Donald Trump is the majority owner of Trump Media, which owns social media platform Truth Social and trades as DJT on the Nasdaq.
  • tal@lemmy.todayEnglish
    291·
    7 days ago

    checks Yahoo Finance

    It’s lost 29.69% of its value in the last five days.

  • foggy@lemmy.world
    13·
    7 days ago

    Oh that’s beautiful. It’s actually been a pretty good week for tech considering there was a pretty bad couple of days last week.

    Trump’s stock is almost the lowest it’s ever been. It’s lower than the IPO price.

  • acosmichippo@lemmy.worldEnglish
    7·
    7 days ago

    so not only is the stock plummeting, it means the employees there have no confidence in the company whatsoever lol.

    • etchinghillside@reddthat.com
      4·
      7 days ago

      Eh, consider selling and diversifying if you’re ever in this situation. (Not working for Trump Media – but an IPO after lockup expires.)

      • Kalkaline @leminal.space
        2·
        7 days ago

        You’re just not beating the S&P 500/Whole Market funds without some luck over the long run. My house has done it, and a handful of my individual stocks have done it.

    • MagicShel@programming.dev
      3·
      7 days ago

      If I hadn’t been out of work for months, I’d have started an account just to short it. It’s rare to find such a sure bet.

    • kenopsik@lemm.ee
      10·
      7 days ago

      “Lockup” is an investment term. When a company has an IPO (Initial Public Offering, which is the day they become publically available for stock trades), the big shareholders and company employees who are invested ahead of the IPO are “locked” from selling their shares for a certain number of days. This isn’t required, but most companies having an IPO end up having a lockup period set as well.

      In regards to this headline, it just means that the initial investors and big shareholders are now free to sell their shares, which they are apparently doing in droves!

      • tal@lemmy.todayEnglish
        21·
        7 days ago

        which they are apparently doing in droves!

        There was a rather public legal fight earlier with two of the co-founders (not Trump) who were trying to exit and claiming they had the right to do so earlier than the lockup date and that the company wasn’t letting them do so. IIRC, they held about 10% of the company.

        I’d assume that they got out or started getting out as soon as possible.