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Trump Media Stock Hit Record Low After Debate With Harris
(www.barrons.com)
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this post was submitted on 11 Sep 2024
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Exactly.
That said, only an idiot would hold any at present. Guaranteed those shares will be worth less after the 20th than they are now.
I was really disappointed to see Vanguard listed as one of the biggest investors in Trump Media. https://finance.yahoo.com/news/blackrock-vanguard-big-purchasers-trump-231532778.html
I'd like to add a caveat here:
From CNN: You may now own a piece of Trump Media – and not even know it
Vanguard and other index fund owners are not choosing to buy Trump Media necessarily. Anyone holding Russell index funds or ETFs is getting stuck with it due to pumping of the stock price. Anyone owning index funds other than special ESG funds is sponsoring a lot of people they may not approve of personally, hence the conservative backlash against them.
Don’t forget the money laundering