Posted on 04/18/2024 9:47:14 PM PDT by mbrfl
After giving up the entirety of their post-merger gains, Trump Media and Technology Group (NASDAQ: DJT) shares are currently in the limelight for their elevated short interest. Yet, in a somewhat unusual move, the company is now advising concerned investors on how to prevent their shares from being loaned out for short positions.
Trump Media and Technology Group shares have now experienced two distinct mass liquidation waves in their post-merger phase. The first such wave materialized when the company disclosed that its Truth Social platform raked in a paltry $4.131 million in revenue in the entire of 2023, incurring a net loss of over $58 million. Do note that Trump Media's merger with the SPAC Digital World has unlocked around $193 million in proceeds, which should be sufficient to alleviate any near-term liquidity concerns.
(Excerpt) Read more at wccftech.com ...
make a movie
Sounds like a bust is coming..
I bought a few shares DJT on Wednesday at about $22.00/share as of now it is up to almost $35.00 share.
Congratulations
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