Trump Media shares plummet 21% days after debut
https://www.reuters.com/markets/us/trumps-media-company-falls-after-raising-going-concern-doubts-2024-04-01/
Trump Media shares plummet 21% days after debut
https://www.reuters.com/markets/us/trumps-media-company-falls-after-raising-going-concern-doubts-2024-04-01/
45 comments
Should be plummeting 121%.
Such is the nature of a pump and dump scheme
Doesn’t matter.
That’s not what it’s for. It’s a money laundry for Russians funneling money legally to trump. All they have to do is buy shares, bumping up the price so tRump can cash out some shares. Nice, legal, and safe. Not to mention secret.
So at what stage is this pump and dump?
The ole Trump N Dump. I think he wrote a book about it.
I’m sure he is already selling off his shares through a proxy while encouraging his legion of idiots to buy buy buy!
Does that equal $175 million?
It’s just a pump and dump scheme. Can we start calling these things for what they are and not be politically correct about it?
The market has spoken.
To the core! 🌍💥🌍💥🌍💥
/r/TrumpAndDump
Mierdas touch.
It got up to damn near 30% earlier today. We are lucky it didn’t recover much.
Is it coincident that Wendy’s comes out of Orange Cream?
*Only* 21%?
Welcome to the world of worthless de-spacs
Several took a bath here
Media platform founded by conman isn’t financially viable, loosing hundreds of
Millions for investors within week of IPO… film at 11:00.
You aren’t supposed to take April Fools literally you dumb dumbs
Who could have seen this coming?
Loosing $58mil on $4mil total revenue definitely works out to a $3bil evaluation. /s
$20 mil evaluation would be generous with those sorts of figures. It would be a penny stock within days for any other business.
That’s some creative mathing. It’s down about 42% since opening day
Trump probably shorted it, since his shares are locked up for 6 months. He did just make a $175 mil bond payment.
Diamond hands, MAGAs! 💎🤲 🚀🌙 BUY! BUY! BUY!
Another Trump scam for money? I can’t believe it!
I imagine Trump fuming watching his billions evaporate. either that or he’s the one selling somehow, illegally.
Anyone on here shorting it?
21%, *so far*
Just sell more bibles
Stock drop continues – in after hours trading it is down a further 4.44% on the spectacularly dropped closing price. It is poised to open tomorrow at $46.50.
The SEC better be watching every last trade of this stock.
Someone explain to me how this wasn’t a money laundering scheme all the way through. Where did they get a multi billion dollar valuation from? And didn’t they work into the deal that Trump somehow owns most of it still or something?
He’s a business man y’all.
You love to see it but not surprised
He’ll go on Truth and complain the stocks are rigged against him and the radical lefts are doing it.
How do I short this?
I’m not in any way a stock market savant, but isn’t it obvious to anyone who stares at their phone daily that trump’s blog is not a place that has generated any desire to join in on the cringe?
Yall think it’s got more room to run? I bought $61 strike puts on Friday…. Thinking I’ll let them go through the week but it’s tempting to cash out now.
Because the company is too woke.
It was way up, so 20% isn’t a surprise. I want to see it fail as much as anyone, but I bet it recovers by the end of the week. SMH
maybe all his followers will pump it up like GameStop
Could this be tied to how he secured his bond?
And I’m sure it’s *just* a coincidence that he used a brokerage account to post his $175M bond.
Pretty sure we can add securities fraud to the pile of things no one has the spine to give him consequences over.
Garbage in garbage out
First you pump, then you dump.
Doesn’t matter made bail