Donald Trump supporters who invested in Truth Social stock get completely blindsided as the Trump Media stock continues to plunge and more shares are announced in a likely financial scheme to solely benefit Trump. John Iadarola and Francesca Fiorentini break it down on The Damage Report.
"The share price of Trump Media closed trading down more than 18% on Monday after the company disclosed plans that would allow existing investors to exercise stock warrants.
DJT shares closed at $26.61. Trump Media, which created the Truth Social app and trades on the Nasdaq, fell nearly 20% last week.
The company’s dramatic slide came as Donald Trump sat in a Manhattan courtroom for the start of his criminal trial on hush money-related charges. Trump is the majority stakeholder in the company.
Since it began public trading on March 26, Trump Media’s share price has fallen more than 62%, from an opening price of $70.90 that day down to around $27 on Monday."
