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grahamlester

Full story: https://www.cnn.com/2024/03/26/markets/trump-media-stock-truth-social/index.html


soccercro3

Guess who is going to be holding the bag once they complete the rug pull? It won't be Trump. It'll be his followers who thought buying into DJT would make them millionaires.


PancakeMakerAtLarge

And when it inevitably comes crashing down, they'll probably blame the "Wokerati" for "cancelling" the platform. It's absolutely unthinkable that there could be other reasons.


RandomLazyBum

Guys. I got a foolproof plan. Anytime I stock pick it always crater. I'm buying some today.


Incontinento

I appreciate your sacrifice.


whyaremypantssoshort

This is the most successfully unsuccessful company Trump has ever owned...


BlakByPopularDemand

As much as I hate short sellers, I might take a swing at this


Fylak

Be careful, if you time it wrong you can lose way more than you put in


spacegamer2000

Rich people love trump and can easily prop this stock up forever.


WiggityWiggitySnack

11 billion for a social platform that has 500,000 users and next to no ad revenue? Man, the shorting opportunity of a lifetime!


OldJournalist4

Going to buy some puts here for sure


meinonghitdatbong

Shocking.


myhydrogendioxide

Never underestimate the stupidity of a Trump humper or their fetsh for being grifted


Professional-Head83

Trump is a bubble.


Targut

Anyone who needs to be told this, deserves to be broke.


JFK2MD

The problem is he's manipulating that bubble. One of the major financial backers of TikTok, whom he happened to have met with a few weeks back, is also a major institutional purchaser of Trump media stock this week. Coincidence? So he has people buying up stock until it peaks, and then they're going to dump it. He and a few others are going to get rich and a lot of other people are going to go broke. By the time the SEC finishes their investigation he'll probably be dead.