Trump's Unbearable Temptation to Dump His Truth Social Stock [View all]
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Source: The New Republic via Yahoo.com/news
U.S. Steel is no longer the colossus it was in 1958, when that scene takes place. But it still caught my attention when The Wall Street Journal reported Tuesday that the valuation of Donald Trump’s Truth Social was almost as big as U.S. Steel’s. This was the very first day of trading for the app’s parent company, Trump Media & Technology Group (ticker symbol: DJT), when the stock price rose 56 percent to $78 per share; it closed Wednesday just south of $70. That’s a remarkably strong performance for a money-losing social media platform.
How worthless an investment is Truth Social? Looking at what killjoys call “the fundamentals,” the platform’s monthly active users fell 51 percent in February compared to the previous year, down to a very modest 494,000.
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Read more: https://www.yahoo.com/news/trump-unbearable-temptation-dump-truth-100000153.html
Someone is definitely trying to help Pendejo45, by grifting stock investors.
Not to mention getting some influence over Pendejo45, God forbid, if he gets re-elected.
That's how I see it.
= new reply since forum marked as read
