Trump’s media stock plunges after posting a big loss for 2023

https://www.cnn.com/2024/04/01/media/truth-social-trump-media-stock-losses/index.html

by Pasivite

5 comments
  1. >*” The losses are so severe that Trump Media’s accountants warned they “raise substantial doubt about its ability to continue as a going concern,” which is Wall Street for: We may not be able to stay in business.”*

    This always felt like it was made for Trump to “Pump & Dump”, so just another grift by trying to manufacture a meme stock. It never was a viable business

  2. I am wondering if they can make money now by shorting the stock. 

    Also really strange how r/WallStreetBets pumped that stock… 

  3. this was a combination scam.

    Pump and dump by those in the right-wing propaganda machine

    A way for money from foreign entities to give money to Trump without getting caught

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