Today is the day that creepy Donald Trump can start selling his stock in his social media company Truth Social, in which he is the majority shareholder. Since this company is basically worthless since its operating costs vastly exceed its revenues, it is considered a meme stock, one whose value is sustained by people wanting to believe in it and thus buying and holding on to it even when it makes no investment sense.
But many people were not willing to be so loyal and ever since July 15, the share price has been steadily decreasing from about $40 on that day to $13.55 today, which is well below its peak value of around $80 on March 27.
The price went up a little last week to $18 when creepy Trump said that he had no intention of cashing out and selling his stake in the company. To me …