Trump Media just went off a cliff
Donald Trump is currently sitting in a courtroom while on criminal trial for thirty-four felonies. That’s devastating enough. But because Trump likes to lose on all fronts these days, he’s also getting crushed on the financial front – and not just because his latest updated bond filing is questionable mess.
Trump Media, the business entity that was supposedly somehow magically save Trump from financial collapse, is now in the midst of its own financial collapse. After shares of the company plummeted about 15% yesterday, they’ve plummeted another 15% today.
The shares are now worth only about one-third of what they were worth three weeks ago. Given that Truth Social is a financial disaster, there is every reason to expect these shares to keep plummeting.
In spite of all the contrarian hype on social media about how Trump is going to make out like a bandit even if these shares keep plummeting, the reality is something different. If the share price falls to near-zero before Trump reaches the date where he’s allowed to sell them, he’ll end up with almost nothing.
