The financial situation at Trump's Truth Social is dire as DJT stock drops, causing Trump's stake in the parent company to plummet in value. Speculators bet on Truth Social as a 'meme' stock, leading to significant losses. Trump sues co-founders over mismanagement, while receiving an emergency loan from a Russian-American businessman under investigation. Short-sellers target DJT stock, with borrowing rates soaring due to high demand.
$DJT “There is very little stock available to borrow to support new short selling — less than 50,000 shares — and with demand to short this stock extremely high, we are seeing stock-borrow rates at 500% to 600% fee levels,” Dusaniwsky https://t.co/C485UE3siX
Before Trump Media made its stock market debut, it was already a target for short-sellers betting on its collapse. As the company's share price continues its steep decline, the appetite to bet against the stock has grown. https://t.co/C38yKkftSK
Why shorting Trump’s DJT stock could cost you 500% https://t.co/IVIGf2BnnX
$DJT: What Are Investors Actually Buying? last week, a small float and a lot of retail interest sent shares of trump's new media company soaring into meme stock territory its market cap peaked at over $10B, but has since dropped to ~$6.75B as @jason lays out, investors should… https://t.co/B05HjeUzCz
Trump's "Truth Social" has only been kept afloat by loans from a trust run by a Russian from St Petersburg that owns a shady Caribbean bank that specializes in processing online payments for the porn industry. https://t.co/LXXzJBkxCL
Trump is suing the founders of Truth Social. Doing business with him results in a clear inevitability: being exploited. With a history of avoiding accountability, lying, & cheating its no wonder he's iced all his connections. Everything Trump Touches Dies. https://t.co/b3j95A5kwi
.@JoeNBC: "Is this not the Trumpiest story of all time? This guy starts [Truth Social], goes public,...then he sues his co-founders... Everybody that goes into business with this guy regrets it because he's a terrible businessman, and he sues you." https://t.co/67adUOEnyV
Trump Media received an emergency loan from a Russian-American businessman named Anton Postolnikov who is under a federal insider-trading and money-laundering investigation. https://t.co/hO87nEBQuT
Trump’s DJT stock trades at multiples that exceed the peak of the meme-stock era https://t.co/Fna5gbZzm8 $DJT $GME $NVDA $TSLA
Trump’s DJT stock trades at multiples that exceed the peak of the meme-stock era https://t.co/Tz3urxMDxE
A man whose family is close to Putin and who is under criminal investigation in the US provided funds to Trump to keep Truth Social afloat. Investors should be fleeing Trump Media - we all know where this thing is going. It's another huge Trump scandal. https://t.co/5ThfPGZ0qv
Morning Joe on Trump suing co-founders of Truth: "This guy starts [Truth Social], goes public, then he sues his co-founders. Everybody that goes into business with this guy regrets it because he's a terrible businessman and he sues you." https://t.co/sS7HPV6hA8
YOUR REACTION: Former President Donald Trump has filed a lawsuit against the co-founders of Truth Social, accusing them of mismanagement that led to delays in the platform's public launch. Trump Media & Technology Group Corp. alleges that Wes Moss and Andy Litinsky's errors… https://t.co/yO7idPNnUI
'Daily Show' mocks Trump over Truth Social stock crash https://t.co/bv79nzaysv
.@JoeNBC: "Is this not the Trumpiest story of all time? This guy starts [Truth Social], goes public,...then he sues his co-founders.... Everybody that goes into business with this guy regrets it because he's a terrible businessman and he sues you." https://t.co/luoOiQ02Ox
DJT Stock Slips. Trump Is Suing Co-Founders of the Truth Social Parent. https://t.co/bylzWTorI2
Stephen Colbert Isn't Shocked by Trump's Stock Drop: 'I'm Actually Surprised That Truth Social Had Value' | Video https://t.co/DH2fMb1ker
Will Truth Social post a financial bailout for Trump? https://t.co/4DCzgiwXpz
Oh my God! Trump’s “Truth Social” is bleeding money and the stock is dropping. Who could have foreseen that it was another scam?! https://t.co/VDscuJXHmj
Trump Media seeks to oust 2 co-founders of Truth Social https://t.co/bFL8MEvg2n
Will Truth Social provide a financial bailout for Trump? https://t.co/sr46ZN8d3F
$DJT $RUM Today Bloomberg reported Donald Trump lawsuit vs Truth Social cofounders, among the comments... "Moss and Litinsky caused TMTG to enter a commercially unreasonable relationship with a cloud services provider, who charged exorbiant rates for substandard or non-existent… https://t.co/WQxEaiKeEJ
Shares of Trump Media Jump After Company Says It Is Flush $200 Million in Cash and Debt-Free! (Read more: https://t.co/8tXMYxNWld) [DID PEOPLE FORGET THAT TRUTH SOCIAL WENT PUBLIC AND THOSE FUNDS WERE LOCKED UP UNTIL THE MERGER? “We are excited to be operating as a public… https://t.co/os6E1XhnQ6
Trump-and-dump: Speculators bet on Truth Social 'meme' stock @ab_summerville https://t.co/KheBs0Ggi5
⚠️ My warning on $DJT stock: "I think the investors here are either speculators or amateurs just looking to make a quick buck in a highly volatile stock, and there are really no fundamental underpinnings... [it's the] mother of all meme stocks" ⚠️ https://t.co/8TmYItUT2J.
CNN Crew Busts Out Laughing Over Trump Losing $1 Billion In Truth Social Stock Dive https://t.co/q0wz1SCmx9
“.. It was a no-brainer. You buy the stock, wait for Trump's fan base to hear about it, and enjoy your profit,” Al Shalloudi said. @reuters $DJT https://t.co/GCsqNgMptf https://t.co/C8ylb11HC7
$DJT (-2.7% pre) Trump-and-dump: Speculators bet on Truth Social 'meme' stock - Reuters https://t.co/BQJDNVQMab
Trump-and-dump: Speculators bet on Truth Social ‘meme’ stock https://t.co/mMnSiGfjHR
Trump-and-dump: Speculators bet on Truth Social 'meme' stock https://t.co/sa8yolKa6a
Trump is worth a billion dollars less – on paper – after Truth Social shares tumble https://t.co/4jIv7kyrCm
DJT Stock Drops. Trump’s Stake in Truth Social Parent Is Falling in Value. https://t.co/YrSlNe8sNf
The Financial Situation At Trump's Truth Social Is A Disaster https://t.co/sv1wCxoWdj