Posted 4/8/2024, 2:25:08 PM
Trump Media Parent Company Stock Continues Steep Decline
- Shares of Trump's Truth Social parent company TMTG crashed over 9% when markets opened, continuing a steep decline since the company went public last month
- TMTG is vastly overvalued compared to Truth Social's tiny $4.1 million revenue and $58 million loss last year
- The crash has already wiped out billions in value, including over $1 billion from Trump's net worth
- The merger looks to be a Trump scheme to profit millions while leaving investors hanging
- Even if the stock crashes, Trump's ardent supporters may not care, seeing losing money on it as a privilege