this post was submitted on 15 Apr 2024
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Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.

But there’s a downside to going back to the market with new shares: A new public stock offering of 21.5 million shares announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump.

Shares of TMTG (DJT) fell more than 15% Monday. The stock had rocketed higher in recent months in anticipation of merging a blank-check acquisition company with Trump’s media business. But it has lost more than 60% of its value from its peak on March 26, the day after the merger was completed and it started trading publicly as TMTG.

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[–] gregorum@lemm.ee 143 points 7 months ago (2 children)
[–] metallic_substance@lemmy.world 29 points 7 months ago* (last edited 7 months ago) (2 children)

Someone should tell that tardigrade that's not where you position the bow when playing violin

[–] bradorsomething@ttrpg.network 36 points 7 months ago

You’re thinking of a human grade violin. This one is tardigrade.

[–] gregorum@lemm.ee 28 points 7 months ago (4 children)

lmao, every time...

in before someone notices it's a cello, lol

[–] flicker@lemmy.world 8 points 7 months ago

Dammit I was so excited to tell that person it was a cello!

That tardigrade is so jazzy right now.

[–] Djtecha@lemm.ee 7 points 7 months ago (1 children)

But... You still wouldn't be playing below the bridge

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[–] ech@lemm.ee 129 points 7 months ago (4 children)

My eyes nearly rolled out of my head seeing that he had the stock symbol be his initials, but after a moment of thought, I realized it must be killing him to see "his" value plummet. That's wonderful.

[–] marx2k@lemmy.world 11 points 7 months ago
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[–] Nougat@fedia.io 121 points 7 months ago (1 children)

This is what happens when you just "print more money."

[–] KISSmyOSFeddit@lemmy.world 38 points 7 months ago (2 children)

And don't have military bases in most countries to force everyone to keep buying it.

[–] Nougat@fedia.io 14 points 7 months ago
[–] AnUnusualRelic@lemmy.world 10 points 7 months ago

If he doesn't have any military bases, then why does he have all those tanks?

[–] mozz@mbin.grits.dev 66 points 7 months ago (4 children)

Usually, if you’re running for president, you want to invest money into political or media machines that are going to create true believers for you

If you’re taking the already existing true believers, who think you’re a business genius and all your prosecutions are politically motivated and the election was stolen (like really honestly think all of that is what happened, because they are too deep sunk in propaganda to even see the surface)… and creating an opportunity for them to lose a bunch of their own money by investing in your company, like really be exposed on a personal unavoidable level to how much of a fraud you are and always have been… you’re doing it wrong.

I get it. It’s desperation; you have to siphon money out of them because you need all you can get right now. But it still seems like a tactical error, like there must be another way.

[–] SeaJ@lemm.ee 48 points 7 months ago (2 children)

Usually, if you’re running for president, you want to invest money into political or media machines that are going to create true believers for you

No. Usually if you are running for president, you put your investments into a blind trust.

[–] TropicalDingdong@lemmy.world 49 points 7 months ago (2 children)

No. Usually if you are running for president, you put your investments into a blind trust.

what with his faith in humanity and all.

The 70's are over. Carter putting the farm in a blind trust was rewarded with Republicans bribing Iranian terrorists to keep the hostages longer. Disco is dead.

[–] SeaJ@lemm.ee 23 points 7 months ago (9 children)

The 70s, the 80s, the 90s, and the 2000s. Presidents aside from Trump have always put their investments in a blind trust.

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[–] Ultragigagigantic@lemmy.world 26 points 7 months ago* (last edited 7 months ago)

It's the deep state shorting the stock bro. Trust me bro. Just keep buying the stock bro.

Trump's social media stock is gonna bring down wall street, make you rich, stop the liberals, suck your dick, stop communism, let you suck its dick, stop the RINOs, and help Russia stop the nazis.

/$

[–] MustrumR@kbin.social 7 points 7 months ago (1 children)

Are you implying that Trump believers with faith deep enough to buy the stock regularly (eg they're not an oligarch/enterprise doing it to bribe Trump) is thinking this logically?

People either vote for him for other reasons (tax cuts for the rich, conservatism, fear for the border or racism) or are deep enough into a cult to disregard anything.

[–] mozz@mbin.grits.dev 8 points 7 months ago* (last edited 7 months ago)

Yeah, maybe. His cult is absolutely surrounded by a singular media drumbeat of him being smart, him being rich, him being a winner, the Democrats being bad and evil and jealous and cheaters at the election and just every bad thing in the world. I'm not saying that losing a whole bunch of their personal money because they operated on that model will definitely in itself break them out of the illusion; I definitely think some of them are in too deep even for direct personal experience to impact their perception (especially if the drumbeat is continuing exactly as before). But it'll at least give them a saving throw or something I think.

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[–] breadsmasher@lemmy.world 63 points 7 months ago (3 children)

Matthew Tuttle, chief executive of Tuttle Capital Management, says that management would be “stupid” not to issue new stock, even though the move will upset shareholders. “Whenever you see a stock jump, like you saw this jump, a secondary offering is always a risk,” said Tuttle.

Is this moron holding his chart upside down?

[–] elliot_crane@lemmy.world 23 points 7 months ago

Nah he’s just got a version that Donnie boy sharpied an upwards trend line onto.

[–] drcobaltjedi@programming.dev 9 points 7 months ago

Lol, it's at 1/3 of its peak a few weeks ago.

Oh the sweet schadenfreude.

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[–] Guy_Fieris_Hair@lemmy.world 35 points 7 months ago

"Trump stocks tank" is every other headline over the last year, yet somehow they still exist.

[–] hitmyspot@aussie.zone 31 points 7 months ago (8 children)

So not only does each stock holder own less of the company as a percent but the actual value of their stock is also lower.

This is normal for a company, when it releases more stock, as the cononay foes not magically become worth more. What's odd is releasing more while its already tanking and needing the funds so soon after it floated.

I winder where the money is going?

[–] Gradually_Adjusting@lemmy.world 13 points 7 months ago (1 children)

Company does not

This typo was hauntingly difficult to parse

[–] Cryophilia@lemmy.world 7 points 7 months ago
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[–] eran_morad@lemmy.world 21 points 7 months ago (1 children)
[–] RizzRustbolt@lemmy.world 8 points 7 months ago

Couldn't even follow through on a plan that even redditors got to work.

[–] astraeus@programming.dev 15 points 7 months ago (9 children)

Anyone know the easiest way to short this stock?

[–] Shiggles@sh.itjust.works 50 points 7 months ago

As a general rule, if you’re hearing about something from the news, it’s already too late to profit from it.

This might be the exception, but I’d temper any expectations accordingly.

[–] aseriesoftubes@lemmy.world 37 points 7 months ago* (last edited 7 months ago)

It’s supposedly the most shorted stock on the market, which I think means it’s going to be damn difficult to turn any sort of profit on it.

Just add DJT to the stock tracker app on your phone and pay yourself in schadenfreude as it rapidly and inevitably approaches zero.

[–] bradorsomething@ttrpg.network 12 points 7 months ago (1 children)

The short answer is, don’t bother. The premiums are so baked in that it will tank, that you’d be lucky to make any money.

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[–] gregorum@lemm.ee 12 points 7 months ago

Just watch it. It’s doing it to itself, lol.

[–] eran_morad@lemmy.world 6 points 7 months ago (1 children)

Just stop fucking around and buy SPY.

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[–] Zerlyna@lemmy.world 9 points 7 months ago* (last edited 7 months ago)

Oh no. (violin playing)

[–] Feathercrown@lemmy.world 8 points 7 months ago

Just print more money! That's never caused massive inflation before!

[–] Blackmist@feddit.uk 8 points 7 months ago (2 children)
[–] Dark_Arc@social.packetloss.gg 6 points 7 months ago

That's kind of interesting, but I'm always wary of correlations

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[–] Track_Shovel 8 points 7 months ago
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