Donald Trump supporters who invested in Truth Social stock get completely blindsided as the Trump Media stock continues to plunge and more shares are announced in a likely financial scheme to solely benefit Trump. John Iadarola and Francesca Fiorentini break it down on The Damage Report.
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Trump Media closes down more than 18% after filing plans to issue more DJT stock - https://www.cnbc.com/2024/04/15/trump...
"The share price of Trump Media closed trading down more than 18% on Monday after the company disclosed plans that would allow existing investors to exercise stock warrants.
DJT shares closed at $26.61. Trump Media, which created the Truth Social app and trades on the Nasdaq, fell nearly 20% last week.
The company’s dramatic slide came as Donald Trump sat in a Manhattan courtroom for the start of his criminal trial on hush money-related charges. Trump is the majority stakeholder in the company.
Since it began public trading on March 26, Trump Media’s share price has fallen more than 62%, from an opening price of $70.90 that day down to around $27 on Monday."
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