Owning a piece of Trump... stock

Trump's media company is scheduled to go public today. Trump Media and Technology Group, the parent company of Truth Social is said to be worth billions. Last Friday, Shareholders in the shell company Digital World Acquisition Corp. (DWAC) agreed Friday to merge into Trump Media. The new combined company will trade on the Nasdaq exchange under the stock symbol DJT.

Can you make a million over night?
The key word here is volatile.

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Risk factors: Bankruptcy, failure and jail. pointing
Historically... 2 out of 3 and a possible yes for the third one !!

Okay... who bought?
Stock opened around $61 and closed today around $71 with peaks as high as $77.

The savvy investor buying 1,000 shares would have made 10 grand today.
I can see that happening...but will it last...time will tell...

According to his women... making it last isn't one of his strong points.
laugh rolling on the floor laughing rolling on the floor laughing rolling on the floor laughing

That deserves a few rolling men...

It's around $68 this morning.
Fundamentals will matter at some point. As of now it's a meme stock. I wouldn't touch it but that doesn't mean it won't go higher, for a while at least. Trump won't be able to sell any shares for 6 months because of lock-up.
Business Insider did a story claiming Trump got a $4 billion windfall after his merger...

"...now trading under the "DJT" ticker symbol, but experts doubt its longevity."

I always enjoy the reader comments:
"So are you telling me that someone who can bankrupt casinos where the house has a big edge is going to make a social network that no one reads than Trump people, make money for investors?"
"How does Truth Media with a financial record of losing $49 million so far merge with a company that has a financial record of consistent years of severe loses and presently has $1.5 million in assets and $25.5 million in debts manage to become a entity valued at $6+ billion ? The only thing I see coming from this merger is another Dumpster grift that ends in catastrophic bankruptcy for its investors."
"It’s all a fraud just like everything he’s ever been involved in. Boosting that stock now and will dump all his shares the minute he sees an out. Investors will lose their money and he walks away laughing at all the gullible masses."
"The guy was just found liable for "massive" and sustained fraud in New York. I don't think I would invest in any company of his. The only person going to make off of this is Trump. The investors will lose money."

I had forgotten about this stock and Yahoo!Finance did a story about today:

"Trump Media stock tanks..."

It was around 74 last week and dipped below 47 today.
I'm not dyslexic. laugh
I guess the only losers here are the ones who will invest with 'The Donald'...
It seems this investment isn't 'HUUGE'...

Small-time investors in Trump’s Truth Social reckon with stock collapse

Maybe the Trump/Greenwood Bible will save him...idea

At close on April 16, Trump Media & Technology Group Corp share price fell to $22.84, down 14.17% today.

Yesterday Trump fell off the Bloomberg Billionaire's Index after joining it for the first time two weeks earlier.
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created Mar 26
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Last Commented: Apr 16
Last Edited: Apr 15
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