Would it be possible to get away with a sale like that? Theoretically, I can imagine Trump placing a 10M share sell order at $70 when the stock is at $10 and then the Russian holding company placing a buy order for 10M shares, but I don’t think that would work in real life. I would guess that other sellers would put their shares for sale at some price between $10 and $70. The Russian holding company would need to buy up all the shares offered for sale between $10 and $70 to get to Trump’s shares. And then if such a sale were to take place, wouldn’t it be pretty obvious that’s what happened and resulting investigations would ensue?
This is the bit that’s interesting. 29% of the stock is available and the institutions who best understand the stock market aren’t buying any of it.
Sounds like Twuuthy social is going to branch out into TV Streaming. This announcement certainly helped the stock today. < s >
Business and TV streaming expert says:
Devin Nunes, CEO of TMTG, said: “We’re excited to move forward with the next big phase for Truth Social. With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services.
I read that as “We’ll be pushing crap that no other streaming service will touch because it’s absolute shite.”
They have updated the headline to 10%
Trump Media shares fall more than 10%, company says Truth Social to launch TV streaming
Certainly not “all”, and probably not even close, as blue chips are a major part of institutional portfolios. What those numbers are telling us is that the majority of shares were issued to Trump and his cronies, the balance were purchased by individuals, presumably MAGA acolytes who are now losing their shirts, and institutional investors understandably have no interest. I’m wondering if even that tiny 1% is mostly an artifact, perhaps due to closing out short positions.
Quite right. That was inappropriate, uncharitable, and stupid of me. I apologize; it won’t happen again.
As to a better list, I’m not much on chasing the latest start-ups. I expect we have people here who know how to do that.
Translation: “Trump Media shares took another dive after the company announced that it would increase the rate at which it was hemmorhaging money.” 
They can have my NRA TV when they can pry that .45ACP-replica remote control from my cold, dead hand.
Right, as I was about to point out (before reading your post) the infrastructure for running a video streaming service is a lot more expensive than for short text messages. And there are already too many streaming services, including attempts at right-wing ones from Mike Lindell, Ben Shapiro, and even supposed to be one on the way from Tucker Carlson. A streaming service will make Truth Social dream of the Good Old Days of losing only 50 million a year.
Looks like it will go below $20 today or tomorrow.
It just dipped UNDER $23.
It turns out there was a typo in their announcement. It should have been steaming content, not streaming content. 
Which means that folks who bought it immediately after the merger have lost almost 2/3 of their value – a hair more than 65%, from the height of $66.22 on March 27. Quite a rollercoaster for three weeks’ of investment.
Thanks, and no worries–it’s barely possible that I’ve been snarkier than called for on the rare occasion myself.
It’s like they are trying to lose as much money as fast as possible. Someone should check if there is a guy named Brewster involved, and he’s hoping to cash in on an inheritance.
Which makes one wonder if there is a scheme afoot so the likes of Trump can “buy” the company cheaply and then hope to cash in later?
Or, it’s all just a disaster (more likely I think).
He already owns a vast majority of the stock - they literally gave it away to him. It’s hard to ‘buy’ for less than $0. And, yes, he’s very likely hoping to cash in (or rather, cash out).
But unfortunately for him, he’s not allowed to do so for another 5+ months.
The thing is… he has 114 million shares that cost him nothing whatsoever. When he’s able, he could sell them all at an average price of $2/share and still walk away with $228 million in pure profit. For doing nothing except post unhinged rants while sitting on the toilet.
I’d take that kind of payout.
So as per today (22,9499 USD, -13,75 % -3,6601 USD and still falling) DJT Stock is not worth $6 Billion, but $2 Billion at most, of which $1.2 Billion are held by one Individual and two Corinthians that are not allowed to sell.
It is really a pity that there are no put options on DJT stock to be purchased in European markets, at least none that I can find. But just watching is fun too.
True, but from the POV of Trump he “earned” it all, and more, he earned it all at the full price.
To you or I, getting $228 million for nothing is huge. For him, he probably feels is/will be “cheated” out of several BILLION dollars.
Which says a lot about him.
True, but he’s not going to sit there holding a stock that is plummeting in value. He’s going to sell as fast as he can to wring the most out of this worthless asset, while still promoting it to the rubes.