Thursday, November 7, 2024

Trump Media Stock Has Fallen Over 14% In 5 Days, Dropped by $9 Today, Down Another 8% in After Hours

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10:11 pm update: In after hours trading, DJT has dropped another 8% to $32.97.

EARLIER WEDS: Yeah, yeah. Trump won the election.

You’d think the price of his Trump Media stock would have shot up.

Alas, it didn’t.

Trump Media did open at $44.35 this morning at 9:30am. But it closed the day at $35.92.

All the posturing and crazy hate on Truth Social didn’t help.

But readers, you don’t care, I think? You didn’t care about 34 felony convictions, or being labeled a rapist by a judge, or the judgements against Trump, or the other federal cases which will never be tried. What about mass deportations? Nah. Or the threat of fluoride being removed from our drinking water? Or no vaccines?

So, the fact that Trump Media reported a quarterly loss of $19 million today means nothing. He’s still a great businessman! Unless, of course, you invested with him!

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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