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szaba_the_hut

13,609 Posts.

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02/04/24

14:49

Post #: 73150024
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Originally posted by Lomu: ↑

Looks like another Trump bankruptcy on the way.

Remember all the commentary about how much money Trump's making? What a great businessman he is? We;re all on a stockmarket forum so I can ssume you all know how to read a chart. This is the one-day performance of DJT on the Nasdaq.

View attachment 6075428
This occurred after the company was required to publicly post its financials and- surprise, surprise- it's an absolute failure. Revenues of barely $4 million dollars, losses of $58 million dollars.

The share price is still dropping as I type. Not surprisingly, it'll be all the mum-and-dad investors that bought into all the hype and will be left holding the bag when this meme stock dies.

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Sure day traders who bought in yesterday will get burnt

But those who owned the stocks prior to launch or bought in early made a motza!
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