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Republican presidential nominee and former U.S. President Donald Trump speaks as he participates in an interview with billionaire entrepreneur Elon Musk on the social media platform X, at Mar-a-Lago in Palm Beach, Florida, U.S., August 12, 2024 in this picture obtained from social media. Margo Martin via X/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES.
4PM UPDATE Trump Media closes the day at $12.74 after hitting an all time low of $11.75. What caused it to rebound by a dollar? Monkey business. It’s still at its low point. What is really going on? Did Donald start selling shares? To be continued…
Stay tuned…
If you invested in this stock, please do not jump out a window. Just vote for Kamala Harris.
Seriously, Trump Media may be on the pink sheets soon. It’s worthless. Down 83% in six months.
But Trump thinks it’s a great stock. He vowed not to sell his shares. We’ll keep an eye on that this morning!
PS UPDATE Just after I wrote this, the stock rose out of nowhere to $12.80. Very mysterious. At 10:58am it’s at $12.40. Let’s see what tricks come as the day proceeds…
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.
