Tuesday, April 09, 2024

Trump Media Continues Downward Spiral


This week courts rejected the $175 million bond package submitted by Donald Trump, in order to mount the appeal of his conviction on corruption charges in New York, after they were unable to verify the financial backing of his guarantor, Knight Speciality Insurance [click here if you missed that]. 

This news did not bode well for Trump Media stock...

Last month Trump Media & Technology Group, majority stake holder in Trump's social media platform, "Truth," received a huge cash infusion after it's initial public offering [click here if you missed that]. 

The stock has been on a steady downward slide ever since. 

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