I HAVE said at this place many times in the past….
‘Most things Donald Trump touches turn to shit’…..
Trump Media is turning out to be NO exception…..
No surprise to this dog…..
Trump Media stands out on Wall Street as the market’s most “shorted” stock — shares that investors bet will fall. Derivatives linked to the stock, which allow investors to speculate on its future price, have also been popular, suggesting that traders are braced for more big price swings — both higher and lower — in the weeks to come.
It is not uncommon for so-called meme stocks, which are heavily influenced by momentum and the enthusiasm of masses of small shareholders, to be extremely volatile, prone to sudden and steep increases and declines.
One question surrounding Trump Media is whether the company’s board will relax a provision that prohibited Mr. Trump from selling stock or using his shares as collateral for a loan for six months after the shares began trading. But in Monday’s filing, the company said the board made no changes in the lockup provision.
Our business reporters. Times journalists are not allowed to have any direct financial stake in companies they cover.
That makes it unlikely Mr. Trump will rely on his stake of about 60 percent in Trump Media to help pay for the posting of a $175 million bond in connection with his appeal of a civil fraud penalty imposed by a New York state judge….