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After 'circling the drain' Trump’s DJT stock finally plops in
DJT Is Not a Stock Story. It Is a Power Story.The Asset, Not the BusinessOne paragraph of context: Trump’s Truth Social vehicle, trading under DJT, has collapsed to a record low of $7.53 per share after being hyped near $94.20, briefly relaunching around $60 in early 2024, and then losing nearly 90 percent of its value. The company has burned through cash, posted a first-quarter net loss above $400 million, and kept lurching between abandoned plans and new gimmicks, including a merger pitch tied to a fusion power company.Who Actually Holds PowerThe real power in this story does not sit with…
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