Money For Nuthin’

Trump's Truth Social merger sends stock into immediate free fall: reporthttps://t.co/uZY8Bfadx9

— Raw Story (@RawStory) March 22, 2024

According to a report from CNBC, stock for the company which will be listed as DJT starting next week, began the day at $44.20 before taking a quick nosedive to below $38, before a bounceback to 3.5 percent below opening. 

The former president was expected to see a $3 billion windfall after the merger was completed but, by the time he is able to sell any portion of his stock, that dollar figure could change radically downward as other investors cash out.

Trump msy have a six month restriction on selling his stock, and even if he does cash out tomorrow his sale will cause the stock to lose value. 

And he’ll still insist he has to spend it on his campaign.

And Judge Engoron is still watching. The State of New York would be just as happy to get cash.💰 

11% of sales are short; investors who expect the value to fall further sooner than later.

Hot take: the SPAC merger between Digital World and Trump Media/Truth Social is vastly overvalued and the stock price will plummet in short order.

— Robert J. DeNault (@robertjdenault) March 22, 2024

This ain’t Tesla, you know.