Trump Media shares halted after sudden DJT stock plunge

Source: 24identity

40 Comments

  1. Hopefully it’s because Trump got some early voting news that makes him think that he needs to cash out before the election.

  2. Basic_Mongoose_7329 on

    Watch the Predictive Markets are going to do the same thing to Trump

    EDIT: yep, Predictit is already +2 for Harris and -1 for Trump

  3. I thought for sure they would run the pump all week but apparently DJT just does not have the stamina. Sad. Low energy. Anyway…

  4. Lol. Total pump and dump again. We could all see it coming. Those MAGAts are going to be in serious debt if they climbed aboard again a couple days ago.

  5. Somerset-Sweet on

    The price of put options on DJT have been insane since the beginning. The market has been betting hard on the stock going down down down.

    Everyone knows the company doesn’t make any money, won’t ever make significant money, and Trump has millions of shares he can liquidate.

    The stock exists as a way to give Trump money without actually giving it to him.

    The only questions are, when does he liquidate, and how many MAGA faithful are going to be left holding the bag?

  6. I bet he’s shitting his pants right about now. He’s probably upset about his stock tanking, too.

  7. SidewaysFancyPrance on

    It dropped by like 10%? It should have dropped 90% to be closer to fair market value. They halted an overdue correction.

    This stock should be volatile/risky and have a chance to plummet to near-zero value, based on the financials. Stopping it at 27 is propping it up.

  8. 2_Sheds_Jackson on

    Can we start a rumor that Trump has been hospitalized?   It would be fun to watch the stock react.

  9. Scoobysnax1976 on

    I was wondering this morning what caused the 100% gain that the stock has seen in the last two weeks. Yahoo Financial has an article stating that it is caused by the “election odds changing in Trumps favor”. Wonder what they will blame for the sudden drop?

  10. So many politicians hedge their position during/after their term for financial gain. He’s the first I’ve seen get worse off after being president. Excellent business man my ass.

  11. yosarian_reddit on

    CNBC quoting polymarket’s numbers like it’s not partly owned by Peter Thiel, the guy who literally owns JD Vance. Polymarket is worthless as a predictor of actual results, it just tells us what some crypto bros and compulsive gamblers think, neither group is known for wisdom.

  12. I always look at the stock price when these articles are posted and I’m always disappointed.

    DJT is down 15% today. But it’s still up 50% over 1 month and up 23% over the last 5 days.

  13. There was a pump that probably drew in many of his filth to spend their cash and someone cashed out. It’s funny.

  14. I just checked it. How the fuck did it go from less than $13 (which even at that is grossly overvalued) just 3.5 weeks ago to $26 today even after the drop? Pretty much all of the co-founders have sold out. Dead cat bounce? Money Laundering? Pump and Dump? Short squeeze?

  15. Designer_Buy_1650 on

    No doubt news of his “music” debut caused this. We’re all joking about it, but it’s going to be a huge issue going forward.

  16. Note:

    These “limit up / limit down” halts to single stock trades are automatic, universal, and mandated by the SEC on all exchanges. No human being made this decision, it was automatic regulatory compliance for NASDAQ.

    The same thing happened almost exactly a month ago on a huge UPWARD swing, and Trump got big mad and blamed the deep state and stuff. It will be interesting to seem him do the same thing now that the same automatic mechanism stopped a huge selloff. (He won’t.)

  17. Trump selling, anti American forces buying (i.e. putting money into his campaign by this roundabout way they found that circumvents the regulations for foreign powers influencing U.S. elections)

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