Trump’s cratering Truth Social stock now trading at a near all-time low (msn.com)
Ther stock is absurd as it has no revenue. Short sellers (those who bet stock would fall )are making a fortune.
I have never gone short because you are limited in your gains as stock can only fall to zero but your loses have no limit if stock rises but I was considering shorting this one. But, as Buffet said, do not invest in something you are not an expert in and never regret the fortune you could have made, so I have no regrets
It this was Harris' company it is all Trump would talk about.
Harris never brings it up but I sure would if I was her. I would call it as it is - another Trump scam where investors lose money and more proof that Trump is a bad businessman
" After his 34 felony convictions in late May, his net worth – which is pegged to his 66% ownership of TMTG — plunged by roughly $2 billion over the following weeks. And in the 10 days following Harris' rise, he lost another $800 million in personal wealth between July 21 (when Biden dropped out and endorsed Harris) and August
as the initial public offering (IPO) agreement he signed in March prevented him from liquidating any of his shares for at least six months. However, if the value of $DJT continues to dip between now and September, he may be stuck with the stock until the election. Should he win, the stock's value would likely recover. But a loss would almost certainly render Truth Social's stock to be effectively worthless. "
Ther stock is absurd as it has no revenue. Short sellers (those who bet stock would fall )are making a fortune.
I have never gone short because you are limited in your gains as stock can only fall to zero but your loses have no limit if stock rises but I was considering shorting this one. But, as Buffet said, do not invest in something you are not an expert in and never regret the fortune you could have made, so I have no regrets
It this was Harris' company it is all Trump would talk about.
Harris never brings it up but I sure would if I was her. I would call it as it is - another Trump scam where investors lose money and more proof that Trump is a bad businessman
" After his 34 felony convictions in late May, his net worth – which is pegged to his 66% ownership of TMTG — plunged by roughly $2 billion over the following weeks. And in the 10 days following Harris' rise, he lost another $800 million in personal wealth between July 21 (when Biden dropped out and endorsed Harris) and August
as the initial public offering (IPO) agreement he signed in March prevented him from liquidating any of his shares for at least six months. However, if the value of $DJT continues to dip between now and September, he may be stuck with the stock until the election. Should he win, the stock's value would likely recover. But a loss would almost certainly render Truth Social's stock to be effectively worthless. "
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