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this post was submitted on 18 Jun 2024
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politics
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your share price is wrong, its $31.06 right now down from $34.72 at opening today (about 11.5% down). Hopefully it'll be down to less than a penny before Trump is allowed to sell them, that would be amazing. It was down to $30 earlier (about 13.6% down), but its rebounding slightly on people buying the dip so they can lose it tomorrow as it continues to drop. Less than a month ago (May 30) it was up to $55/share, so in 2.5 weeks its dropped 43.5%. From its High of $66.22 on April 25, its lost 53.1% of its value. So less than 2 months it lost over half its value, lets hope it loses the other half in the next 2 months.
Edit: 2 days later and its currently down 58.82% from April 25 to $27.27 a share, so it lost 4 bucks in 2 days already. Lets-a-go, if it keeps this pace it'll be worthless by next weekend. Though its highly unlikely that will happen that quickly, likely going to see some pumps and dumps and rebounds while steadily keeping the trending direction.
Trump Media trades on NASDAQ, and of course uses a ticker that is also in use on the NYSE. Use djt:nasdaq to keep up to date on its falling stock price.
Holy shit it looks like it has dipped to 25. Is that common after market hours?
Welp, time to buy shorts...or is it puts? (I'm not a stock trader, which ever is the one you buy when you're predicting a drop in stock price lmao)
Id recommend doing neither if youre not comfortable with the terms.
Shorts can be particularly dangerous. Puts/Calls tend to at least be a static gain or loss, although it can be large as well.
In this instance where you want to bet money on a stock falling, you would buy a put or sell a call. You can buy and sell for different time frames and different total amounts, but that's extra complexity. Start very small, standard length and only 1 contract at a time.
113M shares times $31/share is $3.5B.
That's wild. No way the company is worth that, much less his share.
The secret ingredient is crime
Didn't they at least raise $500 million or something?
It's not a totally worthless company. Honestly, the point we should celebrate is when it drops below the value of the $$$$ that was pumped into the stock. The IPO and SPAC rised nearly $500Million so the company officially loses value at around $6/share or so.
With a gross profit of over 4 million!
Gross.
Interest rates are 5.25% right now. If they just put that money in a money-market fund, they'd be getting ~$25 million/year in profits alone.
Just $4 Million in profits is hilariously bad. It means the company is doing worse than a pile of cash.
They're doing way worse their balance sheet or whatever only quoted them at $770,000 total revenue last quarter. Overall they lost 325 million dollars last quarter.
I think you meant revenue and not profit. I believe that they are still operating at a loss of several hundred million dollars with a shrinking user base.
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318335901&type=HTML&symbol=DJT&cdn=9e3de96d8329abffd26f1592e860e7c6&companyName=Trump+Media+%26+Technology+Group+Corp.&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2024-05-20#StatementofOperations
Net Loss: (327,599.7) (Thousands).
That's $327.5 Million lost last quarter. Holy shit.
$31.16 USD each.