An investor says he put 98% of his retirement funds in Trump Media stock and won’t bail because Trump has a ‘secret’ plan
Posted: Nov 24, 2024
- Investors in Trump Media, a company supported by Trump, are heavily investing their retirement funds into the stock despite its volatility
- One user put 98% of their total retirement into the stock, lost 60%, but remains confident in the company's future
- Shares of Trump Media have soared 300% but retreated 40% recently
- A South Carolina retiree is concerned about losing $600,000 in Trump Media investments
- Executives of Trump Media have sold 536,000 shares since the election
- The company is losing money and considering creating a cryptocurrency payment platform
- Truth Social, part of Trump Media, is struggling with low revenue and competition from Elon Musk's platform
- Trump's return to the political scene diminishes the appeal of Truth Social as a platform for conservative expression
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