Truth Social Warns: Trump’s Actions Could Tank Us

CNBC reports:

Shares of Trump Media & Technology Group dropped more than 13% on Tuesday, continuing the stock’s tumble following the conviction of former President Donald Trump, the company’s majority shareholder. Trump Media shares, which trade under the ticker “DJT,” are down about 40% since May 30, when a New York jury found Trump guilty of 34 felony counts of falsifying business records.

The company on Tuesday also amended its registration statement to warn investors that there is little the company can do to stop former President Donald Trump from using other social media platforms, beyond the company’s signature Truth Social network. Such a scenario, the company cautions “could have a material adverse effect on the business and/or operations of TMTG.”

Read the full article. Elon Musk reinstated Trump’s X account shortly after buying the company. Trump has 20 times the followers on X that he does on Truth Social, but so far he has somehow resisted returning to X.

Trump Media stock has been absolutely tanking over the last month, and 600,000 MAGA investors are losing their money as another Trump failed business venture crashes and burns while CEO Devin Nunes fumes. Story. https://t.co/yu6qtdao3I

— Ron Filipkowski (@RonFilipkowski) June 18, 2024

DJT shares tumble 13% as Trump Media stock sell-off accelerates https://t.co/OB9KvtQNIq

— CNBC (@CNBC) June 18, 2024