Trump stock tanks after issuing tens of millions new shares
Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.
But there’s a downside to going back to the market with new shares: A new public stock offering of 21.5 million shares announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump.
Shares of TMTG (DJT) fell more than 15% Monday. The stock had rocketed higher in recent months in anticipation of merging a blank-check acquisition company with Trump’s media business. But it has lost more than 60% of its value from its peak on March 26, the day after the merger was completed and it started trading publicly as TMTG.
Someone should tell that tardigrade that's not where you position the bow when playing violin
You’re thinking of a human grade violin. This one is tardigrade.
lmao, every time...
in before someone notices it's a cello, lol
Dammit I was so excited to tell that person it was a cello!
That tardigrade is so jazzy right now.
But... You still wouldn't be playing below the bridge
Some folks did.
Weird folks. But folks nonetheless.