I guess Trump's foreign sponsors tired of propping up his stock?
@TrueBloodNet I think the FEC is investigating something, but not sure.
@LiberalLibrarian The stock is still up a lot over the year: https://finance.yahoo.com/video/trump-media-stock-falls-sec-135350481.html
"Trump Media & Technology Group's (DJT) stock fell Thursday following the Securities and Exchange Commission's (SEC) approval of a regulatory filing permitting investors holding the company’s derivatives to convert them into shares. This move potentially paves the way for a significant increase in the company's outstanding shares, which may dilute existing shareholders' stakes."
@TrueBloodNet It's fallen something like 45% over the past couple of weeks, though.
@TrueBloodNet Yeah, at the beginning of the week it was at 40. Now it's at 25. Fire sale.
@LiberalLibrarian OK nevermind the investigation thing. It's Trump inc that's requested the investigation saying they were targeted by 'shortsellers'.
@TrueBloodNet It's a pump and dump. We're in the dump phase. I checked the stock's history and at its highest it was $70. Then it crashed, then it recovered, and now it's going down again. A company which lost money shouldn't have a market cap of $4 billion, but I'm no financial master of the universe. I'm sure they know more than I.
@LiberalLibrarian Shrugs. It started at 17.16 and is now at 23. If there wasn't all that pump and dump going on we'd think that was a solid investment. (not me, I mean that would be the hype LOL) I just think we set ourselves up to be disappointed when he taps out with a billion in his pocket. :(
@TrueBloodNet Of course, it may not stabilize at 23, and go below 17. This is a minor distraction, but ETTD.
@LiberalLibrarian I'm looking forward to the Jared investigation.. :D That will be my fall candy I think. LOL
@TrueBloodNet Time for Slenderman to go down.
@LiberalLibrarian Right. I just am not sure that Trump and company care about that as long as it stays up over initial offering. I mean, he's being gifted that value by the original investors when he divests in a few months. over a billion $$$
@LiberalLibrarian "The stock is still up and it's up 80% year to date here."
@LiberalLibrarian What happened? Did something crater?
@TwiHusband it's going down, down, down.
@LiberalLibrarian I see. Checked the news. As usual, the rich are bailing out, leaving the little investors holding the bag. A LOT of MAGA are about to lose their shirts. Couldn't happen to more deserving people.
@TwiHusband They should've gotten out when the stock was high. But that would show a lack of faith. And you know what happens when you show a lack of faith.
@LiberalLibrarian Did I hear there was some investigation of investors on his stock? I thought I did but I'm still heat stupid. LOL