this post was submitted on 12 Sep 2024
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[–] [email protected] 22 points 2 months ago* (last edited 2 months ago) (3 children)

John Rekenthaler, vice president of research at Morningstar (MORN+0.470%), previously called DJT an “affinity stock” — one that trades on people’s feelings and perceptions of the former president, rather than its business performance. Rekenthaler warned that Trump Media stock would “go to zero or something close to it” if Trump were to lose the presidential election in November.

These new lows come just weeks before Trump will get the green light to offload his 114.75 million shares of Trump Media, or about 60% of the company’s outstanding stock. The Republican presidential hopeful stands to make upwards of $2 billion from the stock sale — although the value of those returns depends on the share price.

I think that it's going to go to "zero or something close to it" once Trump starts bailing out. I don't think that it's going to need to reach the election and have Trump lose.

[–] [email protected] 9 points 2 months ago

Agreed. He doesn’t care about the shareholders. He will just dump and leave the suckers holding the bag.

I just wish the blackout period extended beyond the election. If he lost, his stake could be just a fraction of what it is today.

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