Trump owns most of the stock.
by EricCartman (2024-04-29 14:12:34)

In reply to: Stock experts, explain DJT’s rise……  posted by Ty Webb

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DJT is the combination of two companies. It was Digital World Assets and Truth Social. The two companies combined into one. Combining the two companies gave the stock mojo, so it pumped, dumped, and pumped again (up 10% today).

This is not a GME scenario. I can't find the exact short open interest, but it cannot be that high since Trump owns the vast majority of the shares (> 60% if my memory is accurate) and the company is taking steps to prevent brokerages from lending out shares to short-sellers. (see recent SEC filings.)

This is more of a low-float stock getting bid up by people.

Losing millions of dollars is mostly irrelevant if there is an expectation of profits in the future. That could be the case here: Trump wins in November and he uses Truth Social exclusively for WH communications, driving up traffic and ad revenue. (This is speculation. I have not seen anything stating that this is Trump's plan, it is just the only logical conclusion.)



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