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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…
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Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009 and previously edited Fame magazine and wrote the "Intelligencer" column at New York magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. is 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. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.
