The Stock of Trump’s Tech Company Is Crashing So Hard It Isn’t Even Funny

https://futurism.com/future-society/stock-trump-media-crashing

Posted by FuturismDotCom

20 comments

  1. Shares of the company that runs Truth Social, Trump Media and Technology Group (TMTG), hit a record low this week. They’re down almost 70 percent since the beginning of the year, and down over 80 percent since hitting a record high following the merger last year during the runup to the election.

    Bloomberg reported recently that TMTG lost a staggering $55 million over the three months ending on September 30, as well as abysmal net sales of less than $1 million over the quarter. And the firm has huge holdings in Bitcoin — which is mired in a brutal bear market at the moment.

  2. What’s not funny about this?

    Besides the open corruption, of course.

  4. Any company that pays Devin Nunes to be its CEO is questionable.

  11. One of his trillionaire buddies will just come in and prop it up.

  15. It doesn’t matter… he’s supposedly already made a few billion this year. Sure, some investors may lose but his corruption is rewarding him generously.

  17. If anything, this is making me laugh harder then when I watched “All’s Fair”

  18. I’m not invested in the stock market. I use my iPhone Stock app for one purpose only: Watching with glee as DJT has continues it downward descent throughout the year.

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