The party’s over for Donald Trump’s media company Truth Social.
The stock price for DJT is crashing. It’s already fallen 24% since the market opened. It’s now 1pm.
There are many reports that the company is insolvent, that it lost $58 million in 2023. Trump himself holds 79% of the stock, which means he’s not having a good day at all.
The stock opened around $60 this morning and is trading around $45 right now at 1:15pm.
Keep refreshing this afternoon. Meanwhile, follow along.