this post was submitted on 15 Oct 2024
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  • Trump Media shares closed down nearly 10% after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s stock suddenly plunged in price.
  • DJT stock, which had been up more than 13% earlier in the afternoon, had abruptly turned more than 6% lower on the day at the time the halt occurred.
  • The stock drop came during the highest-volume day for Trump Media since it started publicly trading on the Nasdaq following a business merger with a blank-check firm.
top 19 comments
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[–] Coach 48 points 2 weeks ago (2 children)

Say it with me now, pump n' dump.

[–] [email protected] 37 points 2 weeks ago (1 children)

Probably triggered by his 'let's just listen to music instead of doing a rally' stunt that shows he's lost his marbles (more than usual).

[–] [email protected] 13 points 2 weeks ago (1 children)
[–] mercano 35 points 2 weeks ago (1 children)
[–] [email protected] 19 points 2 weeks ago (2 children)

the music portion of the event, which opened with “Ave Maria.”

Umm…I got nuthin.

[–] Podunk 23 points 2 weeks ago

Ave Maria is "classical music" for people that cant pronounce Tchaikovsky. Pavarotti has a great rendition, but hell, Celine Dion did one too. Its not that special.

Franz Schubert just set an excerpt of a Sir Walter Scott poem to music for christs sake! Why does it exist on such a pedestal?

All im saying is that ave maria is like trump. It holds a position of esteem for people that know nothing about art or success or value. It is the golden toilet set inside a cookie cutter McMansion in the middle of Frisco Texas.

Sure, you can impress your neighbors with it, but the bank is reposessing that house and toilet along with your new wake boat next week too. Who are you really impressing?

[–] FlyingSquid 3 points 2 weeks ago (1 children)

What, you've never gotten down on the dance floor to the funky beats of Ave Maria?

[–] dyathinkhesaurus 11 points 2 weeks ago

Trump 'n' dump?

[–] RagingSnarkasm 28 points 2 weeks ago (1 children)
[–] [email protected] 13 points 2 weeks ago (1 children)

They couldn’t pay me to take it.

[–] RagingSnarkasm 8 points 2 weeks ago (1 children)

That would still be overpriced.

[–] [email protected] 5 points 2 weeks ago

It cost too much just to read this

[–] atempuser23 21 points 2 weeks ago (2 children)

It’s a mystery what triggers stops of trading. The percentage drop isn’t that great and the dollar total is trivial compared to the market as a whole.

[–] twistypencil 8 points 2 weeks ago

You can find the specific rules on the sec site

[–] [email protected] 6 points 2 weeks ago

There are breakers on individual stocks now in both directions I believe. It's not a market wide stop.

[–] [email protected] 17 points 2 weeks ago

following a business merger with a blank-check firm

Oh look, another bribe

[–] [email protected] 5 points 2 weeks ago

Everything with this guy is a scam. I wonder what this one is going to be.

[–] Numenor 2 points 2 weeks ago