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Ladybbird · 06-04-24, 08:34

'Greatest CON EVER' TRUMP Media Stock Plummets AGAIN and ‘On Its Way to Go Lower’

Shares of Donald Trumps’ media company took a MASSIVE hit on Friday as the stock price shed another 12%.

CNBC 6 APR 2024

Since merging last week with Truth Social – the former presidents’ social media platform – Trump Media & Technology Group stock has plummeted.

Since trading began under the ticker symbol “DJT,” a share of Trump Media has dropped from $79.38 to Fridays’ closing price of $40.59.

One glaring issue is Truth Social’s anemic revenue, which was a mere $4.1 million last year. The company lost $58 million over the same period.

During Friday’s edition of Last Call on CNBC, host Brian Sullivan discussed the state of DJT with CNBC contributor Herb Greenberg.

TRUMPs MAGA Supporters LOSE $$ THOUSANDS

“Trump Media – the social media stock – plummeting another 12% today,” Sullivan noted. “Over the last week, it is down more than 34%. Remember, the stock just debuted via [a special purpose acquisition company] merger last Tuesday.”

06-04-24, 08:34	#7
Ladybbird Join Date: Feb 2011 Posts: 47,764 Thanks: 27,672 Thanked 14,458 Times in 10,262 Posts Awards Showcase Total Awards: 8	Greatest CON EVER; DOW DUMPING TRUMP- Stock Plummets AGAIN & Going Lower 'Greatest CON EVER' TRUMP Media Stock Plummets AGAIN and ‘On Its Way to Go Lower’ Shares of Donald Trumps’ media company took a MASSIVE hit on Friday as the stock price shed another 12%. CNBC 6 APR 2024 Since merging last week with Truth Social – the former presidents’ social media platform – Trump Media & Technology Group stock has plummeted. Since trading began under the ticker symbol “DJT,” a share of Trump Media has dropped from $79.38 to Fridays’ closing price of $40.59. One glaring issue is Truth Social’s anemic revenue, which was a mere $4.1 million last year. The company lost $58 million over the same period. During Friday’s edition of Last Call on CNBC, host Brian Sullivan discussed the state of DJT with CNBC contributor Herb Greenberg. TRUMPs MAGA Supporters LOSE $$ THOUSANDS “Trump Media – the social media stock – plummeting another 12% today,” Sullivan noted. “Over the last week, it is down more than 34%. Remember, the stock just debuted via [a special purpose acquisition company] merger last Tuesday.”