$Trump Media & Technology(DJT)$
$Trump Media & Technology(DJT)$ The 8-K filed this morning is the only important piece of new information. The filing says that Trump can sell 36 million shares of this stock at any time after April 25. He is going to sell, as he is not an idiot, and he recognizes that the shares are completely divorced from fundamentals.
The best comp, X (previously known as Twitter) has lost 73% of its value since Musk bought it, according to Fidelity, which just wrote down its stake in the company. Very few shares of $Trump Media & Technology(DJT)$ have been shorted, as the 500-700% borrow rates are prohibitive. Expect that to change in late April, as Trumps shares get dumped into the market.
If Trump were able to sell the 36M shares at today's prices, it would more than double his net worth. He's going to sell those shares, to say nothing of what he'll do once his 6 month lockup ends on his much larger holdings. This is going to be a rough couple of weeks for the shares
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