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/

32 Comments

  1. reddittorbrigade on

    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.

  2. 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.

  3. 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.

  4. 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?

  5. 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.

  6. Emerald_Eyes_Bayy on

    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.

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

    Maybe it’s the diapers?

  8. This is a [beautiful graph](https://finance.yahoo.com/chart/DJT#eyJsYXlvdXQiOnsiaW50ZXJ2YWwiOiJkYXkiLCJwZXJpb2RpY2l0eSI6MSwidGltZVVuaXQiOm51bGwsImNhbmRsZVdpZHRoIjoxMS45MjA2MzQ5MjA2MzQ5MjEsImZsaXBwZWQiOmZhbHNlLCJ2b2x1bWVVbmRlcmxheSI6ZmFsc2UsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJtb3VudGFpbiIsImV4dGVuZGVkIjpmYWxzZSwibWFya2V0U2Vzc2lvbnMiOnt9LCJhZ2dyZWdhdGlvblR5cGUiOiJvaGxjIiwiY2hhcnRTY2FsZSI6ImxpbmVhciIsInBhbmVscyI6eyJjaGFydCI6eyJwZXJjZW50IjoxLCJkaXNwbGF5IjoiREpUIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJpbmRleCI6MCwieUF4aXMiOnsibmFtZSI6ImNoYXJ0IiwicG9zaXRpb24iOm51bGx9LCJ5YXhpc0xIUyI6W10sInlheGlzUkhTIjpbImNoYXJ0Il19fSwic2V0U3BhbiI6eyJtdWx0aXBsaWVyIjozLCJiYXNlIjoibW9udGgiLCJwZXJpb2RpY2l0eSI6eyJwZXJpb2QiOjEsInRpbWVVbml0IjoiZGF5In0sInNob3dFdmVudHNRdW90ZSI6dHJ1ZSwiZm9yY2VMb2FkIjp0cnVlLCJ1c2VFeGlzdGluZ0RhdGEiOnRydWV9LCJvdXRsaWVycyI6ZmFsc2UsImFuaW1hdGlvbiI6dHJ1ZSwiaGVhZHNVcCI6eyJzdGF0aWMiOnRydWUsImR5bmFtaWMiOmZhbHNlLCJmbG9hdGluZyI6ZmFsc2V9LCJsaW5lV2lkdGgiOjIsImZ1bGxTY3JlZW4iOnRydWUsInN0cmlwZWRCYWNrZ3JvdW5kIjp0cnVlLCJjb2xvciI6IiMwMDgxZjIiLCJzeW1ib2xzIjpbeyJzeW1ib2wiOiJESlQiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiREpUIiwicXVvdGVUeXBlIjoiRVFVSVRZIiwiZXhjaGFuZ2VUaW1lWm9uZSI6IkFtZXJpY2EvTmV3X1lvcmsiLCJwZXJpb2QxIjoxNjg2MTEwNDAwLCJwZXJpb2QyIjoxNzI1NTQxMjAwfSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoiZGF5IiwidGltZVVuaXQiOm51bGwsInNldFNwYW4iOnsibXVsdGlwbGllciI6MywiYmFzZSI6Im1vbnRoIiwicGVyaW9kaWNpdHkiOnsicGVyaW9kIjoxLCJ0aW1lVW5pdCI6ImRheSJ9LCJzaG93RXZlbnRzUXVvdGUiOnRydWUsImZvcmNlTG9hZCI6dHJ1ZSwidXNlRXhpc3RpbmdEYXRhIjp0cnVlfX1dLCJzdHVkeUxlZ2VuZCI6eyJleHBhbmRlZCI6ZmFsc2V9fSwiZXZlbnRzIjp7ImRpdnMiOnRydWUsInNwbGl0cyI6dHJ1ZSwidHJhZGluZ0hvcml6b24iOiJub25lIiwic2lnRGV2RXZlbnRzIjpbXX0sInByZWZlcmVuY2VzIjp7ImN1cnJlbnRQcmljZUxpbmUiOnRydWUsImRpc3BsYXlDcm9zc2hhaXJzV2l0aERyYXdpbmdUb29sIjpmYWxzZSwiZHJhd2luZ3MiOm51bGwsImhpZ2hsaWdodHNSYWRpdXMiOjEwLCJoaWdobGlnaHRzVGFwUmFkaXVzIjozMCwibWFnbmV0IjpmYWxzZSwiaG9yaXpvbnRhbENyb3NzaGFpckZpZWxkIjpudWxsLCJsYWJlbHMiOnRydWUsImxhbmd1YWdlIjpudWxsLCJ0aW1lWm9uZSI6IkFtZXJpY2EvTmV3X1lvcmsiLCJ3aGl0ZXNwYWNlIjo1MCwiem9vbUluU3BlZWQiOm51bGwsInpvb21PdXRTcGVlZCI6bnVsbCwiem9vbUF0Q3VycmVudE1vdXNlUG9zaXRpb24iOmZhbHNlfX0-), 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.”

  9. 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.

  10. Severe_Lock8497 on

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

  11. 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.

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