Wall Street loves DJT!

Always in His Presence · Mar 26, 2024

Trump Media Company Stock Price Skyrockets in First Day of Public Trading

The stock's activity was so intense after the market's opening bell that trading in it was suspended briefly.

www.westernjournal.com

The new company resulted from a merger of Trump Media and Technology with Digital World Acquisition Corp., as The New York Times reported Friday.

At 1 p.m. Tuesday, its stock was trading at $72.73 a share.

DWAC, the company’s previous Wall Street ticker symbol, which has been replaced by DJT, closed Monday at about $50 a share, according to Yahoo Finance.

Trading in the new company’s shares Tuesday was so brisk that it was temporarily halted soon after the opening bell, according to AOL. When trading resumed, it started rising again.

The IbanezerScrooge · Mar 26, 2024

...in Biden's economy, LOL!

essentialsaltes · Mar 26, 2024

hislegacy said:
At 1 p.m. Tuesday, its stock was trading at $72.73 a share.

At close, it was $58.

durangodawood · Mar 26, 2024

Nooo, MAGA world, dont sell now! Hang on 6 short months so Trump can dump his shares of this completely moribund company at your expense.

The Barbarian · Mar 26, 2024

Investors who previously expressed interest in buying shares of Digital World Acquisition Corp. terminated $191.5 million in planned investments, bringing the total cancellation of such investments to $467 million out of a $1 billion original commitment, the firm revealed in Thursday filings with the Securities and Exchange Commission.

Trump’s SPAC Loses Nearly $200 Million In Stock Purchase Deals

Shares of Digital World Acquisition Corp. are down more than 80% from last spring as its merger with Truth Social’s parent company faces increased hiccups.

www.forbes.com

Digital World Acquisition Corp shares saw a sharp stock decline following approval from shareholders to merge with Trump Media & Technology Group, amid wider scrutiny of the former president's financial obligations.

As the approval news broke early on Friday, DWAC's stock plummeted by nearly 10 percent in stark contrast to the surge that had occurred in anticipation of the merger vote. The move casts a shadow over the newly formed Trump Media, which is set to trade under Trump's initials, DJT.

The merger, coming as Trump grapples with a substantial civil judgment, could add billions to his net worth, yet the market's immediate reaction could signal investor apprehension at the deal's completion and its future prospects.

Donald Trump's stock drops after DWAC merger news

Trump's DWAC merger was approved but the company saw its stock quickly drop amid the former president's civil judgment and campaign funding plans.

www.newsweek.com

The Barbarian · Mar 26, 2024

Digital World Acquisition Corp - Class A
As of March 24, 2024 • 11:00 PM CDT
NASDAQ: DWAC
49.95

Today, ended at 61.98, so maybe it's fallen as far as it's going to for the time being.

durangodawood · Mar 27, 2024

hislegacy said:
Trump Media Company Stock Price Skyrockets in First Day of Public Trading

The stock's activity was so intense after the market's opening bell that trading in it was suspended briefly.

www.westernjournal.com

The new company resulted from a merger of Trump Media and Technology with Digital World Acquisition Corp., as The New York Times reported Friday.

At 1 p.m. Tuesday, its stock was trading at $72.73 a share.

DWAC, the company’s previous Wall Street ticker symbol, which has been replaced by DJT, closed Monday at about $50 a share, according to Yahoo Finance.

Trading in the new company’s shares Tuesday was so brisk that it was temporarily halted soon after the opening bell, according to AOL. When trading resumed, it started rising again.

The question for you is: would you feel comfortable buying this stock for anything other than trying to time when to dump it in the very near future, like Game Stop.

Anyone looking at the basics sees an investment of very little real value thats held aloft entirely by loyalty to the persona of Trump.

JustOneWay · Mar 27, 2024

The IbanezerScrooge said:
...in Biden's economy, LOL!

Indeed. Even Donald is excelling under Biden's economy! Awesome! Maybe I will go and get me one of Donald's new God bless the USA Bibles he is selling for $60 a piece....

Akita Suggagaki · Mar 27, 2024

durangodawood said:
Nooo, MAGA world, dont sell now! Hang on 6 short months so Trump can dump his shares of this completely moribund company at your expense.

Pretty much. The company is losing money. People are buying out of loyalty, not economic value.

DaisyDay · Mar 27, 2024

hislegacy said:
Trump Media Company Stock Price Skyrockets in First Day of Public Trading

The stock's activity was so intense after the market's opening bell that trading in it was suspended briefly.

www.westernjournal.com

The new company resulted from a merger of Trump Media and Technology with Digital World Acquisition Corp., as The New York Times reported Friday.

At 1 p.m. Tuesday, its stock was trading at $72.73 a share.

DWAC, the company’s previous Wall Street ticker symbol, which has been replaced by DJT, closed Monday at about $50 a share, according to Yahoo Finance.

Trading in the new company’s shares Tuesday was so brisk that it was temporarily halted soon after the opening bell, according to AOL. When trading resumed, it started rising again.

The line goes up.

iluvatar5150 · Mar 27, 2024

durangodawood said:
The question for you is: would you feel comfortable buying this stock for anything other than trying to time when to dump it in the very near future, like Game Stop.

Anyone looking at the basics sees an investment of very little real value thats held aloft entirely by loyalty to the persona of Trump.

I want to know how the folks boosting this feel about the obvious conflict of interest this poses for Trump both now as a candidate and especially later if he wins. People were worried about Biden maybe getting a 6-to-7-figure cut of his son's deals in China, and now you have a presidential candidate with a couple billions of dollars worth of stock in an unprofitable media company.

Always in His Presence · Mar 27, 2024

iluvatar5150 said:
I want to know how the folks boosting this feel about the obvious conflict of interest this poses for Trump both now as a candidate and especially later if he wins. People were worried about Biden maybe getting a 6-to-7-figure cut of his son's deals in China, and now you have a presidential candidate with a couple billions of dollars worth of stock in an unprofitable media company.

If it is unprofitable then he looses more of his wealth.

The pundits should be rejoicing.

The Barbarian · Mar 27, 2024

Akita Suggagaki said:
Pretty much. The company is losing money. People are buying out of loyalty, not economic value.

Reports have confirmed that the company is bleeding cash. And the offering is trolling for suckers who believe his claims about how profitable it is.

The Barbarian · Mar 27, 2024

hislegacy said:
If it is unprofitable then he looses more of his wealth.

Unless he can sell shares in that fiasco to people dumb enough to trust him.

iluvatar5150 · Mar 27, 2024

hislegacy said:
If it is unprofitable then he looses more of his wealth.

That's not how this works, at all.

First off, I'm not aware that he's sunk any of his own money into this. I could be wrong, but my understanding is that he's basically trading on his name and his time, which is how he's structured many of his branding deals. So, unless there's some sort of tax provision that he owes money on the value of the shares when he acquired them rather than when he sells (which is a thing in some circumstances), there's basically no way for him to lose money on this.

Second, that isn't even how stock prices work. Sure, with old, established companies, stock prices roughly track profits, but with newer companies, it's mostly speculation and hopium that the company will eventually turn a profit. You could have people pumping money into this stock, propping it up for years before it finally tanks.

hislegacy said:
The pundits should be rejoicing.

I would laugh my butt off if this whole thing collapsed, but I'm not so delusional as to think that Trump is unlikely to emerge with a sizeable windfall.

Hans Blaster · Mar 27, 2024

hislegacy said:
If it is unprofitable then he looses more of his wealth.

The pundits should be rejoicing.

I've not seen any evidence that Trump put any of his own money (beyond some nominal sum, perhaps) into either company. It was all paper gains.

The Barbarian · Mar 27, 2024

Draining a corporation of cash, and then walking away when it goes bankrupt has been his primary source of income other than the fortune Daddy left him.

stevil · Mar 27, 2024

I can't see Trump sitting on this investment. When he is able to sell, he will sell as quickly and as soon as possible. More than 50% of the shares will be for sale all at once. If Trump can sell his $3B worth of shares for $100 million he will. Those left behind will find their shares next to worthless.

The Barbarian · Mar 27, 2024

No one ever trusted Donald Trump without living to regret it.

Vambram · Mar 27, 2024

The Barbarian said:
No one ever trusted Donald Trump without living to regret it.

In my opinion, no politician should be trusted. I don't trust any politicians.

Wall Street loves DJT!

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