Trump's business genius and Trump Media stock [View all]

Next time a MAGA cultist talks about Trump being a business genius, point them to a chart showing the price of Trump Media stock.

At its launch in 2021, it closed at over $120 share. By the end of 2022 it was below $20/share. In 2024, for no particular reason, it got pumped back up to around $60/share. But since then, it has continued to look like the terrible investment it was -- it has struggled to stay above $10/share this year and currently is barely above $9

The only thing that stock is good for is harvesting capital losses as a tax offset, and while that probably works out well for Trump's billionaire buddies, most of the MAGAs that spent $$ for the stock probably don't have any gains to offset.

So much winning.