Trump Media plummets 10% as post-lockup selloff picks up steam
Trump Media plummets 10% as post-lockup selloff picks up steam
Donald Trump is the majority owner of Trump Media, which owns social media platform Truth Social and trades as DJT on the Nasdaq.
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checks Yahoo Finance
It's lost 29.69% of its value in the last five days.
I'm betting that accelerates.
These reductions are so large it's hard to conceptualise.
There was a peak several months ago of $65. Now they're $13.55 or sth?
Commentators all along have been saying that the values are a proxy for Trump's popularity. If so, things aren't looking good.
They look pretty good from where I'm sitting.
Yeah. The current price is still insanity. I think the underlying value of the company is nil?
Sadly with all the electioneering fuckery Trump still has a good chance of winning.
The 52-week high is just under $80. That would be intra-day though, maybe it never closed above $65.
The Saudis and Russia will shore up the price shortly before mushroomhead starts selling like a banshee, then they'll slurp up all his shares at the ask price. I've thought about call options but I'm not that brave.
That's what people are missing here. It's essentially just a vehicle for anyone to bribe trump nice and easy.
I don’t think Russia’s affording all that much nowadays.. last I heard, they were experiencing liquidity issues trading with China?
Russia has many different rich people in it. Some have more free cash than others, of course. It isn't some monolithic entity.