Posted on 04/05/2024 12:53:03 PM PDT by Miami Rebel
Trump Media & Technology Group Corp. stock (DJT) fell sharply Friday. Donald Trump has said he’ll prioritize the company’s Truth Social site despite doubts over its future as a social-media platform.
Trump Media shares were down 9.7% at $41.68 in trading Friday. The stock closed down 5.5% at $46.15 on Thursday.
One doubt about the company has been whether Trump will continue to promote the Truth Social platform. While an agreement between him and the company requires him to make any of his personal social-media posts on Truth Social first and wait six hours before posting to Meta Platforms' Facebook, Elon Musk’s X, or elsewhere, the restriction doesn’t apply to political content.
Trump looks to be aiming to dispel those concerns.
“I THINK TRUTH IS AMAZING! First of all, it is very solid, having over $200,000,000 in CASH and ZERO DEBT. More importantly, it is the primary way I get the word out,” Trump posted on Truth Social on Thursday.
(Excerpt) Read more at barrons.com ...
There were rumors he'd start doing that when Musk allowed him back on Twitter, but he never did.
Stocks go up and down!
Who knew?
I’m still holding close to 8k warrants and some additional shares through these ups and downs....it was tempting to sell with all the hype, but I’ll hold and add on these dips. The swings up and down can make ya woozy unless you treat it like an E-ticket ride :)
Who knows I may be able to retire off it in a year or two :)
The next couple of months are going to be telling…and tough.
After 90 days a lot of the lockup stock starts freeing up. That’s going to cause some volatility.
The problem with IPOs is a lot of investors will run for the door as soon as they can. If the numbers are not good for the next quarterly…it could be trouble.
Or Trump can get elected and the whole thing takes off.
Just remember, no one ever went bricked taking a profit.
E ticket. Brings back memories. But if I recall, while thrilling and exhilarating, I don’t recall E ticket rides likely ending in carnage at the end.
I’ve taken a foot bath on DJT but I believe in the brand name.
The business plan is imminent so I think that will open up the floodgates of activity
Do you mean the stock went up during an IPO? And then went down? No way! I like the TruthSocial platform a lot. Give you 1000 characters instead of 280.
many, many a roller coaster accident...rare but happens and then gruesome - one here in upper ohio less than 10 years ago
Down to $40. Next week?
This week.
Today’s close was $40.59 . . .
AT least those NUMBERS are FAAAAAR MORE ACCURATE than BIDEN’S UNEMPLOYMENT/”NEW” JOBS NUMBERS
40 per share is good
I think he will eventually need to get back into X
X has way more people
What is strange... I see things from X or Twitchy, which is based in X, being posted here, but I do not see things from Truth Social being posted here.
I got this email from Truth Social today:
Dear valued Truth Social user,
Your account was inadvertently banned due to a bug in our bot mitigation system that mistakenly identified your account as a bot. We apologize for the error and have fully reinstated your account.
If you’re experiencing issues please log out, close out the app and then log back in upon reopening the app.
Thank you for being part of the Truth Social community. Happy Truthing!
Sincerely,
The Truth Social Team
Continuing its slide, DJT is now down to $32.41.
Trump Media & Technology Group Corp. should make a movie.
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