– Former President Donald Trump can now start selling his Truth Social stock after a 6-month “lock-up” period has finally expired. But there’s one problem: His shares are effectively worthless compared to six months ago.
When Trump Media and Technology Group (TMTG) — trading as Trump’s initials, $DJT, on the Nasdaq Composite — launched its initial public offering (IPO) in late March, one share would set an investor back by almost $71. But as of September 20, the stock’s price is in the gutter, trading at just $13.72 per share.
[MarketWatch is reporting](https://www.marketwatch.com/story/trump-media-technology-groups-stock-hits-low-as-insider-stock-sale-ban-lifts-e0d368ab)that the former president is now able to start liquidating some of his stake in his social media company, in accordance with the agreement he signed with the special purpose acquisition company (SPAC) TMTG merged with ahead of its IPO. But his majority stake, which amounts to roughly 57% of in total shares, has been on a precipitous slide since late July, when Vice President Kamala Harris emerged as the surprise Democratic presidential nominee.
According to MarketWatch, the company itself has also been steadily losing money. The publication reported that in the second quarter of 2024, Truth Social posted a net loss of $16.37 million on $837,000 in revenue. And between the second quarter of 2023 to Q2 of this year, the company has experienced $22.8 million in losses on just $1.19 million in revenue.
Trump’s 114.75 million shares in TMTG, which is the parent company of his Truth Social platform, were worth roughly $8.1 billion after the IPO this spring. But given the rapid decline in $DJT stock, those shares are now worth just $1.57 billion. This means the former president’s net worth has dropped by more than $6.5 billion in just the last six months.
The ex-president may have been eyeing the liquidation of some of his stock given that he still owes the State of New York more than $454 million from the civil judgment handed down by Judge Arthur Engoron earlier this year. He also still owes more than $88 million to writer E. Jean Carroll, who won two civil judgments against Trump in 2023 (for sexual abuse) and 2024 (for defamation). But under TMTG’s current share price, that would mean selling off nearly half of his entire stake.
And of course, Trump is still running a nationwide presidential campaign, and is losing badly in the money race to Harris after she broke numerous campaign fundraising records in just a matter of months. If he hopes to beat back Harris’ bombardment of the airwaves in competitive battleground states like Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin, selling some of his shares and putting the money into various super PACs could provide a welcome jolt in the final stretch of the campaign cycle.
Should Trump make such a significant sale of his own stock as the majority owner, it could trigger a massive sell-off by investors who could interpret the former president’s move as a signal that the stock itself is an unreliable asset.
CBS reported Friday that Trump is firmly stating he has “absolutely no intention of selling” any TMTG stock. However, it’s unclear whether other major investors — which include former Apprentice contestants and TMTG executives — are looking to cash in and bail on the stock.
xdemilitiaman on
Get in there and sell, Sell, SELL Mortimer.
barrywalker71 on
Once these asshole insiders start selling, the bagholders are going to lose every penny.
Thoughts and prayers, idiots. Thoughts and prayers.
Wineandbikes on
Couldn’t happen to a nicer guy. 🤔
neverpost4 on
He won’t sell unless he thinks he cannot win the election.
The question is if he wins the election (thanks to y’all dumbasses), then what?
– how high will it go?
Repubs_suck on
Being propped up by outside interests. Nifty vehicle for money laundering.
ChangoLoco23 on
Watch how fast he starts selling the stock. Even though, he said he wouldn’t.
And every idiot out there who bought it will blame Obama or Biden or immigrants or anyone but themselves for being screwed again by a Republican. Worst part is, they know trump was going to rip them off *again*, because they are poorly educated, and can’t help but play the part of Charlie Brown to trump’s Lucy.
Ryno23-Cove23 on
Ha ha
FL_Squirtle on
Yesss push it lower hahaha
Active-Airport-72 on
Serves that wanker right
chockobumlick on
That it’s worth anything is laughable.
I do believe his truth social holding is thd majority of his financial “worth”
woozie88 on
And people out there call him a business man. What the flying Christ ever those imbiceils.
Objective_Ebb6898 on
I’ve heard from some of the greatest people that the Harris campaign might be looking to buy a majority stake by this Monday just so they can remove Trump from his own platform and develop a “new twitter” for the middle class. These were the best people, very smart people who don’t eat the dogs and cats.
PlayCertain on
Another Trump Failure. Now he wants to bring the knowledge and skills of Don Jr., Eric and Barron to crypto. Who giving money to those Stooges?
Any-Ad-446 on
Takes one insider to unload their shares and the house of cards will fall.
cshecks on
MAGA retirements going bye bye!!! These fools just line up to get conned by this guy. They deserve it!
AnalogKid-001 on
“Ha ha! 👉” — Nelson Muntz
Pokerhobo on
Current price is still way too high. Look at their revenue and monthly users which is both declining. All the MAGA who put their life savings into this pile will only have the benefit of carry over losses forever for tax savings, lol.
Particular_Row_8037 on
It’s just another way they can be part of history for the loser. So they should all buy some stock. 🤣
mt8675309 on
Loser keeps on a losing…
KRAW58 on
Hahaha!
Total-Animal-3966 on
It’s a penny stock.
fairfaxgator on
HAHAHA!
RCA2CE on
Volume was up 300% over the daily average today, someone started selling already.
rhyno44 on
No way! This glorified penny stock is still too valuable at 1 buck
stovislove on
The shorts on this!
Secret_Thing7482 on
Well that’s disappointing I thought it would get to less than $1
New_Function_6407 on
Meme stock.
Virtual-Squirrel-725 on
If a stock could personify an individual, this is it.
Completely hollow and devoid of substance, but people invested everything they could in it.
ThePopDaddy on
“Stay poor libs!”
Mba1956 on
The morons who bought this deserve no pity, it is morally wrong for suckers to keep their money.
The other thing to consider here is even if they want to sell who is going to be crazy enough to buy it. Maybe Elon might help his mates out.
It has no future as stock price will continue to go down, it will never make a profit, and Trump will have no use for it in prison.
Terran57 on
What a brilliant businessman!
JMarv615 on
Wonderful news!!
Brokenspokes68 on
Still $13.54 overvalued.
NY_State-a-Mind on
I find it hilarious he hasnt done anything with this company, no youtube channel, no media personalities/podcasts that would at least have ad revenue and keep the company in the spotlight.lol absolutley nothing, its an amazing display of apathy.
lvratto on
If he starts talking up TS at his rallies you will know he is preparing to dump it.
not_a_total_dick on
Hahahahahahahahahahhabahababahababbaba bwahhahah haha fuck you Cheeto and all your idiot followers
PuzzleheadedGift5532 on
It’s only a matter of time before Trump sells and wipes out all the other investors. Trump Media will become a penny stock, and be delisted from NASDAQ. TRump will bank his “winnings” and eff everybody else. It is a similar pattern; use other people’s money to make yourself rich and throw your supporters under the bus, train, tractor trailor, etc.
MrMojoshining on
Good.
Fuck him.
Rockeye7 on
Loser and suckers invested in this shit
Chendo462 on
Add SEC investigating him so. No ethics. No Morals. No Filter.
44 Comments
As per [original article](https://www.alternet.org/trump-truth-social-selling/) 📰:
– Former President Donald Trump can now start selling his Truth Social stock after a 6-month “lock-up” period has finally expired. But there’s one problem: His shares are effectively worthless compared to six months ago.
When Trump Media and Technology Group (TMTG) — trading as Trump’s initials, $DJT, on the Nasdaq Composite — launched its initial public offering (IPO) in late March, one share would set an investor back by almost $71. But as of September 20, the stock’s price is in the gutter, trading at just $13.72 per share.
[MarketWatch is reporting](https://www.marketwatch.com/story/trump-media-technology-groups-stock-hits-low-as-insider-stock-sale-ban-lifts-e0d368ab)that the former president is now able to start liquidating some of his stake in his social media company, in accordance with the agreement he signed with the special purpose acquisition company (SPAC) TMTG merged with ahead of its IPO. But his majority stake, which amounts to roughly 57% of in total shares, has been on a precipitous slide since late July, when Vice President Kamala Harris emerged as the surprise Democratic presidential nominee.
According to MarketWatch, the company itself has also been steadily losing money. The publication reported that in the second quarter of 2024, Truth Social posted a net loss of $16.37 million on $837,000 in revenue. And between the second quarter of 2023 to Q2 of this year, the company has experienced $22.8 million in losses on just $1.19 million in revenue.
Trump’s 114.75 million shares in TMTG, which is the parent company of his Truth Social platform, were worth roughly $8.1 billion after the IPO this spring. But given the rapid decline in $DJT stock, those shares are now worth just $1.57 billion. This means the former president’s net worth has dropped by more than $6.5 billion in just the last six months.
The ex-president may have been eyeing the liquidation of some of his stock given that he still owes the State of New York more than $454 million from the civil judgment handed down by Judge Arthur Engoron earlier this year. He also still owes more than $88 million to writer E. Jean Carroll, who won two civil judgments against Trump in 2023 (for sexual abuse) and 2024 (for defamation). But under TMTG’s current share price, that would mean selling off nearly half of his entire stake.
And of course, Trump is still running a nationwide presidential campaign, and is losing badly in the money race to Harris after she broke numerous campaign fundraising records in just a matter of months. If he hopes to beat back Harris’ bombardment of the airwaves in competitive battleground states like Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin, selling some of his shares and putting the money into various super PACs could provide a welcome jolt in the final stretch of the campaign cycle.
Should Trump make such a significant sale of his own stock as the majority owner, it could trigger a massive sell-off by investors who could interpret the former president’s move as a signal that the stock itself is an unreliable asset.
CBS reported Friday that Trump is firmly stating he has “absolutely no intention of selling” any TMTG stock. However, it’s unclear whether other major investors — which include former Apprentice contestants and TMTG executives — are looking to cash in and bail on the stock.
Get in there and sell, Sell, SELL Mortimer.
Once these asshole insiders start selling, the bagholders are going to lose every penny.
Thoughts and prayers, idiots. Thoughts and prayers.
Couldn’t happen to a nicer guy. 🤔
He won’t sell unless he thinks he cannot win the election.
The question is if he wins the election (thanks to y’all dumbasses), then what?
– how high will it go?
Being propped up by outside interests. Nifty vehicle for money laundering.
Watch how fast he starts selling the stock. Even though, he said he wouldn’t.
It’s prob going to go down to $10 very soon.
It hit a new low of $13.50, and is down 24.6% in 5 days.
[Marketwatch](https://www.marketwatch.com/investing/stock/djt)
And every idiot out there who bought it will blame Obama or Biden or immigrants or anyone but themselves for being screwed again by a Republican. Worst part is, they know trump was going to rip them off *again*, because they are poorly educated, and can’t help but play the part of Charlie Brown to trump’s Lucy.
Ha ha
Yesss push it lower hahaha
Serves that wanker right
That it’s worth anything is laughable.
I do believe his truth social holding is thd majority of his financial “worth”
And people out there call him a business man. What the flying Christ ever those imbiceils.
I’ve heard from some of the greatest people that the Harris campaign might be looking to buy a majority stake by this Monday just so they can remove Trump from his own platform and develop a “new twitter” for the middle class. These were the best people, very smart people who don’t eat the dogs and cats.
Another Trump Failure. Now he wants to bring the knowledge and skills of Don Jr., Eric and Barron to crypto. Who giving money to those Stooges?
Takes one insider to unload their shares and the house of cards will fall.
MAGA retirements going bye bye!!! These fools just line up to get conned by this guy. They deserve it!
“Ha ha! 👉” — Nelson Muntz
Current price is still way too high. Look at their revenue and monthly users which is both declining. All the MAGA who put their life savings into this pile will only have the benefit of carry over losses forever for tax savings, lol.
It’s just another way they can be part of history for the loser. So they should all buy some stock. 🤣
Loser keeps on a losing…
Hahaha!
It’s a penny stock.
HAHAHA!
Volume was up 300% over the daily average today, someone started selling already.
No way! This glorified penny stock is still too valuable at 1 buck
The shorts on this!
Well that’s disappointing I thought it would get to less than $1
Meme stock.
If a stock could personify an individual, this is it.
Completely hollow and devoid of substance, but people invested everything they could in it.
“Stay poor libs!”
The morons who bought this deserve no pity, it is morally wrong for suckers to keep their money.
The other thing to consider here is even if they want to sell who is going to be crazy enough to buy it. Maybe Elon might help his mates out.
It has no future as stock price will continue to go down, it will never make a profit, and Trump will have no use for it in prison.
What a brilliant businessman!
Wonderful news!!
Still $13.54 overvalued.
I find it hilarious he hasnt done anything with this company, no youtube channel, no media personalities/podcasts that would at least have ad revenue and keep the company in the spotlight.lol absolutley nothing, its an amazing display of apathy.
If he starts talking up TS at his rallies you will know he is preparing to dump it.
Hahahahahahahahahahhabahababahababbaba bwahhahah haha fuck you Cheeto and all your idiot followers
It’s only a matter of time before Trump sells and wipes out all the other investors. Trump Media will become a penny stock, and be delisted from NASDAQ. TRump will bank his “winnings” and eff everybody else. It is a similar pattern; use other people’s money to make yourself rich and throw your supporters under the bus, train, tractor trailor, etc.
Good.
Fuck him.
Loser and suckers invested in this shit
Add SEC investigating him so. No ethics. No Morals. No Filter.