Since the nature of their Truth API revelation, Trump Media & Technology Group (DJT) share price was boosted, as this one month chart illustrates.
Source: yahoo!
It also illustrates that it’s as if investors are somewhat dubious. Did some investors rush into the stock on the news without regard to the corrupt nature of the practice in late August, creating a temporary boost? But the bulk of the investors looked at the corrupt nature of the offering and are choosing to stay away? I had expected to see a bigger leap in DJT’s share price, before a likely decline. The decline has come quickly, and the press releases and discussion don’t really address it.
It’s also worth noting that Bitcoin and $TRUMP, having been boosted back in mid August by President Trump’s Secretary of the Treasury, Scott Bessent’s, maneuver in the bond market that shored up cryptocurrencies, have continued to move up. Bitcoin is now nearly $80k/coin, from the low $60K range, and $TRUMP has moved from $1.50/coin to $2.26/coin, although it’s fallen a bit over the last week or so.. I’d think DJT would be moving up, since it holds the two, but it isn’t. Perhaps “treasury” of DJT no longer holds them.
Well, if I were looking for new investments, the corrupting nature of Truth API, as well as the government maneuvering to shore up cryptocurrencies rather than resolve financial deficits, close down Trump’s War, etc, would discourage an investment in any of three. But what do I know? I’m not a financial advisor, just some guy disgusted with the shearing of the Trump investors.
