The stock of Donald Trump's Truth Social has experienced a significant downturn, with shares plummeting more than 60% from their highs, causing substantial financial losses for investors. Small-time investors like Jerry Dean McLain, who initially invested at $90 per share, have seen the stock price drop to $32. Despite the decline, some investors remain hopeful, attributing the drop to stock manipulation and expressing continued support for Trump. The company recently announced plans to launch a streaming platform, which includes live TV and various content, but this news has not halted the stock's decline. Notably, the stock slid nearly 10% after a post by Trump encouraging investment, and filings indicate a 10% drop after an S-1 filing, with pre-market drops of 17.80% and 15%. However, there was a brief 2.9% pre-market increase following the streaming platform announcement.
Trump’s Truth Social Will Launch Streaming Platform — As His Shares Plummet https://t.co/qGU6XGXiYx https://t.co/RBk3G0mZIX
Trump media company plans video rollout, but ‘DJT’ shares keep falling https://t.co/C615uTWeQr
Trump’s social media site Truth Social announces it will create a streaming platform: https://t.co/0iddVPbVxk https://t.co/gYWyifZ0bt
BREAKING: Trump's Truth Social to launch live TV streaming platform The streaming content is expected to focus on live TV including news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at… https://t.co/vy3sbSJxvh
$DJT ❖ TRUMP MEDIA FALLS 9% AFTER STREAMING PLATFORM LAUNCH NEWS
Donald Trump's media firm to roll out streaming platform in phases https://t.co/M5QApXY0HX https://t.co/SHFDEbgMTs
Following a massive selloff, #TruthSocial's parent, Trump Media, now says it's finally planning to launch a streaming platform — This was something it teased when it first was trying to raise money — It says it's finished building its own CDN (content delivery network) so it…
$DJT (+2.9% pre) Donald Trump's media firm to roll out streaming platform in phases - Reuters https://t.co/z2B6aMT0sz
$DJT (+2.9% pre) Trump’s Truth Social Stake Shrinks by $3 Billion After Stock Tanks - WSJ https://t.co/MLpwTmjsEs
(WSJ) - Donald Trump’s hot social-media company stock has turned cold, wiping out more than $3 billion of his windfall in its first three weeks of trading. @WSJ $DJT https://t.co/bIwgK5vRca
‘DJT’ stock bounces as Trump’s Truth Social to launch live TV streaming network https://t.co/6g9YlJ74fr
Donald Trump’s stake in Truth Social shrank by $3 billion after the stock tanked https://t.co/5Ocz3VuqKp https://t.co/5Ocz3VuqKp
The stock price for Donald Trump's social media company slid again Monday, pushing it more than 66% below its peak set late last month. https://t.co/rkUCfn1oFS
$DJT slid after an SEC document to issue shares was filed. @davidfaber breaks down the implications foor shareholders and what it could mean for former president Donald Trump. https://t.co/Vy0qw4KCsG
Donald Trump's Truth Social shares drop to lowest since January https://t.co/q3rmCmuX9J
Trump Media shares tank as Donald Trump’s stake in Truth Social parent could be sold: filing https://t.co/6TU53vylAj https://t.co/vXftUogsiw
Trump stock continues to drop. Down from $75 local high when the ticker changed to DJT less than 2 weeks ago. https://t.co/SnwSGphawz
Trump on Trial: Truth Social Stock Price Falls Off Cliff to New Low https://t.co/7edw6I52qX via @Showbiz411
$DJT -15% pre market
$DJT 🔴 -17.80% in pre-market this morning after filing prospectus to issue up to 21.5M shares of common stock. The stock is down over -60% off its highs in the last two weeks. https://t.co/zvE6stxWKZ
$DJT filed S-1 -10% https://t.co/DpRjtS9rLa
DJT Stock Slips. What Trump’s Trial Means for the Truth-Social Parent. https://t.co/7kPKzehnJq
Trump supporter puts $25K into Truth Social, his entire nest egg, starting at $90 a share. It's now at $32 a share. He's looking forward to buying more because he believes Trump has a plan. Another investor blames "stock manipulation" by liberals for the drop. https://t.co/RPfhM9WvME
Trump Media shareholders have voiced doubt and fury over the company’s plunging price. Some said they had invested thousands to show Trump their faith and support. https://t.co/su2sMhy0G4
In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock slid nearly 10 percent after that post.) https://t.co/8sG6Vk0NnK
Small-time investors in Truth Social reckon with stock collapse https://t.co/OPorcCUeiC Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share.…