Quote:
Originally Posted by finnbow
Truth Social is imploding bigly. It's now under $20 after topping out over $70.
[I]Phillip Juhan, Trump Media’s chief financial officer and treasurer, recently disclosed selling $1.9 million worth of stock. Trump Media’s general counsel Scott Glabe, chief operating officer Andrew Northwall and chief technology officer Vladimir Novachki made smaller sales last week too.
Even Devin Nunes, the former Republican congressman who now serves as Trump Media’s CEO and president, dumped $632,000 worth of stock ...
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Just imagine the depths to which it will sink when Trump finally gets to unleash his position. I haven't looked into it, but I would have to guess that the short position is massive and I would have to further guess that at this point, stock would be prohibitively expensive to borrow.