Trump Media shares halted after sudden DJT stock plunge

    https://www.cnbc.com/2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html

    Posted by habu-sr71

    31 Comments

    1. Should be noted that this was after a meteoric rise last week. For those of you not following, the stock is sitting at 26 bucks. Unbelievable, I know.

    2. banditcleaner2 on

      politics aside, this stock is a company that has:

      1. declining user count for truth social

      2. negative profit margin

      3. less yearly revenue then a single krispy kreme franchise store.

      and yet the stock was valued at 7b market cap? LOL okay

      anyone that bought into this stock should get mentally evaluated for regardation

    3. Pretty sure this is just a way to funnel money. Might be some Saudy & Israeli bids in that run up

    4. LifeIsARollerCoaster on

      I saw someone who did a yolo post this morning and thought yeah it’s short time. I only did a small amount but up 20% now. Scam stock

    5. People tell me nobody does Enron like me, not even Enron. It’s truly amazing folks, you know that

    6. imagine fleecing your voters a few weeks from the election, and they’ll still vote for him. Because the cult leader can do no wrong. It was the dirty Dems who shorted DJT.

    7. tokyo_engineer_dad on

      Still laughing my ass off at my brother in law’s brother (not related to me) who dumped a few grand into this shit, telling people it was going to be the next GOOG/AAPL/NVDA/META. I shared a link with him about what a rug pull is, but because he and I are complete polar opposites on the political side, he wasn’t having any of it. He literally JUST asked me about investment advice because my BIL told him about me getting into trading. I told him, “Stick to mutual funds or ETF’s, put a little bit out of each check, retire early.” And he wasn’t having any of that shit.

    8. As I have stated every time I do, DJT goes green, I buy puts. up 35% on my port in 3 months 😀

    9. SpindriftRascal on

      If it’s the namesake selling his shares, it represents *yet another* successful con in which he will have taken money from his most devoted followers. You’ve gotta admire his total commitment.

    10. Really SEC should be involved in this stock. It’s a complete joke. In the same league as meme coins. Anyone that buys this stock as an investment and not swing trading momentum needs to have their head examined.

    11. His musical town hall in PA may have people bailing on him. It was a moment way worse than Biden’s debate.

    12. He likely sold, I would if my $2b turned to 4b in just a few weeks, he doesnt care about the bag holders

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