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Trump Media's stock price slumps another 14%, but he's still set to make a fortune dumping it


Trump Media fell 14% yesterday, part of an ongoing slide that’s seen the company lose a third of its stock price in days and wiping out the gains of investors who led it to a spectacular valuation just weeks ago. Unreal from the outset—it amounts to Truth Social, an off-the-shelf Twitter clone for Trump fans with no revenue or prospects for user growth—at one point Trump Media had a market cap of $8bn. — Read the rest

The post Trump Media's stock price slumps another 14%, but he's still set to make a fortune dumping it appeared first on Boing Boing.


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