"Truth Social Investors Face Massive Losses as DJT Stock Tanks"

1 min read
Source: The Daily Beast
"Truth Social Investors Face Massive Losses as DJT Stock Tanks"
Photo: The Daily Beast
TL;DR Summary

Investors in Truth Social, Donald Trump's social media company, are trying to remain optimistic as the company's stock continues to plummet, despite a celebratory event at Mar-a-Lago. Trump's loyalists are holding onto hope, while retail investors on Truth Social are encouraging each other to stay faithful, attributing the stock's decline to mainstream media lies. The company's dire financial position, with minimal revenue and significant losses, has led to heavy shorting by investors. Trump, who owns a majority of Truth Social's shares, is also embroiled in a lawsuit with his co-founders over control of the company.

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