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Trump poised to clinch $1.3 billion social media company stock award
> #DonaldTrump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app #TruthSocial, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.
https://www.reuters.com/technology/trump-poised-clinch-13-billion-social-media-company-stock-award-2024-04-23/ #SocialMedia #election2024 #GOP
“Issue more common stock” = Soak the rubes one more time on the way to the inevitable bankruptcy.
The #SEC should not allow this.
Trump Media shares plunge 13% after company files to issue additional DJT stock
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.Kevin Breuninger (CNBC)
@mentallyalex
#TFG's #UntrueAsocial collapsing?
Good.
This is what happens if you buy junk stock--any meaning implied.
https://mastodon.social/@shoq/112259665593770263
Sell Trump Media Stock (DJT) Now - Implosion Likely“Important: Donald Trump, as the controlling shareholder, can ask his selected board members for permission to sell before the normal 6-month waiting period.
The bottom line: Protect your capital by selling now
Sell Trump Media Stock (DJT) Now - An Implosion Is Likely
Avoid the potential waterfallJohn S. Tobey (Forbes)
"Donald Trump's stock has lost more than half its value since going public"
https://www.newsweek.com/donald-trump-stock-value-truth-social-1889254
"The value of shares in Trump Media & Technology Group (TMTG), which owns Truth Social, is declining."
#GOP #Trump #TMTG #Truthsocial #socialmedia #stock #market #wallst
Donald Trump's Stock Has Lost More Than Half Its Value Since Going Public
The value of shares in Trump Media & Technology Group (TMTG), which owns Truth Social, is declining.Kate Plummer (Newsweek)
"Trump's Truth Social has already lost its stock shine"
https://www.axios.com/2024/04/09/trump-truth-social-stock
#GOP #Trump #TruthSocial #stock #market
...coming soon to a theater near you:
#trump #truthsocial #stockmarket #shares #socialmedia
“Before former President Donald J. Trump’s social media company made its stock market debut, many investors were lining up to bet on its collapse. After the company’s share price plunged following an initial surge, the appetite to bet against the stock has grown even more ravenous.
Trump Media & Technology Group, which trades under the ticker DJT, slipped on Wednesday to below $50 per share, extending a steep decline this week that pulled the stock down from its high near $80 and erased more than $2 billion of market value.”
https://www.nytimes.com/2024/04/03/business/trump-media-short-selling.html
OMG. This is just too good to be true!
https://mastodon.social/@superflyweight/112203509696213654
Trump is suing his #TruthSocial partners for whatever circus peanuts are left after his stock slid in value!
Thank you, @superflyweight! 😂 😂
Superflyweight (@superflyweight@mastodon.social)
45 isn't spending enough time in court these days, apparently. Now he's suing his partners at Truth Social so he can keep more of whatever peanuts it winds up being worth. #trump #TruthSocial https://finance.yahoo.Mastodon
