– Donald Trump’s Truth Social stock has reached a new low, highlighting just how bad things have gotten for the former president and his media company.
The stock price of Trump Media & Technology Group dropped to $16.98 per share on Wednesday, its lowest rate since it hit the market after it merged with a publicly traded shell company in March, when it was valued at a high of $79.38 per share.
Trump’s majority stake in Trump Media & Technology Group, which is roughly 115 million shares, or a 60 percent stake, was once worth a whopping $6 billion. Now, it’s worth only $2 billion.
Since spiking around July 15—the Republican National Convention—the value of Truth Social stock has steadily declined, following Joe Biden’s withdrawal from the presidential race. Shares of Trump’s media stock have often corresponded with how well investors think Trump’s presidential campaign is going, according to the Times.
Halfway through August, his stock took a dive after he posted on X, Truth Social’s competitor, hitting its lowest rate in months, around $24.60. Even a booming stock market couldn’t rescue Trump’s lame stock, which continued to sink in value.
The stock’s prior low was set late last month, when it hit $19.38 per share. Now, it seems things have gotten even more dire.
Trump’s lowest rate ever comes a little more than two weeks away from September 19, when he and other major investors will finally be able to offload his volatile DJT stock at the end of their “lock-up” period. While Trump has not indicated that he will sell his risky shares, it’s more than likely that everyone else will according to [Forbes](https://www.forbes.com/sites/johntobey/2024/08/17/trump-media-stock-djtsignificant-risks-are-at-hand/).
——
**For any new voters or voters with questions, visit [Vote.org](https://www.vote.org/) to learn everything you need to know about voting.** 🗳️ ✅
Fuck that fucking fucker to the highest of Fuckativity!
Still Too High. it’s value should be closer to $0.00.
It’s value is $0.00, and the sooner it gets there the better.
Ah, the Failing Truth Social…
The world has never seen such a financial disaster like this before.
Its not even worth more a few dollars. No revenue and lost over $250 million the last year
I hope he goes broke.
Why do I feel like Elon about to buy it and fold into Twitter
Hey maybe someone can keep it as a penny stock that’d be funny by all the Trump stock for mere pennies pennies
The stock is virtually worthless right now. Once he sells (you know he will sell the second it’s allowed) the stock will be actually worthless instead of virtually worthless. Penny stock territory.
Everything it touches dies
but it’s still actually worth nothing.
I love this for him.
I love it! The great business man. I hope his minions that were stupid enough to invest their life savings into this fraudster have lost everything.
And many of the top “executives” are selling their shares.
Seeing as only his sheep own this stock, I am totally loving this! 🤣
Why do we all assume someone is going to pay $2 billion for Trump’s shares? It will be instantly worthless.
Wonder what the short interest is🤔
It went down to $20, then down to $18, then under $18 and now under $17. Soon down to $15? And what then? He still can’t sell till the end of the month. Will there be any value left before he dumps out? 😯
Is this another failure by the countries biggest loser ?
Haha! Thanks for the reminder, now I’ve added his stock to my watch list so I can brighten my day(s). 📉
Trumps stock still Worth “ only 2B”.
That’s still way too high. The fundamentals of this company are all upside down.
It should merge with twitter for the lolz
A bomb Just like everything the clowns 🤡 orange hands touch
The only people suffering are his stockholders.
Will somebody teach me how to “short” this stock really quick?
Trump 2024, Race to Zero!
I love you brokers I’m naht broker.
He’s so broke. He owes so much and his legal fees must be crazy. I’m sure he pays people, besides Melania, to keep quiet. He has a financial monitor in place so he can’t be as sneaky as he’s accustomed. He can’t do business in New York. He’s had liquor licenses taken away. He’s continuing to get sued. He can’t get additional loans.
He’s so desperate he constantly grifts by selling things like the suit off his back, Bibles and bobbleheads.
I wouldn’t be surprised if he ends up bankrupt, again. And people will still be so naive as to think he’s a brilliant businessman who will improve the economy.
No complacency. VOTE!
Wait – it has value?!
It’s a meme stock. You can’t derive meaning out of the stock price of actual serious companies, it seems doubly stupid to assume that the price of this turd has any logical meaning.
From what I read is that he can’t sell if it drops under $12 per share by the 20th. Can someone elaborate or correct me if I’m wrong?
I hope anyone involved loses everything.
The company has less revenue (not profit, gross revenue) than a single McDonald’s franchise, but is still being valued at ~3 Billion dollars. There is also simply no market for this platform to grow into. The price is just moving to reflect its actual value. It really should be at something like 5¢ per share to be more accurately priced.
36 comments
As per [original article](https://newrepublic.com/post/185605/donald-trump-stock-value-craters-sign-struggling) 📰:
– Donald Trump’s Truth Social stock has reached a new low, highlighting just how bad things have gotten for the former president and his media company.
The stock price of Trump Media & Technology Group dropped to $16.98 per share on Wednesday, its lowest rate since it hit the market after it merged with a publicly traded shell company in March, when it was valued at a high of $79.38 per share.
Since its stock market debut, the value has dropped more than 70 percent, [The New York Times reported.](https://www.nytimes.com/2024/09/04/business/trump-media-stock-truth-social.html)
Trump’s majority stake in Trump Media & Technology Group, which is roughly 115 million shares, or a 60 percent stake, was once worth a whopping $6 billion. Now, it’s worth only $2 billion.
Since spiking around July 15—the Republican National Convention—the value of Truth Social stock has steadily declined, following Joe Biden’s withdrawal from the presidential race. Shares of Trump’s media stock have often corresponded with how well investors think Trump’s presidential campaign is going, according to the Times.
Halfway through August, his stock took a dive after he posted on X, Truth Social’s competitor, hitting its lowest rate in months, around $24.60. Even a booming stock market couldn’t rescue Trump’s lame stock, which continued to sink in value.
The stock’s prior low was set late last month, when it hit $19.38 per share. Now, it seems things have gotten even more dire.
Trump’s lowest rate ever comes a little more than two weeks away from September 19, when he and other major investors will finally be able to offload his volatile DJT stock at the end of their “lock-up” period. While Trump has not indicated that he will sell his risky shares, it’s more than likely that everyone else will according to [Forbes](https://www.forbes.com/sites/johntobey/2024/08/17/trump-media-stock-djtsignificant-risks-are-at-hand/).
——
**For any new voters or voters with questions, visit [Vote.org](https://www.vote.org/) to learn everything you need to know about voting.** 🗳️ ✅
Fuck that fucking fucker to the highest of Fuckativity!
Still Too High. it’s value should be closer to $0.00.
It’s value is $0.00, and the sooner it gets there the better.
Ah, the Failing Truth Social…
The world has never seen such a financial disaster like this before.
Its not even worth more a few dollars. No revenue and lost over $250 million the last year
I hope he goes broke.
Why do I feel like Elon about to buy it and fold into Twitter
Hey maybe someone can keep it as a penny stock that’d be funny by all the Trump stock for mere pennies pennies
The stock is virtually worthless right now. Once he sells (you know he will sell the second it’s allowed) the stock will be actually worthless instead of virtually worthless. Penny stock territory.
Everything it touches dies
but it’s still actually worth nothing.
I love this for him.
I love it! The great business man. I hope his minions that were stupid enough to invest their life savings into this fraudster have lost everything.
And many of the top “executives” are selling their shares.
Seeing as only his sheep own this stock, I am totally loving this! 🤣
Why do we all assume someone is going to pay $2 billion for Trump’s shares? It will be instantly worthless.
Wonder what the short interest is🤔
It went down to $20, then down to $18, then under $18 and now under $17. Soon down to
$15? And what then? He still can’t sell till the end of the month. Will there be any value left before he dumps out? 😯
Is this another failure by the countries biggest loser ?
Haha! Thanks for the reminder, now I’ve added his stock to my watch list so I can brighten my day(s). 📉
Trumps stock still Worth “ only 2B”.
That’s still way too high. The fundamentals of this company are all upside down.
It should merge with twitter for the lolz
A bomb Just like everything the clowns 🤡 orange hands touch
The only people suffering are his stockholders.
Will somebody teach me how to “short” this stock really quick?
Trump 2024, Race to Zero!
I love you brokers I’m naht broker.
He’s so broke. He owes so much and his legal fees must be crazy. I’m sure he pays people, besides Melania, to keep quiet. He has a financial monitor in place so he can’t be as sneaky as he’s accustomed. He can’t do business in New York. He’s had liquor licenses taken away. He’s continuing to get sued. He can’t get additional loans.
He’s so desperate he constantly grifts by selling things like the suit off his back, Bibles and bobbleheads.
I wouldn’t be surprised if he ends up bankrupt, again. And people will still be so naive as to think he’s a brilliant businessman who will improve the economy.
No complacency. VOTE!
Wait – it has value?!
It’s a meme stock. You can’t derive meaning out of the stock price of actual serious companies, it seems doubly stupid to assume that the price of this turd has any logical meaning.
From what I read is that he can’t sell if it drops under $12 per share by the 20th. Can someone elaborate or correct me if I’m wrong?
I hope anyone involved loses everything.
The company has less revenue (not profit, gross revenue) than a single McDonald’s franchise, but is still being valued at ~3 Billion dollars. There is also simply no market for this platform to grow into. The price is just moving to reflect its actual value. It really should be at something like 5¢ per share to be more accurately priced.