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Trump Media/Truth Social and DWAC merge under the new ticker DJT...

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Mar 25, 2024.

  1. PacificBlueGator

    PacificBlueGator All American

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    Amazing how Trump is able to separate people from their money over and over again. Reading MAGA comments on TH, there is never acknowledgement of his fraudulent business practices, criminal indictments and history of corruption. He's got em right where he wants them.
     
  2. ursidman

    ursidman VIP Member

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    Yep. Its also an end around of campaign finance laws and limits particularly the foreign countries part.
     
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  3. citygator

    citygator VIP Member

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    Trump stock is now under 18. Matt Gaetz suddenly is interested.
     
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  4. oragator1

    oragator1 Premium Member

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    It’s leveled out today, not shocking after losing like 13 percent the last two days. We will see if it sticks.
     
  5. ursidman

    ursidman VIP Member

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    Genius businessman misses projection by 99.9%. His cult wants him to run a country like he runs his business.

     
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  6. SotaGator

    SotaGator Junior

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    Share price closed today at $17.10. Let the investors chew on that this weekend.
     
  7. PITBOSS

    PITBOSS GC Hall of Fame

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    Lots of maga with modest savings lost a lot of money on this.
     
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  8. oragator1

    oragator1 Premium Member

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    Down 16 percent right now,
     
  9. citygator

    citygator VIP Member

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    Trump Media shares plunge after Harris debate (cnbc.com)

    • The stock price of Trump Media plunged at the opening bell to its lowest intraday level since the company began publicly trading as DJT on the Nasdaq.
    • DJT shares dropped a day after former President Donald Trump faced Vice President Kamala Harris in a presidential debate hosted by ABC News.
    • The company, which owns the Truth Social app, had seen its share price surge before the debate.
     
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  10. pkaib01

    pkaib01 GC Hall of Fame

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    Lovely
     
  11. mdgator05

    mdgator05 Premium Member

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    Almost as if the thing is just a proxy for government corruption for Trump.
     
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  12. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Exactly. It seems to track with Trumps chances of taking office instead of the company financials. I wonder what their investors hope to get out of it.
     
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  13. citygator

    citygator VIP Member

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  14. oragator1

    oragator1 Premium Member

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    Trump promised today not to sell when his shares are eligible later this month. And like always, his fan club took him at his word and the stock took off today because fear of him flooding the market with his shares to raise cash had been a big driver of the fall.
    So it might have hit a trading curb, or someone might have been trying to corner the stock (at this price it’s doable for a billionaire), or some other weird pattern.
     
  15. enviroGator

    enviroGator GC Hall of Fame

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    I heard the price jumped up because Trump said he was going to not sell his stock (yeah, right.... hint guys ... his lips were moving when he said it).

    Would be very interesting to learn if there was not some insider trading going on there. Tell your buddies you are going to say that, let them buy on the cheap, say that ... let them sell.
     
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  16. WarDamnGator

    WarDamnGator GC Hall of Fame

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    The Stock Market has had "circuit breakers" since 1987 to temporarily halt trading when the moves exceed a threshold. How does Trump not know this?
     
  17. BLING

    BLING GC Hall of Fame

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    Pretty sure it would be illegal to do that (promise to NOT sell stock, causing shares to react, then proceed to sell). No way Mr. Law and order would ever do something so clearly fraudulent.

    [​IMG]
     
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  18. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    GROSS...
     
  19. G8trGr8t

    G8trGr8t Premium Member

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    He didn't say for how long he wouldn't sell. He didn't sell that day so ...
     
  20. mikemcd810

    mikemcd810 Premium Member

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    He's not worried either way since in his narcissistic mind there's a 100% chance he'll win the election and there wouldn't be enough time for the SEC to prosecute him before he assumes office and puts his personal stooge in charge of the SEC.