#WompWomp Trump's media stock dipped to a 52-week low of $12.12 before closing today at $12.15. How low can it go?
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#WompWomp Trump's media stock dipped to a 52-week low of $12.12 before closing today at $12.15. How low can it go?
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Mastodon Migrationreplied to Tom Shafer last edited by
An important number to start watching here is 'share volume'. That's the total number of shares that have been transacted. The average is about 8M, so 8M * $13.00 or approx $100M changing hands. Today was 20M, so about $250M. If Trump was doing all the selling, he could have made $250M. But that's very unlikely. Keep an eye on both price and volume it will tell you a lot about what is going on.
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@TomShafShafer @mastodonmigration Is that a rhetorical question? The answer is zero. It can (and will) go to zero.
This is inevitable, because Trump Media has never done anything but hemorrhage money, mainly funneling it into the pockets of the Trump cronies who make up the board and management. It has no path to profitability.
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Mastodon Migrationreplied to James Gleick last edited by [email protected]
This is correct. It is a scam stock that exists purely to launder money and grift off of his stupid supporters.