The MeidasTouch Podcast Trump Stock is FINALLY CRASHING Because OF THIS…
Jun 19, 2024
The decline of Donald Trump's media company comes under scrutiny, with a staggering 39% drop since May. Legal troubles and high cash flow issues paint a bleak picture for investors. The podcast dives into the complications surrounding early investor shares and the implications of Trump's controversial actions. From operational challenges to dependence on open source software, the risks are mounting. Listeners get an eye-opening perspective on the future of Trump's social media platform amid escalating legal battles.
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Trump Media Stock Crash
- Donald Trump's Trump Media stock has plummeted 39% since his conviction on 34 felony counts.
- The company also faces massive losses, reporting a $327 million loss in Q1 2024 against only $700,000 in revenue.
Red Flags in Trump Media Filings
- Trump Media's amended S-1 filing reveals serious issues, including warnings for investors.
- Ben Meiselas, with experience working on SPACs, analyzes these red flags.
Trump's Platform Exclusivity Issue
- Investors were allowed to sell shares, impacting stock price.
- A significant disclosure reveals Trump Media lacks effective remedies if Trump posts on other platforms, undermining Truth Social's exclusivity.