Sounds overpriced.
It’s lower than when it launched, but is still overvalued by at least 1200%.
Book value per share is around $1.50. However, they don’t make any profit so the actual value of the company is considerably less. In my opinion, not financial advice.
so not only is the stock plummeting, it means the employees there have no confidence in the company whatsoever lol.
Eh, consider selling and diversifying if you’re ever in this situation. (Not working for Trump Media – but an IPO after lockup expires.)
You’re just not beating the S&P 500/Whole Market funds without some luck over the long run. My house has done it, and a handful of my individual stocks have done it.
still you’d think employees at “Truth” social would be the kool aid drinkers all-in on everything trump.
Nah, they’ve seen behind the curtain
Pretty much every dev I know is rooting against their corporate overlords.
I should have shorted it.
I thought about it but decided it wasn’t a good idea to use logic on a stock powered by vibes / fraud. “The market can stay irrational longer than you can stay solvent” and all.
I thought about that. Apparently the short interest was so high they were charging shorts crazy interest rates to borrow it. You’d have to bet on a huge drop in a very short amount of time. I can’t be bothered to look it up but I think it was something crazy like 40-50x a normal rate. One of the only reasons to hold was to charge short sellers interest, for a sane person anyway.
I didn’t realize there was a correct response to my statement, but you just made it.
If I hadn’t been out of work for months, I’d have started an account just to short it. It’s rare to find such a sure bet.
Trump: I’m not selling!
company violently gets it’s shit pushed in
Wait!! Stahp!!!
I bought puts, but at this rate, the company will be bankrupt before the contract expires in January.
“post-lockup” Is this headline from the future?
“Lockup” is an investment term. When a company has an IPO (Initial Public Offering, which is the day they become publically available for stock trades), the big shareholders and company employees who are invested ahead of the IPO are “locked” from selling their shares for a certain number of days. This isn’t required, but most companies having an IPO end up having a lockup period set as well.
In regards to this headline, it just means that the initial investors and big shareholders are now free to sell their shares, which they are apparently doing in droves!
which they are apparently doing in droves!
There was a rather public legal fight earlier with two of the co-founders (not Trump) who were trying to exit and claiming they had the right to do so earlier than the lockup date and that the company wasn’t letting them do so. IIRC, they held about 10% of the company.
I’d assume that they got out or started getting out as soon as possible.
I’m loving the juxtaposition of the headlines:
Harris campaign should just tweet that screen grab.
It sounds like the stock based just on the lockup ending rather than from heavy selling.
Well of course he was going to sell.
“The invisible hand of the market slaps Trump like a bitch. More at 11…”
Yeah babyyyy! All the way to the floor!!!
All the way to the bedrock, then get drilling.
A new record low every day!
Taking everyone to the poor house with him.
🍿🤣
Plummet 100% please.
Pennies on the dollar please.
DJT is down 70% over the past 6 months. Well on its way to 100%, if you ask me.
LET’S GO!!!
Oh that’s beautiful. It’s actually been a pretty good week for tech considering there was a pretty bad couple of days last week.
Trump’s stock is almost the lowest it’s ever been. It’s lower than the IPO price.
