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Trump Media Group’s stock is tumbling again after the company announced a potentially 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 more shares: The addition of 21.5 million shares for sale announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner.
https://www.cnn.com/2024/04/15/investing/trump-stock-new-shares/index.html
@disk4mat
This all sounds like a scene from "The Producers" where Zero Mostel and Gene Wilder are selling thousands of percents of their "guaranteed-to-fail" Broadway show.