This IS a accident waiting to happen…..
The price of shares in Truth Social, Donald Trump‘s social media platform, have plunged to their lowest level in months.
Truth Social launched in February 2022, about a year after the former president was banned from X (formerly Twitter) and Facebook for posts about the January 6 riots at the U.S. Capitol. While he has since been reinstated to the platforms, he opts to use Truth Social. The app has lower numbers of active users in comparison to Reddit and X, which have been around for longer.
Since shareholders of Digital World Acquisition Corp., an existing shell company, agreed to merge with Truth Social’s parent company Trump Media & Technology Group (TMTG) earlier this year—clearing the way for the former president’s company to go public—its stock value has fluctuated and has now fallen to the lowest level it has been in two months.
According to Google Finance data, as of June 11, the price of a share, traded under the ticket “DJT”, has plunged to $39.31 per share. This is the first time the stock has dipped under $40 a share since April 25 when it was $38.49. However, the price of a share is still higher than on April 17 when it dipped to $22.84, the lowest the share price had been since January 16, when it was at $22.35….
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Maybe instead of asking whether Truth Social’s stock deserves to fall below $40 a share, we should be asking whether it deserves to be above zero.”….