Trump Completely CRUMBLES Over Truth Social Plummeting

Donald Trump's social media platform, Truth Social, stock price has continued falling more than 3.5%. John Iadarola and Sharon Reed break it down on The Damage Report.

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Shares of Trump Media fell to their lowest price since Donald Trump’s social media company completed a merger nearly five months ago.

Trump Media, which owns the Republican former president’s preferred social messaging platform Truth Social, ended the trading day at $22.24 per share, a drop of more than 3.5%.

The once-privately held firm merged with publicly traded Digital World Acquisition Corp. in late March, and began trading on the Nasdaq with the ticker DJT, soaring to a high of $79.38 per share. The stock price has continued to be volatile, but since mid-July has lost nearly half of its value.

Monday’s closing price is the lowest for the company since Jan. 12, when it was still trading under the DWAC ticker.

Trump Media’s stock slump in the past four weeks coincided with a swirl of seismic developments for Trump, who is both the majority stakeholder of Trump Media and a main draw for Truth Social users.

The share price surged on July 15, the first trading day after Trump was nearly assassinated at a campaign rally in western Pennsylvania.

Trump was formally nominated as the Republican presidential nominee two days later, bolstering the momentum he had already built up against President Joe Biden, who at the time was the presumptive Democratic nominee.

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#TheDamageReport #JohnIadarola #TheYoungTurks

240821__DR12TruthSocial

[pharaohbubbles]

Who woulda thought the guy who bankrupted casinos is a God awful businessman

[LasVegas]

Once again, we have to remind people that....EVERYTHING THAT TRUMP TOUCHES, DIES!!!!
Sorry not

[SleazyDonny]

Once Trump starts selling his shares, the share price will plummet even further. The only question is how much will Trump be able to sell before the share price goes to zero.

[christinac]

No sympathy for the punters who bought at $79. They were informed loudly and clearly that the stock was a grift. It satisfying to see it play out.

[jowbloe]

Jimmy Carter got out of his peanut farm to avoid any conflicts of interest.
There are NO limitations on conflicts of interest these days.
Trump (and all politicians) should divest of all holdings if they are going to hold office.

[einherjar]

But... but... Trump is a business genius!!?!

[MODea-pqei]

Nixon: A president that became a crook
Trump: A crook that became president

Both: GOP

[MikeOToole-bnon]

I'm pretty sure Trump will blame Biden for the drop of his stock value.

[Carcerian]

It's not going to his campaign, let's be real, it's all going in his pocket.

[dennisfraser]

Should have looked at his history of bankrupties.😂😂😂😂

[T.Z.MN]

How could anyone support a man who has dissed his own military, called his base dumb, butcher peoples names, say derogatory things against minorities, and wants to take away the ACA SSI and get out of world organizations once again.Anyone wanting this narcissist needs to question their own priorities.

[Arizonawatercolors]

No surprises here at all. Everything Trump touches, people included, turns to crud!💙

[paulford]

I'm astonished that anybody would fall for yet another scam like this, especially with Trump's history of grifting.

[marct]

Well all those poor magasters who invested in Truth Social are even poorer

[trinelauritzen]

Does this come as a surprise to anyone . Donald Trump belongs in jail

[michaelhodge]

Trump is bankrupting another company ? 😂😅😊 I'm clutching my pearls 😅😂😊

[george]

A poor down and out maga type who's lost the shirt off his back after being stiffed by Donald Trump's Truth Social collapse would make... um... interesting television leading up to an election. Just sayin.

[charleskoresko]

Pump and Dump. His good old grift from days gone by, typical.

[Al]

The sun rises every morning. People still need to pay their bills.Donny boy destroys everything he becomes a part of. Things didn’t change all that much in 2024😆 😆 💙

[michaelmillington]

This used to be a crime… many different crimes, actually.