Originally published at: https://boingboing.net/2024/05/30/donald-trump-loses-532-million-after-his-guilty-verdict-causes-trump-media-stock-to-plummet.html
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“Trump Media - Not Just An Idea But A Conviction”.
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If it takes the low road, that’s fine too.
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Given that Trump Media is worthless stock, it was going to go down anyways - I’m really not sure how much significance the verdict had in all of it. At most, I suspect the people cynically trying to make a buck off the gullible MAGAts decided this was a good time to dump their stock - which they would have done at some point regardless. The only people looking at Truth Social and thinking “yeah, this is a real business worth money” rather than a stack of scams wearing a trench coat are the MAGAts so brainwashed, the conviction means nothing to them.
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Aaaaaand it’s back up this morning. Because this is a stock that’s divorced from business reality.
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Powered by old people’s pensions? 
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Par for the course.
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Trump does have a lot of experience being divorced.
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Willing to bet that most of the call is coming from people looking to boost it up so they can unload. You know, a classic pump and dump scheme from the people doing classic crimes.
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Someone is charging hole fees.
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