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Rapidcreek@lemmy.world to politics @lemmy.world · 7 months ago

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt

www.cnbc.com

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Trump Media shares fall nearly 10% after DJT plunge triggers trading halt

www.cnbc.com

Rapidcreek@lemmy.world to politics @lemmy.world · 7 months ago
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Trading in Trump Media shares was briefly halted due to volatility, after the Truth Social owner's stock suddenly plunged in price.
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  • some_guy@lemmy.sdf.org
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    7 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.

  • Illegalmexicant@lemmy.world
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    7 months ago

    Trading halt? The dumb company is up over 100% in less than a month. I can’t imagine why it dropped 10%. Let it tank already.

    • whocares314@lemmy.world
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      7 months ago

      deleted by creator

  • Myxomatosis@lemmy.world
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    7 months ago

    Every time Trump loses, America wins.

  • zephorah@lemm.ee
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    7 months ago

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

    • shalafi@lemmy.worldBanned
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      4 months ago

      Removed by mod

      • SoJB@lemmy.ml
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        7 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.

  • EndOfLine@lemmy.world
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    7 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.

  • 👍Maximum Derek👍@discuss.tchncs.de
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    7 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.

    • shalafi@lemmy.worldBanned
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      Removed by mod

  • Media Bias Fact Checker@lemmy.worldB
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    7 months ago
    CNBC - News Source Context (Click to view Full Report)

    Information for CNBC:

    MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
    Wikipedia about this source

    Search topics on Ground.News

    https://www.cnbc.com/2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html

    Media Bias Fact Check | bot support

  • capital@lemmy.world
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    7 months ago

    Sad trombone

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