There is more to the Trump Media stock tanking, they have filed to issue more shares which will dilute the current stocks in the market and this is just a start since more share will be floated in the market as time goes on,
Trump Media Stock Price in Free Fall as It Files to Issue More Shares
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The SEC filing shows that Trump Media plans to increase the number of available shares by 15%, CNN reports. This could devalue the shares of existing DJT shareholders, including Trump Media’s largest shareholder, Donald Trump himself. The filing also included a provision that could allow Trump and other insiders to one day sell their stock, after an initial lockup period expires in Sept.
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IPO snagged $300 Million in new money, this may be a continuation of fleecing their sheeple.
https://www.msn.com/en-us/money/mark...es/ar-BB1lF6QX