On a day where the market was up big, basically because Trump un-threatened his threatened tariffs on the EU, DJT (Trump Media Group) dropped 10.38% on over 10x's average volume traded.
Why Toasty, why did this happen?
Because they are going back to the wishing well for more of other people's money, to be put at risk, so mostly they gain no matter what.
https://www.cnbc.com/2025/05/27/djt-trump-media-bitcoin.html
Yup instead of using the 100's of millions in cash they have on the books, that they are depleting at roughly 30 million a quarter in loses, they want you to put up even more money so they can buy Bitcoin.
Now I fully admit I've been wrong about bitcoin, but buying an asset at all times highs, backed by nothing, no earnings, no land, no equipment, no IP, just pure speculation, is not something I would do with my money.
But if other people were to give me 2.5 billion, and I was going to get a piece of that 2.5 B winner or lose, yeah I'd do that.
Wonder if there is a provision in there to buy themselves a few Trump Coins while they are at it, for even better self dealing purposes.
For me the Grind never stops, for them the Grift never ends.
Perhaps that huge volume is people reaching the end of their patience, but probably not.
www.forbes.com
