Trump Media stock is in a free fall

[Playingmantis]

Source: Quartz Daily Brief

Trump Media & Technology Group stock hit another post-merger low on Tuesday, extending its decline for a second consecutive day of all-time lows.

The company behind former President Donald Trump’s social media network Truth Social saw the value of its shares fall as much as 4% Tuesday to a new low of $21.33. In less than five months, Trump Media’s shares have plunged roughly 63%, giving the company a market capitalization of $4.29 billion.




Read more: https://qz.com/trump-media-stock-djt-low-market-cap-shares-1851626984

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Trump will make millions but his worshipers will lose all..and never learn

[Attilatheblond]

1. Hope Trump's nights are filled with dreams of Fred holding up the stock report and pointing out the obvious:

LOSER!

[twodogsbarking]

2. The laundry is done honey.

[Dem4life1970]

14. This should be investigated....

I think a lot of laundry has been done through "Truth" Social.

[ColinC]

3. Put 30 dollars on a 2.5 dollar put option for 9/20

If it gains, I will sell and try to buy one for 11/8 if I can

[Jerry2144]

4. The soundtrack for his stock: the Shepard Tone

It’s that continually descending tone that sounds like something is falling into the abyss

[JoseBalow]

11. Free Falling

[Tweedy]

5. To paraphrase an unregistered foreign agent --

If what you say is true, I love it!

[progressoid]

6. That's still over valued.

[C0RI0LANUS]

7. Everything Trump touches, dies

[Mr. Sparkle]

8. This is arguably his greatest scam

He stands to make billions. And it shows just has corrupt Wall Street is.

[modrepub]

9. Not A Scam

his followers are holding this stock price up higher than it should be (to demonstrate their devotion). Not to mention billionaires who want to curry favor to him if he wins; its a tax write off for these folks if they loose some spare change (heads I win, tails you loose).

[JefilteFish]

12. Those are literally ALL SCAMS

Some of dubious legality, but ALL are scammy!

Sorry just had to come out of lurkdom to say that

[GP6971]

13. Why do you say that?

Have any links to support your claim?

[ET Awful]

17. Depends on how you look at it - if they bought it because of false and misleading claims from Trump

It could be part of a typical pump and dump scam (even if he didn't dump the stock at its highest point). If Trump decides to dump his shares, any of his supporters that bought it will lose their asses. Not that I care if they do, but it sounds pretty much like a standard pump and dump to me (just didn't work out as well in the "pumpers" favor.

[JefilteFish]

22. Anything that comes to market under a SPAC

Is likely to be a scam. It’s the worst kind of retail investor frenzy that can be manipulated by scammers like Trump. They’ were recently reined in but more than 200 companies launched, including Trump Media, before the rules finalized.

Truth Social, based on market fundamentals, should be worth almost nothing and should never had been allowed to launch. There are many sources about it. Not sure why I’m arguing this on DU.

https://www.washingtonpost.com/opinions/2024/02/20/spacs-sec-scam-trump/

[GP6971]

23. Thank you!!!

[Skittles]

27. welcome to DU, JefilteFish!

stick around, yes? we need all the help we can get

[mdbl]

10. Just goes to show that wallstreet can sell something not worth shit

It's way over-valued at anything over 10 cents a share.

[GregariousGroundhog]

15. It's current floor is roughly around $2 a share

Truth Social could theoretically shut down tomorrow and distribute $2 per share after selling all of their assets and settling all their liabilities. That said, I'll agree with you that it is grossly overvalued. Ask any YouTuber how easy it is to get demonitized, and there's no way Trump nor Devin Nunes will moderate content nearly as effectively as YouTube does to keep advertisers happy.

[mdbl]

16. Maybe the magats aren't that profitable as a target audience

Unless you're selling dorky red hats or big ugly red ties or dumb tshirts with "I hate liberals" slogans or really stupid cards with Dump's AI pictures of him kissing a dictator.

[onenote]

18. It's reversed it's fall and is a couple of bucks today

Still way down from where it was.

[mahatmakanejeeves]

19. Not today. It's up over ten percent. NT

[Yo_Mama_Been_Loggin]

20. Just breaks my heart

[BadGimp]

21. Today: Trump Media & Technology Group Corp. (DJT) 24.20 +2.78 (+13.00%)

There is a movement afoot. I am not personally aware of what is happening.

I've been closely watching this stock for weeks, and it's been steadily dropping till today when it popped.

[onenote]

24. It isn't the first bump its had this summer. It bounces up and then it drops again.

[Kennah]

25. Closed at $24.20 - Lowest historically is $21.42

[captain queeg]

26. Free falling

https://m.

&pp=ygUbZnJlZSBmYWxsaW5nIGZyb20gdG9tIHBldHR5