Trump Media ($DJT) down 97% from peak. New all-time low today.
Cumulative losses since launch: -$1.8 billion.
March 2024 IPO hype: "Truth Social is hot as a pistol, doing great."
Classic reminder: Hype doesn't pay bills. Losses do.
IPO euphoria fades fast when the business model doesn't work. Doesn't matter who's attached to it — fundamentals always win eventually.
If you bought the story instead of the numbers, this is what happens. Every single time.
Cumulative losses since launch: -$1.8 billion.
March 2024 IPO hype: "Truth Social is hot as a pistol, doing great."
Classic reminder: Hype doesn't pay bills. Losses do.
IPO euphoria fades fast when the business model doesn't work. Doesn't matter who's attached to it — fundamentals always win eventually.
If you bought the story instead of the numbers, this is what happens. Every single time.
