoopid is a Constitutional Rite,

innit?

[surfered]

11. Yup

[Enter stage left]

3. My thoughts are his investors are both "suckers and losers".

[duncang]

4. Another case of going against your own interests.

I’m losing money but it’s okay because I’m willing to lose more if he wins. Just as long as I get to see others suffer.

[twodogsbarking]

6. People sometimes do get emotionally attached to a stock. Usually not to this fuckin' extreme.

[Permanut]

5. "Supports Trump's politics"..

A meaningless glittering generality which is apparently intended to imply that this clown has the real inside scoop. With no examples this is just pseudo intellectual clap trap.

[groundloop]

17. I take "supports tRump's politics" to mean "I hate the same people as he does."

[The Unmitigated Gall]

8. Sheep. nt

[turbinetree]

10. Lemmings are smarter than these whatever you want to call them................

I don't own a bridge but I will sell you one...........Todd ...........can I call you Todd...............

[jvill]

12. The more the stock drops, the more the MAGAs show their commitment to Trump. It's a cult.

...

[Kaleva]

14. Yes

[SWBTATTReg]

13. Idiots. PE ratios were way off the way, no way the company would ever justify its share price.

[Bernardo de La Paz]

26. Got $267 million shareholders equity, 195 million shares outstanding, that's worth $1.37 per share

No spending on R&D, not much on advertising / marketing.

Return on Assets -5.26%
Return on Equity -5.69%
Return on Total Capital -3.22%
Return on Invested Capital -5.69%

[4catsmom]

15. it's a cult

and no matter how much they lose, it's their 'donation' to keep the cult going

[dchill]

16. "It wuz werth it too own the libbs!"

[OMGWTF]

18. But yet somehow, the media keeps telling us that company is worth eleventy kazillion dollars.

[COL Mustard]

19. I wish I'd had the opportunity

To short that stock. I'd be rich now!

His investors are the real suckers and losers. Just ask one!

[moonshinegnomie]

20. i did :)

not a lot but i made some money owning puts.
If it has another spike in the near term ill rebuy puts

[COL Mustard]

22. Excellent!

I love to see good people get rich off bad people!

[moonshinegnomie]

23. didnt get rich

but that would require more risk than im willing to take. to bad im goign to lose the profits i made on that being short tesla. (I use options instead of the actual stock)

[oasis]

21. Stocks taking bullet train to the shitcan!!!!

[Jarqui]

24. I'm sure is was based on the deal he worked out with Elon

Trump moved back to X/twitter
Elon gives him some campaign dough for his trouble but takes out a competitor.
Truth Social fades away and those investors are left holding the empty bag

[aggiesal]

25. I believe this stock is being used to funnel foreign laundered money into Pendejo45's campaign ...

& from there, into Pendejo45's coffers.
So the stock holders don't really care where the stock price is, there donation has already been recorded.

[BlueWavePsych]

27. Lemmings getting slaughtered ...

Just look at this monthly chart. Horrible technicals!

[EastBayGuy]

28. Is this the guy on Queer Eye?

/s

[Gore1FL]

29. I do t know if plummeting is the right word.

Stagnating, maybe.

[BlueWavePsych]

30. To break even from this month's losses, DGT has to rise 73%.

Every trading day, MAGAts hope and hope and hope that the stock will recover.

[Gore1FL]

33. It has a higher value now than before it went public.

https://www.nasdaq.com/market-activity/stocks/djt

Set the graph to a year or more.

[BlueWavePsych]

34. Nope. You sound like a "long". Btw, DJT stock is crashing today ... again LOL

Down 2.7% as I write this. Good luck

Trump Media Stock (DJT) - Significant Risks Are At Hand

Serious risks are here. Hope for Truth Social improvements diminished with the 2nd quarter earnings report's weak results. Without an earnings call by management, shareholders did not receive information about future plans and expectations of how things could improve.

First is the risk of heavy selling in September as lock-ups expire. Except for Donald Trump's large holdings, minority shareholders hold all the other locked-up shares. Many of those shareholders did not choose to invest in DJT. Instead, they received their stock as payment for services, as repayment of cash loans, or as low cost or free positions from the Digital World Acquisition origination and merger activities. Therefore, without a strong investment reason to hold their stock when it becomes salable, we can expect to see liquidations - especially, if the stock remains weak.

Second is the risk of early insider selling. Although Donald Trump has a large number of locked-up shares, the board can grant him an exemption, allowing him to sell early. Why might he want to sell? He has ample shares he could sell while still maintaining his majority position. Therefore, selling now would allow him to capture current prices and raise cash prior to the expected September selling by others.

https://www.forbes.com/sites/johntobey/2024/08/17/trump-media-stock-djtsignificant-risks-are-at-hand/

[Gore1FL]

35. I don't know what a "long" is. I don't invest in meme stocks. Its going to bounce around regardless of value.

The orange idiot is going to make money off of it at the expense of others. It's best to avoid such investments as they are unpredictable. At this point, the orange fool is still making money.

[MistakenLamb]

31. probably because Elon Musk is gonna buy it at an inflated value anyway

[Bengus81]

32. Revenue down 30% with all the crap Trump hawks on that site?

Come on Trump humpers....pony up the dough for those assassination tennis shoes and do your part!!

Sounds like a load of his advertisers are hittin' the road also. Wait till after the election and the annual report to really see the losses. That crap stock's real value is barely above a penny stock.