Last night, Chump lost almost everything he invested in Truth Social

[FakeNoose]

The Guardian link: https://www.theguardian.com/business/article/2024/sep/04/trump-media-djt-stock

Donald Trump’s tiny social media empire has seen its extraordinary stock market rally wiped out by a steep sell-off.

Shares in Trump Media & Technology Group, owner of Truth Social, closed below $17 on Wednesday, reversing all their gains since the company’s rapid rise took hold in January.

The former president has been prohibited by a lock-up agreement from starting to sell shares in the firm until late September. While his majority stake in the firm is still worth some $2bn on paper, its value has fallen dramatically from $4.9bn in March.

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As a business, TMTG is not growing rapidly. It generated sales of just $4.13m in 2023, according to regulatory filings, and lost $58.2m.

- more at link -

I don't know how much dough he put into this venture initially, but his stocks will be almost worthless by the time he's able to unload any of them. As we all know ... everything he touches, dies.