Trump Media shares drop by more than 8%, putting market cap under $5 billion

vegeta@lemmy.world to News@lemmy.world – 140 points –
Trump Media shares close down more than 8%, putting market cap under $5 billion
cnbc.com
18

Spread your cheeks, Maggats! You just got pump N' dumped!

Trump-a-dumped

Has trump dumped any though? I thought he had at least 5 more months before he’s allowed to sell.

I mean he already has done multiple Trump and dumps, but I don’t think he’s allowed to yet in this case.

only 8?

Not my area of expertise, but I would imagine that some people -- if they're confident that the company will dramatically drop in value -- have purchased put options and that those won't trigger until a lower point.

Trump Media’s share price is down 45% for the month to date.

That's still a pretty dramatic drop.

I heard that the amount of people shorting Truth Social was extreme. It's probably the same with this one.

probably the same with this one

....it's the same one.

🍿🍿🍿 🎶how low can it go?🎵