Monday, May 27, 2024

Trump Truth Social Media Stock Drops More than 50% Since Opening Last Week, Down 20 Bucks to $37


Donald Trump’s media stock finished the day at $37.17. It’s currently trading after hours at $36.00

Consider that last week, on March 26th, the stock opened the day at $78 and then finished at $57. It’s been downhill ever since.

Trump Media & Technology is in a free fall. The company is already mired in lawsuits with co-founders who are also former players on “The Apprentice.”

Who would invest in this thing? Its sole purpose is the promotion of misinformation, fake news, and bile against Joe Biden and the Democrats. It’s opinion delivered by the Trump family, their base, and uneducated malcontents.

At least Twitter — despite its shortcomings — allows the actual news of the day to be disseminated.

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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