Trading in Trump Media shares was briefly halted due to volatility, after the Truth Social owner's stock suddenly plunged in price.
  • @some_guy
    32•3 months ago

    Glad to see this. I’d been watching it go up day by day for more than a week. I was disappointed to see it up again this morning. I hope it crumbles to zero.

  • @EndOfLine@lemmy.worldEnglish
    10•3 months ago

    The stock price whipsawed during an extremely volatile trading session in which more than 97 million shares traded hands — multiple times the company’s 30-day average trading volume.

    Does Trump have to disclose if he is dumping his shares? That many shares trading hands makes me wonder if he is trying to cash out before the stock starts to tank again.

    • The Pantser
      5•3 months ago

      Good luck getting old man diaper rash to do anything he has to do.

  • @zephorah@lemm.ee
    10•3 months ago

    I have to wonder if this has anything to do with that bizarre (even for Trump) rally in Pennsylvania.

    • @shalafi@lemmy.worldEnglish
      2•3 months ago

      That’s my bet. People have, for years, tried to act smart, say, “He’s always been an idiot!” Nah. Below average intelligence? Sure. But he really turned a corner in 2021-22 or so and now the roller coaster is off to the races.

      He’s come with 9,000 stupid, mystifying, illogical, evil even, statements. But yesterday was something I’ve never seen before. You and I would be headed for a rest home if we acted like that. Put that in the bucket with the last 2-years of lunacy, we would be living with a full-time caretaker if we were rich.

      People like us that are watching and politically engaged have been noting the slide, but that performance yesterday was on display for a long time, not merely a sound bite a supporter can weasel around.

      • @SoJB@lemmy.mlEnglish
        0•3 months ago

        In some ways, you could consider it a small blessing that Trump has been forced to spend the last decade of his life frantically (metaphorically) running from shadow to shadow trying to avoid the law and keep his hold onto fascist power.

        Like, he could have spent the last 30 years relaxing at Maralago paying pornstars for sex but he just couldn’t keep his fucking mouth shut.

  • 👍Maximum Derek👍English
    5•3 months ago

    If you zoom out just a bit, this drop took it back to where it was at the start of trading yesterday. The stock has been surging since 10/10.