Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss
Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss
Trump's media company is now trading below its opening stock price. The company on Monday disclosed mounting losses.
People are starting to realize everything he says is a joke? I can't imagine actually trusting an investment to anything he touches.
No, people do not. Roughly 50 % would still vote him.
remember, less than 50% of people who voted voted for him. Over a million more people voted for Hillary than Trump. Largest loss in both % and people in history, I think (for a winning presidential election).
Trump Steaks? No?
One more overvalued trump property. Are we surprised?
Benefit with this one is everyone can short it once the option trades become available
I am a bit surprised. I figured it would be an easy way for fat cats to pay off Donnie's massive debts and make him look like a big shot.
I'd love to be the fly on the wall when the top GOPs meet up with the main donors.
It feels like someone is pumping the stock up.
Not your average small business owner either, someone with weight is basically defying every metric of long term/short term investment on a stock that has done nothing but depreciate in value over the past year.
On a product, no one uses.
And said, "That's worth at least as much as Amazon."
Trump has people trying to get his base to buy the stock with the express purpose of pumping it up to give him more assets to work with to fund his legal battles.
I wouldn't be surprised if the SEC is currently investigating it because they haven't been trying to hide it at all.
How is a mastodon instance assigned a value?
This is the best summary I could come up with:
Former President Donald Trump's fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company's stock price lopping $4 billion off its value.
The plunge in Trump Media & Technology Group's shares, which debuted on the Nasdaq Composite Index on March 25 under the ticker "DJT" (after the former president's initials), comes as it disclosed mounting losses in a regulatory filing.
Shares of Trump Media & Technology Group, whose primary asset is the Truth Social platform, tumbled $14.50, or 23%, to $47.46 in Monday afternoon trading.
To be sure, Trump Media continues to maintain a heady market capitalization for a business that's in the red and that booked just $4.1 million in revenue last year.
Yet Truth Social has positioned itself as an alternative to more established tech giants such as Meta's Facebook, which also endured losses in its early years.
"GameStop was the meme stock of a lifetime, but Trump Media has put it to shame," Michael Pachter, an analyst at Wedbush Securities, told the Associated Press last week.
The original article contains 401 words, the summary contains 179 words. Saved 55%. I'm a bot and I'm open source!
rip bozo, lmao. looks like you cant sustain a social media network around a personality cult around some wet old dude.
What is the antonym of ‘go woke go broke’ pls?
Go fash lose cash
Turn altright feel the plight
Go fash lose your ass?
What a great businessman! Much smart! So WOW! Big brain.