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Message
So how's that Truth Social going?
Posted on 4/9/24 at 2:25 pm
Posted on 4/9/24 at 2:25 pm
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Donald Trump's Truth Social stock plummeted even further today, after taking a severe beating last week when it dropped from a peak of $79 per share to under $50, it is now circling the drain at $36 per share.
The Trump Media stock is tied directly to the former disgraced President's fortunes, which peaked last week at $5.2 billion and tumbled all the way down to $2 billion.
But Trump is besieged with legal fees because of his own inability to stop defaming E. Jean Carroll, as well as a $464 million dollar judgement against him for fraud.
The fact that the company has a very limited (and shrinking) user base, and only a a couple of million in revenue vs. losses of $58 million is sending investors running for the door.
MAGA!
Donald Trump's Truth Social stock plummeted even further today, after taking a severe beating last week when it dropped from a peak of $79 per share to under $50, it is now circling the drain at $36 per share.
The Trump Media stock is tied directly to the former disgraced President's fortunes, which peaked last week at $5.2 billion and tumbled all the way down to $2 billion.
But Trump is besieged with legal fees because of his own inability to stop defaming E. Jean Carroll, as well as a $464 million dollar judgement against him for fraud.
The fact that the company has a very limited (and shrinking) user base, and only a a couple of million in revenue vs. losses of $58 million is sending investors running for the door.
MAGA!
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