Wednesday, July 17, 2024

Trump Media Stock Crumbles as Gag Order Prevents Him from Launching Attacks


Donald Trump’s DJT Truth Media company has hit an almost all time low on the stock exchange.

This morning, the stock fell to around $26, just four dollars higher than its previous low in April.

A lot of this has to do with the muzzling of Trump by the New York courts. Trump is under a gag order not to attack anyone from the court associated with his recent hush money trial. On Tuesday, the New York Court of Appeals refused to hear former Trump’s appeal of the gag order.

Trump was convicted of committing 34 felonies. He will be sentenced on July 11th.

Without its owner able to launch attacks and spew rhetoric, Truth Media is basically a board for Trump fanatics to carry on in his behalf. But the posters themselves aren’t famous and don’t have wide followings. They’re mostly just blowing off hate for Joe Biden as if they were third graders put in a corner by their teachers.

In the last three months, the Truth Media stock had plummeted, then risen again to around $54, but now it’s worth around half that much.

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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