Trump Media Stock Down 50% Since Former President’s Conviction

https://www.nytimes.com/2024/06/21/business/trump-media-stock-decline.html

31 comments

  1. > Mr. Trump’s roughly 65 percent stake in Trump Media & Technology Group, the parent of Truth Social, was worth roughly $6 billion on May 30, the day a New York jury found him guilty on all 34 charges. On Friday, the value of his 115 million shares of Trump Media had dropped to less than $3 billion.

    And Cheeto Benito can’t sell his shares until late September, here’s hoping for a continued slide.

  3. Important to also note that Tmedia has also resubmitted updated financials that show an even shakier path to revenue.

  5. It’s still way over-valued given their revenue and growth prospects. The puts I’ve bought anticipate $10 or less by September.

  6. Guess the folks artificially propping this up and decided to cash out. The stock has the fundamentals a lead penny.

  7. Doesn’t matter as this is all a means of money laundering anyways

  8. It was down ½ of that before the conviction, but it took a nose dive this week.

  9. Second to actually being behind literal bars, this financial ruin is a pretty nice thing to watch…

  10. Keep on pushing that price down, love to see it. I’m making money while the stock goes down it’s a beautiful thing. MAGA tears + profit? Yes please.

  11. Yes, because streaming nazi propaganda 24/7 is such an awesome business plan.

  12. Still a farce and show of external forces keeping this pumped up that it’s trading for anything over $1. Current net profit margin from a search of “DJT revenue” is -42,517.81%.

  15. The twice impeached, one term, 34x convicted felon, ex president who cheated on his 1st wife with his 2nd wife, cheated on his 2nd wife with his 3rd wife, cheated on his 3rd wife with a porn star who he paid off to keep quiet before the election… that ex-president.

  18. I keep thinking about those old, diehard MAGAs putting all their retirement savings into DJT.

    Will they later vote GOP and be surprised if a GOP Congress effectively kills Social Security?

  19. It’s still valued at 3Bn when it should worth pocket lint.

  20. Has nothing to do with his conviction. It has to do with an idiotic business plan that was conceived by someone who purchased his Business Degree rather than earning it.

    It would be convenient (for Trump) to blame this on his conviction, but in reality, it’s just one more of many reasons he’s a toxic idiot who is not fit for any office, much less THE office.

  22. It’s a scandal and a sad indictment of American capitalism that this travesty was even allowed.

  24. To be fair, it is still much higher than it’s value indicates. There is zero reason it isn’t a penny stock other than possibly money laundering keeping it up.

  25. Plus the only 3 million in revenue in their quarterly report. I am just shocked that it hasn’t gone under yet.

  26. Trump Media stock is just a mechanism for evading campaign contribution laws. So bazillionaires are making up for the decline by throwing insane amounts of money his way. The scorn for these oligarchs is deserved. Not patriots, just selfish pigs. Anyone who votes for Trump is screwing themself.

  28. Is anyone shorting this stock, cause it seems like easy money. FYI I know nothing about stocks

  30. Some Russian oligarch will pump the stock up again. Last time they did it just in time for him to get a large stock award based on the share price being above a certain threshold on a specific date.

    Truth social is the perfect vehicle to funnel money to Trump.

    I think a similar thing is happening with bot subscriptions to Tucker Carlson’svideo streams.

  31. I think it’s actually worthless. I’m not even a bit fluent about stocks but it loses money, a lot of it.

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