trump media shares down 21%

That did not take long.
he is onto another loser, as are all who bought his junk shares.

............ Trump Media lost nearly $60m in 2023, while bringing in only about $4m in revenue from advertising, according to its latest financial update, which also warned of "substantial doubt" about its ability to continue as a business. .............

https://www.bbc.com/news/business-68716628

trump is the majority holder of his company that is about him, for him.
he can't sell the shares for 6 months by law. he can't sell them anyway as there are no buyers.
No buyers and a big motivated seller, laws of supply and demand say it is going down, take your money now.


https://edition.cnn.com/markets/stocks/DJT
net income down 200%, free cash flow down 700%, debt to equity up 85%.
It is a liability, not an asset
Would you buy it?

He might have to declare bankruptcy before the election lol

I just looked at the NASDAQ DJT is about where it should be after a quick buy on a merger. When the stock goes to zero than you all can get giddy but right now it right around it's break out point so pulling back like that is normal.

I just learn that the first day of trading DJT was so high that trading was suspended for a time. That too is normal.

DJT ended today around $48.

Closed today at $40.60

QuaseMarco wrote:Closed today at $40.60

the 'coy' has no income, trump wants to dilute the shares. They will be unsaleable.
It's junk stock.

This is the sort of financial news I relate to.
It's a serious read, factual, cautious.

https://www.forbes.com/sites/joelshulman/2024/04/05/trump-media-djt-stock-is-extremely-overpriced-but-too-risky-to-short/?sh=2d658d9a2456

Don't buy any then Sprint.  

Forbes never has nor never will be favorable to anything "Trump" but thats something that Sprint can relate to . The truth of the matter is that Trump is and always will be financially successful and that is something that irritates the crap out of his enemies . When spewing lies about golden showers and molesting women at Burger King and Macys and Russia Russia contrived stories from the CIA and Clinton can't bring him down but , instead , bolsters his followers than the opposition should think about calling it a day because they lost and they lost it before they began . Stupidity is very hard to admit if you're stupid .