It’s fun watching Trump’s Truth Social flush down the toilet

It’s fun watching Trump’s Truth Social flush down the toilet

Less than a week ago, on April 2, I wrote about Trump Media & Technology Group’s disastrous 8-K filing with the Securities and Exchange Commission, which literally said the company that owns Truth Social couldn’t pay its bills. At the time, the company was worth $8.84 billion, with Donald Trump’s share valued at a whopping $5 billion. 

But as I wrote then, Trump would never see that kind of money, and the week since hasn’t disappointed. 

As I write this, TMTG—whose stock ticker is Trump’s initials, DJT—is down nearly 11% today, and down more than 23% in the past five days. The company’s market cap is now just under $5 billion, bringing Trump’s share to $2.8 billion, almost halved from its peak. 

And to be very very clear, TMTG is worth nowhere near $5 billion. So how much might it actually be worth?

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