The company behind former President Donald Trump’s social media network Truth Social saw the value of its shares fall as much as 4% Tuesday to a new low of $21.33. In less than five months, Trump Media’s shares have plunged roughly 63%, giving the company a market capitalization of $4.29 billion.
After years of delays, Trump Media debuted on the Nasdaq under the ticker DJT on March 26 upon completing its merger with Digital World Acquisition Corp., a special purpose acquisition company, or SPAC.
Since then, its stock has been especially volatile, fluctuating wildly from day to day and adding — or cutting — billions from the company’s market value. Trump Media stock has been labeled a “meme stock,” like GameStop, AMC, and Reddit, because of the way its shares are traded largely on sentiment rather than the company’s actual operating results or prospects.
At the height of the hype just after its debut, Trump Media had a market value of roughly $8 billion — almost double what it is today.
In recent months, Trump Media has fluctuated wildly based on its ties to the former president and Republican presidential nominee, who is a majority shareholder in the company. The stock spiked and sunk on the conviction in his New York hush money trial and his debate performance against President Joe Biden in June, as well as last month’s assassination attempt at a campaign rally in Pennsylvania.
But shares have been trending downwards for the last several weeks since the company reported a $16.4 million net loss and a 30% drop in revenue in the second quarter.
They continued to free fall Monday, as the Democratic National Convention kicked off in Chicago, with Vice President Kamala Harris set to formally accept the party’s presidential nomination on Thursday. Shares closed at $22.24 Monday.
It’s ridiculous that it still has a market cap of over 4 billion. It should be zero.
Would be great to see that delisted.
How do I bet against a stock?
since it’s factually worth nothing – still doing well.
No no, you see when it’s down, it’s Biden and Kamala’s fault, it’s only Trumps economy and stock market when it’s up. /s
Love it.
Not low enough.
Dive! Dive!
GO BABY GO……LOOOOWWWWER…….LOOOOOOOOOWWWWWWWWER. don’t stop till you hear his head pop
It was a pump and dump from day 1. His rubes have no bottom they can’t hit before getting scammed again.
still way over valued at this price
Good. I hope everyone that bought it loses their shirt.
This will probably be under $20 by the end of the week..I saw something about Trump being cleared to sell his shares next month and if he sells off a lot that will probably tank the share price even more. I’m curious to see where this stock is at the end of the year…🤔
Reminds me of an old schoolyard joke
One kid says to another: “repeat these words!”
• Whale
• Oil
• Beef
• Hooked
Everyone should be selling now. As soon as Trump can dump his stocks it’s going to be worthless.
They claimed to be competition for Twitter and Facebook.
FB and Twitter bring in 300 to 400 million a quarter in ad revenue. According to their filings Trunth Cential (as DJT slurs it) brought in 40 million in 2023. That is not competitive.
Can I make money off this ?
It’s the suckers who bought the stock that’s gonna be left holding the bag. Trump will be counting the money he drained out of the company.💰🤑
This is more beautiful than the entire American economy.
This is the guy who wants to run your economy, America 💸
Should I buy the dip?
Yeah and he hasn’t even had the chance to cash out yet… his MAGAts are gonna lose a lot of money lol. Fucking weirdo’s
They’ll sink even lower when he dumps all his shares. They don’t call him Donal Dump for nothing.
To be fair, after a few initial surges it has been a long, steady decline. That’s not really a “plunge”, which implies a quick drop.
No complacency. VOTE!
Loser
Lol
The stock is only based on one users content, who shares the craziest posts that generate no revenue. So……how is it even worth $1?
Just wait until Fatso dumps his shares.
Dope. Keep it going lower. Let’s hit zero!
Yet the s&p goes up, up, up
Next time this POS tries to take credit for a booming market, please cite his own stock plummet
Not low enough. While I’d love it to go to zero, realistically to me it’s probably 10x more expensive than it should be. As I understand it the company somehow has like 344m in cash, but they more or less have no revenue are also bleeding cash on at a significant rate. This company valuation should be its cash/cash equivalents and nothing more.
if he loses this election I think he’s basically done, and I think the gop has to move on. Nobody will then care about his truth social late night ranting. His company will continue to bleed cash and continue to generate no revenue or growth. I bet his cashes out while he can before it completely tanks at his first chance to sell to scam what he can from his supporters. He owns a lot of stock, so his selling is going to further drive the price down. Once it’s public that he sold, the optics of him abandoning his company probably going to further trigger more of a selloff. Election loss will put the nail in the coffin.
STOCK JUST GOT TEN DOLLARS LOWER!
It’s a meme stock. It has a market cap of $4B with only $4m in revenue.
And yet 45% of the nation will vote for him because “he’s a great businessman”
I wish I had shorted that stock. Still time I think.
lets get it down to a penny stock so the bootstraps crowd can pull theirs up.
Another Trump success like Trump steaks, trump university, the Taj Mahal, and the USFL. Trump is the best businessman ( for me to poop on!)
40 comments
Is he sick of all this winning yet? Lol.
As per [original article](https://qz.com/trump-media-stock-djt-low-market-cap-shares-1851626984) 📰:
– Trump Media & Technology Group stock hit another post-merger low on Tuesday, extending its decline for a [second consecutive day of all-time lows](https://qz.com/trump-media-djt-stock-dnc-1851626021).
The company behind former President Donald Trump’s social media network Truth Social saw the value of its shares fall as much as 4% Tuesday to a new low of $21.33. In less than five months, Trump Media’s shares have plunged roughly 63%, giving the company a market capitalization of $4.29 billion.
After years of delays, Trump Media debuted on the Nasdaq under the ticker DJT on March 26 upon completing its merger with Digital World Acquisition Corp., a special purpose acquisition company, or SPAC.
Since then, its stock has been especially volatile, fluctuating wildly from day to day and adding — or cutting — billions from the company’s market value. Trump Media stock has been labeled a “meme stock,” like GameStop, AMC, and Reddit, because of the way its shares are traded largely on sentiment rather than the company’s actual operating results or prospects.
At the height of the hype just after its debut, Trump Media had a market value of roughly $8 billion — almost double what it is today.
In recent months, Trump Media has fluctuated wildly based on its ties to the former president and Republican presidential nominee, who is a majority shareholder in the company. The stock spiked and sunk on the conviction in his New York hush money trial and his debate performance against President Joe Biden in June, as well as last month’s assassination attempt at a campaign rally in Pennsylvania.
But shares have been trending downwards for the last several weeks since the company reported a $16.4 million net loss and a 30% drop in revenue in the second quarter.
They continued to free fall Monday, as the Democratic National Convention kicked off in Chicago, with Vice President Kamala Harris set to formally accept the party’s presidential nomination on Thursday. Shares closed at $22.24 Monday.
It’s ridiculous that it still has a market cap of over 4 billion. It should be zero.
Would be great to see that delisted.
How do I bet against a stock?
since it’s factually worth nothing – still doing well.
No no, you see when it’s down, it’s Biden and Kamala’s fault, it’s only Trumps economy and stock market when it’s up. /s
Love it.
Not low enough.
Dive! Dive!
GO BABY GO……LOOOOWWWWER…….LOOOOOOOOOWWWWWWWWER. don’t stop till you hear his head pop
It was a pump and dump from day 1. His rubes have no bottom they can’t hit before getting scammed again.
still way over valued at this price
Good. I hope everyone that bought it loses their shirt.
This will probably be under $20 by the end of the week..I saw something about Trump being cleared to sell his shares next month and if he sells off a lot that will probably tank the share price even more. I’m curious to see where this stock is at the end of the year…🤔
Reminds me of an old schoolyard joke
One kid says to another: “repeat these words!”
• Whale
• Oil
• Beef
• Hooked
Everyone should be selling now. As soon as Trump can dump his stocks it’s going to be worthless.
They claimed to be competition for Twitter and Facebook.
FB and Twitter bring in 300 to 400 million a quarter in ad revenue. According to their filings Trunth Cential (as DJT slurs it) brought in 40 million in 2023. That is not competitive.
Can I make money off this ?
It’s the suckers who bought the stock that’s gonna be left holding the bag. Trump will be counting the money he drained out of the company.💰🤑
This is more beautiful than the entire American economy.
This is the guy who wants to run your economy, America 💸
Should I buy the dip?
Yeah and he hasn’t even had the chance to cash out yet… his MAGAts are gonna lose a lot of money lol. Fucking weirdo’s
They’ll sink even lower when he dumps all his shares. They don’t call him Donal Dump for nothing.
To be fair, after a few initial surges it has been a long, steady decline. That’s not really a “plunge”, which implies a quick drop.
No complacency. VOTE!
Loser
Lol
The stock is only based on one users content, who shares the craziest posts that generate no revenue. So……how is it even worth $1?
Just wait until Fatso dumps his shares.
Dope. Keep it going lower. Let’s hit zero!
Yet the s&p goes up, up, up
Next time this POS tries to take credit for a booming market, please cite his own stock plummet
Not low enough. While I’d love it to go to zero, realistically to me it’s probably 10x more expensive than it should be. As I understand it the company somehow has like 344m in cash, but they more or less have no revenue are also bleeding cash on at a significant rate. This company valuation should be its cash/cash equivalents and nothing more.
if he loses this election I think he’s basically done, and I think the gop has to move on. Nobody will then care about his truth social late night ranting. His company will continue to bleed cash and continue to generate no revenue or growth. I bet his cashes out while he can before it completely tanks at his first chance to sell to scam what he can from his supporters. He owns a lot of stock, so his selling is going to further drive the price down. Once it’s public that he sold, the optics of him abandoning his company probably going to further trigger more of a selloff. Election loss will put the nail in the coffin.
STOCK JUST GOT TEN DOLLARS LOWER!
It’s a meme stock. It has a market cap of $4B with only $4m in revenue.
And yet 45% of the nation will vote for him because “he’s a great businessman”
I wish I had shorted that stock. Still time I think.
lets get it down to a penny stock so the bootstraps crowd can pull theirs up.
Another Trump success like Trump steaks, trump university, the Taj Mahal, and the USFL. Trump is the best businessman ( for me to poop on!)