Shares of former President Donald J. Trump’s social media company have fallen so much that his onetime $6 billion stake is now worth about $2 billion.
The stock price of Trump Media & Technology Group, closed Wednesday at $16.98, and is down more than 74 percent from the high-water mark it hit after Trump Media’s merger in March with a publicly traded shell company.
. . .
The slide in the share price has accelerated over the past few weeks as the presidential campaign has heated up and Vice President Kamala Harris, the Democratic nominee, has narrowly overtaken Mr. Trump in most national polls. Shares of Trump Media often have risen and fallen in tandem with investor perception of how Mr. Trump is doing in the presidential race.
no need for true social when there is X now
OMG so true
People don’t buy Trump stock because of the company’s portfolio and performance, they buy because:
- it’s a cult / meme stock
- it’s a way to donate to Trump
- Speculation
That business could have been a lemonade stand run by 8 year olds, and the stock performance would’ve looked exactly the same.
Hey. That’s not fair.
8 year olds would actually run a profitable lemonade stand.
they’d probably sell more if they accepted payment in trump bucks. then buyers could hang them up next to their degree from trump university
Trump bucks are so 2023, they should start accepting Trump Steaks futures contracts and other derivatives
Trump Airlines miles?
How about some of them Trump Digital Trading Cards? Only 99 dollars for some ai generated art of Trump holding bitcoins.
How many Stanley Nickels to a Trump Buck?
its almost like the stock market is completely full of shit
Always has been.
And yet it has a market cap of 3.3 billion. With his financial figures being so bad, Apple should be valued at 500 times the total amount of Earth’s GDP
In 2024 Q1 Trump Media reported less than $800K in revenue and over $325M in costs. Their total revenue (not profit - just the total amount of money paid to them) covers about one fifth of one percent of their cost.
It’s like having rent at $2,000/month while my job pays $4.69 per month.
They were betting he’d win and just blatant cronyism and corruption would ensue.
So you’re saying if it looks like he’s pulling ahead I should buy tons of stock
Couldn’t happen to a nicer guy.
