Truth social floated on the stock market in March, and the share price has fallen from a high of $79 to under $13 and now back to $16.50.
https://www.google.com/finance/quote/DJT:NASDAQ
The company keeps losing money and doesn’t have the sort of revenues that would even justify this new lower valuation. Is it being propped up by Trump cultists and those who are happy to funnel their money towards him? Or is there some reason to think it might one day have value?
Will the share price fall below $10 by the end of trading on 31st October?
If the share price falls below $10.00 according to this page (not including out-of-hours trading) even temporarily, this market will resolve to YES. If the final trading day of October ends without this happening, the market will resolve to NO.
1,000
1.00@JesWolfe agreed, election seems far too close for the stock to crash right before election day. it will plunge following another DJT loss at the polls.
@SebastianWorms I doubt he would sell prior to the election, unless he expects to lose this far out. The presumption is that the stock will pump massively in the event of Trump being elected. If he sells beforehand, it would most likely be shortly before the election, where it may even be the case that the stock pumps on a purely speculative basis.
@Dimension40 still an extra source of potential downward pressure that wasn't present in earlier months