Trump Media stock will 'go to zero' if Donald Trump loses the election, expert says
By Curt_Anderson August 26, 2024 5:10 pm Category: Business (0.0 from 0 votes)
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I am actually OK with the mom and pop rubes who invested their hard-earned money in a Trump stock. They probably would have just squandered it supporting Republican candidates.
(QZ)Over the course of several months, shares of Trump Media & Technology Group have been declining. But the value of the company’s stock could plummet if its majority shareholder, former president and Republican nominee Donald Trump, loses the November presidential election.
“I would expect the stock to go to zero or something close to it, if he were to lose the election,” said John Rekenthaler, vice president of research at Morningstar (MORN). “This stock is predicated on Donald Trump winning the election.”
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