The Trump backed stock has been up and down like a Yo-Yo…..
It’s down again and some investors are taking a hit like they almost ALWAYS do when they deal with Donald Trump….
Trump doesn’t need the exposure anymore with his rolling with Musk, who owns Twitter…..
But Viaud was hopeful a Trump electoral win would rocket the stock into the stratosphere, posting, “Come November all of us are going to be very rich!!!”
In the days since the election, however, the stock has fallen, losing nearly half its value since last month’s peak. And on a Truth Social investor board, users who had been predicting a post-vote surge began voicing their agitation. “The fact is we are in trouble,” one wrote….
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Trump’s base of 8 million followers on Truth Social is dwarfed by his 14 million on TikTok, 35 million on Facebook and nearly 95 million on Twitter, now called X — the latter of which is owned by Elon Musk, one of his most heavily invested supporters, who routinely boosts pro-Trump messages on his 200-million-follower account.
“Trump Media’s whole argument was: We’re going to allow freedom of expression in a way that hasn’t existed in years,” said Mike Stegemoller, a finance professor at Baylor University who has studied the company. But Trump’s new real-world and online power has “taken away that competitive advantage … and that doesn’t bode well for a company that already makes very little revenue…..
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