All those still holding the bag on September 20 when Trump can start selling this make-believe stock are going to get crushed. And they deserve it.
Source: CNBC
The monthslong Trump Media stock slide continued Wednesday, as shares of the company majority-owned by former President Donald Trump fell below $20 for the first time since the Truth Social maker went public more than five months ago.
The stock price of DJT touched a low of $19.38 per share around midday, marking a drop of more than 75% from its intraday high on March 26, the day the company debuted on the Nasdaq stock exchange.
Trump Media ended Wednesday’s trading session down more than 4% at $20.10 per share.
Trump Media has also lost more than half its value since its recent surge on July 15, the first trading day after the Republican presidential nominee narrowly survived an assassination attempt at a campaign rally in Pennsylvania.
Ok, but so what? Why does this even matter? Well, on September 20 Donald Trump gets to cash out with his make-believe stock and take home some very real money. More than $2.2 billion as of last Wednesday's stock price.
