checks Yahoo Finance
It's lost 29.69% of its value in the last five days.
this post was submitted on 23 Sep 2024
348 points (97.5% liked)
News
38357 readers
3002 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 3 years ago
MODERATORS
I'm betting that accelerates.
These reductions are so large it's hard to conceptualise.
There was a peak several months ago of $65. Now they're $13.55 or sth?
Commentators all along have been saying that the values are a proxy for Trump's popularity. If so, things aren't looking good.
They look pretty good from where I'm sitting.
Yeah. The current price is still insanity. I think the underlying value of the company is nil?
Sadly with all the electioneering fuckery Trump still has a good chance of winning.
The 52-week high is just under $80. That would be intra-day though, maybe it never closed above $65.
The Saudis and Russia will shore up the price shortly before mushroomhead starts selling like a banshee, then they'll slurp up all his shares at the ask price. I've thought about call options but I'm not that brave.
That's what people are missing here. It's essentially just a vehicle for anyone to bribe trump nice and easy.
I don’t think Russia’s affording all that much nowadays.. last I heard, they were experiencing liquidity issues trading with China?
Plummet 100% please.
DJT is down 70% over the past 6 months. Well on its way to 100%, if you ask me.
LET'S GO!!!!
Pennies on the dollar please.
Oh that's beautiful. It's actually been a pretty good week for tech considering there was a pretty bad couple of days last week.
Trump's stock is almost the lowest it's ever been. It's lower than the IPO price.
Sounds overpriced.
Book value per share is around $1.50. However, they don't make any profit so the actual value of the company is considerably less. In my opinion, not financial advice.
It's lower than when it launched, but is still overvalued by at least 1200%.
I'm loving the juxtaposition of the headlines:
Harris campaign should just tweet that screen grab.
I'm Kamala Harris and I approve this message 🤣👍
so not only is the stock plummeting, it means the employees there have no confidence in the company whatsoever lol.
Eh, consider selling and diversifying if you’re ever in this situation. (Not working for Trump Media – but an IPO after lockup expires.)
You're just not beating the S&P 500/Whole Market funds without some luck over the long run. My house has done it, and a handful of my individual stocks have done it.
still you'd think employees at "Truth" social would be the kool aid drinkers all-in on everything trump.
Nah, they've seen behind the curtain
Pretty much every dev I know is rooting against their corporate overlords.
Yeah babyyyy! All the way to the floor!!!!
A new record low every day!
All the way to the bedrock, then get drilling.
🍿🤣
I should have shorted it.
I thought about it but decided it wasn't a good idea to use logic on a stock powered by vibes / fraud. "The market can stay irrational longer than you can stay solvent" and all.
I thought about that. Apparently the short interest was so high they were charging shorts crazy interest rates to borrow it. You'd have to bet on a huge drop in a very short amount of time. I can't be bothered to look it up but I think it was something crazy like 40-50x a normal rate. One of the only reasons to hold was to charge short sellers interest, for a sane person anyway.
I didn't realize there was a correct response to my statement, but you just made it.
If I hadn't been out of work for months, I'd have started an account just to short it. It's rare to find such a sure bet.
I looked into it. Apparently shorting it was really difficult/nearly impossible because of the high demand of people who were trying to short it.
"post-lockup" Is this headline from the future?
"Lockup" is an investment term. When a company has an IPO (Initial Public Offering, which is the day they become publically available for stock trades), the big shareholders and company employees who are invested ahead of the IPO are "locked" from selling their shares for a certain number of days. This isn't required, but most companies having an IPO end up having a lockup period set as well.
In regards to this headline, it just means that the initial investors and big shareholders are now free to sell their shares, which they are apparently doing in droves!
which they are apparently doing in droves!
There was a rather public legal fight earlier with two of the co-founders (not Trump) who were trying to exit and claiming they had the right to do so earlier than the lockup date and that the company wasn't letting them do so. IIRC, they held about 10% of the company.
I'd assume that they got out or started getting out as soon as possible.
Taking everyone to the poor house with him.
"The invisible hand of the market slaps Trump like a bitch. More at 11..."
I bought puts, but at this rate, the company will be bankrupt before the contract expires in January.
🍿🍿🍿
Well of course he was going to sell.
It sounds like the stock based just on the lockup ending rather than from heavy selling.