Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.
But there’s a downside to going back to the market with new shares: A new public stock offering of 21.5 million shares announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump.
Shares of TMTG (DJT) fell more than 15% Monday. The stock had rocketed higher in recent months in anticipation of merging a blank-check acquisition company with Trump’s media business. But it has lost more than 60% of its value from its peak on March 26, the day after the merger was completed and it started trading publicly as TMTG.
I mean if you were looking at META in November 2023, you would say the same thing right? It was down 75% from ATH. It was dropping WAY faster than Truth social has been. I mean the metaverse? C’mon.
Since then its run up 500%. Is meta 500% more valuable than it was 2 years ago?
AMD ran up from $2 in 2016 to $160 today. That’s a 8000% increase. Did they start doing 80x the business?
Prices don’t mean shit. Fundamentals don’t mean shit. Nothing means anything. Its bullshit stacked on bullshit stacked on bullshit.There is no inherent meaning to price and value. Its all relative made up bullshit. Its not untrue to say that its all a fugazi. You just gotta appreciate that its all made up before you wade in.
Cool, it sounds like you’re getting it. Read “Trading & Exchanges” by Harris and “Reminisces of a Stock Operator” by Lefevre about Jesse Livermoore. Just a suggestion