Truth Social Hits All-Time Low as CEO Sells His Crashing Stock

Quick Summary:

Around midday Tuesday, shares dropped below $18, setting a new record low since the company began trading after merging with a blank check acquisition company in March.

  The share price of former president Donald Trump's Truth Social meme stock has plummeted to a new low.

The crash shouldn't come as much of a surprise, as it wouldn't be surprising if Trump himself pulls the rug on investors within just weeks.

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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets: United States

Topics: Truth social The digest Future Society Twitter Donald trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 13:47:19 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 22366960

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