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DJT stock hits turbulence: More volatility ahead for Trump's high-flying Truth Social [View all]
from USAToday:
They say the bigger they come, the harder they fall. That reckoning always comes eventually for meme stocks -- and Trump Media & Technology Group appears to be no exception. Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 as Trump fans and opportunistic traders bought up shares. But the price faded late in the session and has bounced along at lower levels ever since, ending Thursday down $4.26 at $61.96.
Its market valuation, just over $8 billion, is still stunning for a social media fledgling with an unproven business model that has struggled to attract users and advertisers, burned through cash and wracked up losses.
Its market valuation, just over $8 billion, is still stunning for a social media fledgling with an unproven business model that has struggled to attract users and advertisers, burned through cash and wracked up losses.
more at:
https://www.usatoday.com/story/money/2024/03/28/truth-social-trump-media-slide/73131957007/
Another scam from the Orange Buffoon. The stock market is full of suckers.
15 replies
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