Trump Media (DJT) Plunges After Registering Shares, Warrants for Sale - Bloomberg
Category: News & Politics
Via: jbb • 9 months ago • 1 commentsBy: Bailey Lipschultz (Bloomberg. com)
S E E D E D C O N T E N T
- DJT has erased two-thirds of its value from a March 26 peak
- Stock touched lowest since before DeSantis pulled out of race
GiftTrump Media Feels Pull of Gravity After Dizzying Run-Up GiftGift this articleHave a confidential tip for our reporters? Get in TouchBefore it's here, it's on the Bloomberg TerminalBloomberg Terminal LEARN MOREGiftBy Bailey LipschultzApril 15, 2024 at 9:00 AM EDTUpdated on April 15, 2024 at 4:17 PM EDTBookmarkSave
Donald Trump's social media startup tumbled on Monday, extending a two-week slump, after the company took a first step toward allowing the former president and other insiders to capitalize on their stakes.
Trump Media & Technology Group Corp., parent of Truth Social, filed to register sharesBloomberg Terminal, including those linked to warrants. The move could ultimately bring forward sales from insiders that are currently not permitted until September.
Have a confidential tip for our reporters? Get in TouchBefore it's here, it's on the Bloomberg TerminalBloomberg Terminal LEARN MORE
Imagine Biden, or any Democrats, having a public stock offering while running for office.
You cant, can you?
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Timed during a nearly 500 point tumble of the Dow. The S&P had its worst day since January.
DJT has Bidenomics to thank. …… inflation worries, etc