Donald Trump has lost $4 billion in wealth amid bumpy ride for Trump Media & Technology Group

https://www.cbsnews.com/news/trump-djt-stock-trump-media-technology-group-truth-social/

47 comments

  4. The odd thing is, he is more trusted than Harris when it comes to economy.

    I don’t know if a lot of people are inherently stupid.

  7. Man, I probably don’t even have 4 billion to lose

  8. Bumpy ride? It looks like a smooth glide path to liquidation.

  9. It did what it needed to do. The “truth” social IPO was a grift to increase his wealth by enough that banks would give him a loan so he could delay paying the 250 mil~ he owes the state of NY.

    Everybody involved could go bankrupt for all he cares.

  10. He lost 4b on paper. This like everything else with Trump is just vapour. All exaggerations and little of any real value.

    Fake. Just like him.

  11. for someone who is born with a diamond spoon, notoriously famous for cheating people all his life, abused the fk out of the presidency and sold it to the highest bidders, sold classified documents, embezzled federal resources during covid through a network of shell companies, has a whole army of morons buying his scams, he is much poorer than he is supposed to be.

    he must have an offshore account somewhere to show for all of it right?

  13. The whole point of going public with $DJT was to funnel money from his poor followers to him, which is not something that a very rich dude not in desperate need of cash would do.

  14. There are two kinds of people buying this stock: his typical rubes who fanboy for everything big orange sells. And the foreign and domestic big money donors who are going to use it as leverage on the potential next president. Group one can be ignored but group two is a huge massive red flag. This is exactly why we have clauses requiring politicians to divest their business interest and the fact it wasn’t enforced the first time is coming back to bite out country in the ass yet again.

  15. It’s almost like the second rate con man isn’t a good businessman.

    Maybe it’s the diapers?

  16. Someone should add up how much he’s lost since daddy gave him $600 million.

  18. This is a [beautiful graph](https://finance.yahoo.com/chart/DJT#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-), the most beautiful graph. People come up to me with tears in their eyes and say “sir, this is the most beautiful graph I’ve every seen.”

  19. There is a reason this stock was shorted to hell and back.

    Its is as close to a sure bet as you can hope for in the stock market.

    Brainwashed MAGA retail investors are being robbed blind.

  20. The real headline: Trump supporters lost billions investing in $djt. There fkn fixed it.

  21. Did he even put a dime in? How is the company worth anything? It bleeds money with no prospect of turning a profit.

  22. He didn’t “lose” shit. He was *given* over 114M shares of DJT. If he’s able to sell those at $0.01 each, he still has *made* over $1.14M. Every penny is scammed from some rube or a bribe from a foreign power.

  25. Don’t let these headlines about the stock price falling fool you with regards to how much he’s ‘lost’. He paid nothing for his shares so any amount he gets when he sells them is free money.

    He won’t have has much at these price levels as he would have if he were allowed to sell back in March, but every cent he gets when he sells is a gain. He has like 100m shares or something stupid like that. And for some reason there was an agreement that he’d get 36 million if DWAC was above $17.50 for several days. He nominally got billions for literally nothing except having his name on the company ticker.

    It’s all been a scam from the beginning. Even if he sells at these levels it’s gonna be more than $200m of entirely unearned money. The SEC and FEC are going to be very curious on who is putting the buy orders, but if you thought the wheels of justice move slowly with Trump…..the SEC might be worse.

  27. I’ve said it before, and I’ll say it again. Donald Trump is a terrible businessman. Maybe the worst businessman in the history of business. Lots of people are saying it.

    Here’s a quick list of DonOld Dump’s failed businesses in case anyone was unclear on exactly how bad of a businessman he really is. Bottom line, if anyone puts any money in his control, they are fools and deserve to lose every single penny.

    * Trump University (2004-2010)
    * Trump: The Game (1989, 2005)
    * Trump Vodka (2006-2011)
    * Trump Airlines (1989-1992)
    * Trump Steaks (2007)
    * GoTrump.com (2006-2007)
    * Trump Mortgages (2006-2007)
    * Trump Ice (2004-2010)
    * Trump Magazine (2007-2009)
    * Trump Tower Tampa (2006-2007)
    * Trump SoHo Hotel (2008-2017)
    * Trump Taj Mahal (1990-2016)
    * Trump Marina – originally Trump’s Castle (1985-2011)
    * Trump’s World Fair at Trump Plaza (1996-1999)
    * Trump Baku Hotel (Never opened)
    * Trump Plaza Hotel and Casino (1984-2014)
    * Trump International Hotel and Tower Dubai (Never realized)
    * Trump International Hotel and Tower New Orleans (Never realized)
    * Trump Tower Palm Beach (Never realized)
    * Trump Tower Charlotte (Never realized)
    * Trump Institute (unclear)
    * Trump Foundation (Fraudulent Charity) (1988-2018)
    * Trump Cologne (2004-2015)
    * Truth Social (2021-currently underwater)

  28. This was always to be the outcome. They completely copied twitter and twitter itself can’t make a profit so there was no way this stock was going to do anything more than plunder into the abyss.

  30. It was a sham stock to begin with. The market cap should be in the tens of millions not billions range.

  31. Probably just another Trump enterprise that goes bankrupt without touching Trump

  32. He could have quietly been a rich person, but no, he wanted more

  33. I’m following that stock for purely schadenfreude reasons.

  37. He’s gonna try to get it back on day one along with that dictator thing

  39. More than likely he has been selling whatever he’s allowed to

  40. But is it really wealth if it is in stock that was grossly and possibly criminally inflated?

  41. “Bumpy ride” lol whatever little value it still has when his lockout period ends later this month is going to evaporate when he tries to dump his shares on the open market. They will only be worth what buyers are willing to pay for them which, by then is going to be … not much if anything.

  42. Unlike other social media giants Truth Social is so closely tied to trump and his personality. Without him, I suspect it would attract way fewer followers. I don’t think it has a great future and would never invest in it for that reason.

  44. I love telling my MAGA friends that Taylor Swift is now richer than Donald Trump, made all her money herself and didn’t inherent any of it, never declared bankruptcy, and was never impeached.

    The reactions are priceless.

  45. Looks like another negative slope with out much of a bumpy ride into the land of trump business history.

  46. As much of a bastard Fred Trump was, I imagine he’s looking up at his useless spawn and shaking his head in shame. This motherfucker Trump is incompetence personified.

  47. He lost 4 billion of other people’s money you mean

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