Precisely. The other notable component of this is that Truth, for all intents and purposes, is already fully liquidated.
DJT has existed since July ‘21. It received a high initial bump, then settled down to the ca. $17 level before the merger was approved, which led to a large bump and then the IPO, which made it soar. Being back down to its’ lowest ever value means that the value of “Truth” is absolutely nothing.
This is the all-time valuation with the pin showing the original trading value of $17.33. The second bump is the Truth IPO.
And this shows the bump after the Truth IPO. As you can see, the total value is completely gone. Along with all of the MAGAt’s life savings that went directly into short-seller’s pockets (and I’m very pleased to know one of them is a BBSer; treat yo self to something nice, @veggiespam!).
