trump media is down 20% today ( so far )

[lapfog_1]

somebody knows something.

Perhaps the billionaires and oligarchs that ran up the stock by buying the worthless shares are now sitting on the sidelines and letting Trump cash in by selling ( him or his surrogates / family ).

Or something else is going on.

[GenThePerservering]

1. The whole thing

Is just money laundering, so gawd knows.

[TwilightZone]

2. It's a volatile stock. It's going to have ups and down regularly.

We should probably try to stop waiting with baited breath for its every move, or we'll just wear ourselves out.

"buying the worthless shares"

Like every stock, it's worth whatever someone will pay for it. Just because there is not commensurate value behind it doesn't make the stock itself worthless. Many stocks are disproportionately valued, some even more so than DJT.

Is nvidia Corp worth $3.63 trillion? Do they have assets to support that value? Nope.

[lapfog_1]

3. no, you are absolutely wrong.

this stock was set up as strictly a money laundering scheme. Period. It is a fake company and a fake stock.

Maybe some "suckers and losers" got taken for a ride too, but mostly it was billionaires from many places ( Russia, USA, and any that are left in China ) to legally transfer bribe money to one DJT. Period. It has almost no revenue. No intrinsic value. No future value. Nothing. If Trump wants to "tweet" he has X/shitter and his newest buddy billionaire Eloon to do that for him on a platform that is many many times bigger.

[Emile]

4. 28.64 -7.32 (-20.34%)

[Johnny2X2X]

5. I might buy

I think Truth Social ends up being the official social media of the entire Federal government. I think Trump and his loyalists might start making having a truth social account part of being able to do any business with the federal government. Like, use your verified truth social account to get the status of your tax return. Use your verified Truth Social username to apply for Medicare and get moved to the front of the line.

[LetMyPeopleVote]

6. DJT is a meme stick that relies on the greater fool theory