Donald Trump's stock has lost more than half its value since going public.
The decline in the value of shares caused the company to lose about $2 billion in value.
Donald Trump's stock has lost more than half its value since going public. The decline in the value of shares caused the company to lose about $2 billion in value, and Mary Trump wrote that TMTG has been in a free fall since it went public with its share price dropping below half of its opening price on March 26 debut and erasing all gains since then.
The price of Trump Media stock plummeted and two main investors behind the merger between Truth Social and Digital World Acquisition Corporation were charged with insider trading.
Shares of DJT's parent company had dropped more than 20 percent following the company's disclosure of a net loss of over $58 million at the end of 2023.
Accuracy
The value of a share in Donald Trump's company Trump Media & Technology Group (TMTG) has declined by more than half the amount it was valued at when the stock went public. In March, shareholders of Digital World Acquisition Corp (DWAC), an existing shell company, agreed to merge with TMTG.
Trading under the ticker DJT, shares of the company opened at about $70 a share when it went public on 26 March and reached a high of $71.9 before its profit and loss figures were released. Since then, the value has plummeted to less than half that amount.
The decline in the value of TMTG shares is lower than when markets opened on March 22 prior to the company going public, when each share was worth $44.2.
Deception
(50%)
The article is deceptive in several ways. Firstly, it states that the value of a share in Trump Media & Technology Group (TMTG) has declined by more than half since going public when this is not entirely accurate. The stock opened at $70 and reached a high of $71.9 before its profit and loss figures were released but then plummeted to less than half that amount, which is still above the original opening price.
The article states that the value of each TMTG share has declined by more than half since going public when this is not entirely accurate. The stock opened at $70 and reached a high of $71.9 before its profit and loss figures were released but then plummeted to less than half that amount, which is still above the original opening price.
The article states that Trump Media & Technology Group (TMTG) has been in a free fall since it went public when this is not entirely accurate. The stock opened at $70 and reached a high of $71.9 before its profit and loss figures were released but then plummeted to less than half that amount, which is still above the original opening price.
Fallacies
(75%)
The article contains several fallacies. The first is an appeal to authority when it quotes Mary Trump stating that the decline in the value of shares in Truth Social's parent company, TMTG, is 'the ultimate insult' to her uncle Donald Trump. This statement implies that because Mary Trump has a familial relationship with Donald Trump, her opinion on this matter should be taken as authoritative. However, it is important to note that just because someone has a personal connection to the subject does not mean their opinions are automatically correct or reliable.
Mary Trump stated that the decline in the value of shares in Truth Social's parent company, TMTG, is 'the ultimate insult' to her uncle Donald Trump. This statement implies an appeal to authority because it suggests that Mary Trump's opinion on this matter should be taken as authoritative due to her familial relationship with Donald Trump.
The article quotes a representative for Truth Social stating that the company has been in a free fall since going public, but does not provide any evidence or data to support this claim. This is an example of inflammatory rhetoric because it uses strong language and exaggeration to make the situation seem worse than it actually is.
Bias
(85%)
The article contains a statement that the value of shares in Trump Media & Technology Group (TMTG) has declined by more than half since it went public. This is an example of monetary bias as the author uses language that depicts TMTG's decline in stock value as a negative outcome.
The value of each TMTG share reached a high of $71.9 on March 27 before its profit and loss figures were released.
Site
Conflicts
Of
Interest (50%)
None Found At Time Of
Publication
Author
Conflicts
Of
Interest (50%)
Kate Plummer has a conflict of interest on the topics of Donald Trump and Mary Trump as she is an author for The Media & Technology Group (TMTG) which owns Digital World Acquisition Corp (DWAC), a company that was acquired by TMTG. Additionally, Kate Plummer's article mentions stock prices such as $70 a share and $34.26 a share, but does not disclose any financial ties to those companies.
Kate Plummer is an author for The Media & Technology Group (TMTG) which owns Digital World Acquisition Corp (DWAC), a company that was acquired by TMTG.
The article mentions stock prices such as $70 a share and $34.26 a share, but does not disclose any financial ties to those companies.
The company's market capitalization is now below $4.7 billion.
DJT shares closed at $34.26, well below the stock's opening price of $70.90 on March 26.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(30%)
The article is deceptive in several ways. Firstly, the title of the article claims that Trump Media shares closed down more than 8%, but this is not entirely accurate as it does not specify which share price was used for calculation. Secondly, the author uses sensationalism by stating that Trump Media's market capitalization has fallen below $5 billion when in fact it fell to just under $4.7 billion. Thirdly, the article implies that Trump Media is performing poorly financially as its revenue and net loss figures are mentioned but no context or comparison with other companies is provided.
The author uses sensationalism by stating that Trump Media's market capitalization has fallen below $5 billion when in fact it fell to just under $4.7 billion.
The article implies that Trump Media is performing poorly financially as its revenue and net loss figures are mentioned but no context or comparison with other companies is provided.
The title of the article claims that Trump Media shares closed down more than 8%, but this is not entirely accurate as it does not specify which share price was used for calculation.
Fallacies
(75%)
The article contains several fallacies. Firstly, the author uses an appeal to authority by stating that Trump Media's share price is down 44.71% month-to-date without providing any context or evidence for this claim. Secondly, the author uses a dichotomous depiction of Trump Media's stock performance by comparing it to its opening price on March 26 and the closing price of Digital World Acquisition Corp., which is misleading as it does not take into account other factors that may have affected the stock's value. Thirdly, the author uses inflammatory rhetoric by stating that Trump Media's share price is down
]The share price of Trump Media closed trading Wednesday down 8.57%, putting the company’s market capitalization below $4.7 billion.
Bias
(85%)
The author demonstrates bias in several ways. First, he uses a misleading title that implies that Trump Media is losing market value because of some external factors, rather than acknowledging the company's own performance and strategy. Second, he quotes an unnamed source who claims that Trump Media has been 'dog-whistling to supporters of extremist far-right ideologies and wild conspiracy theories like QAnon', without providing any evidence or context for this accusation. Third, he uses a deceptive phrase by saying that the company's biggest shareholder is former President Donald Trump, as if this was a negative thing or implied some wrongdoing. Fourth, he omits any information about the merger with Digital World Acquisition Corp., which could be seen as favorable to Trump Media and its investors. Fifth, he does not mention that Truth Social is expected to launch soon, which could boost the company's revenue and popularity. These examples show a clear bias against Trump Media and its founder.
Jonathan Raa | Nurphoto | Getty Images
The share price of Trump Media closed trading Wednesday down 8.57%, putting the company’s market capitalization below $4.7 billion.
Trump Media's share price is down 44.71% month to date.
Site
Conflicts
Of
Interest (50%)
Dan Mangan has a conflict of interest on the topics of Trump Media and market capitalization as he is reporting on the stock performance of Digital World Acquisition Corp., which merged with Trump Media. He also mentions Omar Marques, who was involved in the merger.
Digital World Acquisition Corp.
#DWAC sharesholders approved the merger with Trump Media that took that company public days later.
merger with Trump Media
Author
Conflicts
Of
Interest (50%)
Dan Mangan has a conflict of interest on the topics of Trump Media and market capitalization as he is reporting on the stock performance of Digital World Acquisition Corp., which merged with Trump Media. He also reports on Omar Marques' involvement in Lightrocket Getty Images, which was mentioned in relation to Trump Media.
Digital World Acquisition Corp.',
#DWAC sharesholders approved the merger with Trump Media that took that company public days later.
The value of a share in Donald Trump's company Truth Social & Technology Group (TMTG) has declined by more than half the amount it was valued at when the stock went public. In March, shareholders of Digital World Acquisition Corp (DWAC), an existing shell company, agreed to merge with TMTG.
Trump Media closed trading Wednesday down 8.57% and its market capitalization is now below $4.7 billion.
Shares of DJT's parent company had dropped more than 20 percent following the company's disclosure of a net loss of over $58 million at the end of 2023.
Accuracy
Trump Media stock plummeted and two main investors behind the merger between Truth Social and Digital World Acquisition Corporation were charged with insider trading.
The value of a share in Donald Trump's company Trump Media & Technology Group (TMTG) has declined by more than half the amount it was valued at when the stock went public. In March, shareholders of Digital World Acquisition Corp (DWAC), an existing shell company, agreed to merge with TMTG.
Trump's surety firm backing $175 million bond in his civil fraud trial is insolvent and may not have actually agreed to pay the penalty if Trump cannot come up with the money.
Deception
(30%)
The article is deceptive in several ways. Firstly, it implies that Trump's financial house of cards is collapsing when the Bloomberg Billionaires Index only removed him because he no longer qualifies as a billionaire due to his stock price drop. Secondly, the article suggests that there are allegations surrounding Trump Media being a pump-and-dump scheme concocted by Trump to funnel credulous supporters' money towards his mounting legal debts when it is not clear if these allegations have any basis in fact. Lastly, the article presents information about Alabama's secretary of state claiming that the Democratic National Convention is taking place too late for the party to get its nominees on the ballot without providing context or clarification on this claim.
The Bloomberg Billionaires Index only removed Trump because he no longer qualifies as a billionaire due to his stock price drop.
Fallacies
(70%)
None Found At Time Of
Publication
Bias
(75%)
The article contains multiple examples of bias. The author uses language that dehumanizes Trump and his supporters by referring to them as 'credulous'. This is an example of religious bias. Additionally, the author implies that Trump's financial troubles are a result of his personal character rather than external factors such as legal issues or market forces.
The Republican presidential nominee, who has made his personal wealth central to his candidacy since 2016,
Site
Conflicts
Of
Interest (50%)
The author of the article has multiple conflicts of interest related to Donald Trump and his businesses. The author mentions that Trump Media stock is insider trading and a pump-and-dump scheme concocted by Trump to funnel credulous supporters' money toward his mounting legal debts.
pump-and-dump scheme concocted by Trump
Trump Media stock
Author
Conflicts
Of
Interest (50%)
The author has multiple conflicts of interest on the topics provided. The author is a reporter for New Republic and therefore may have financial ties to the company that owns Trump Media stock.
Trump Media and Technology Group Corp stock is now subject to short-selling
The drop in the value of shares caused the company to lose about $2 billion in value
Mary Trump writes that TMTG has been in a free fall since it went public, with its share price dropping below half of its opening price on March 26 debut and erasing all gains since then
Accuracy
No Contradictions at Time
Of
Publication
Deception
(50%)
The article is deceptive in several ways. Firstly, the author uses sensationalist language such as 'ultimate insult' and 'betting on failure', which creates a false sense of urgency and importance around TMTG's stock performance. Secondly, the author quotes Mary Trump out of context to make it seem like she is confirming that TMTG is failing when in fact her statement was more neutral. Thirdly, the article omits important information about TMTG's financial situation such as its revenue and debt levels which could have provided a more accurate picture of the company's performance.
The author quotes Mary Trump out of context to make it seem like she is confirming that TMTG is failing when in fact her statement was more neutral
The article omits important information about TMTG's financial situation which could have provided a more accurate picture of the company's performance
The author uses sensationalist language such as 'ultimate insult'
Fallacies
(85%)
The article contains several fallacies. The author uses an appeal to authority by citing Mary Trump's newsletter as a source of information about the stock's performance. This is problematic because Mary Trump may not be an expert in the field and her opinions should not be taken at face value without further investigation. Additionally, the article contains inflammatory rhetoric when it describes investors short-selling TMTG as delivering 'the ultimate insult'. The author also uses a dichotomous depiction of TMTG's performance by describing its initial surge in trading and subsequent drop in value. This creates a false sense of binary opposition between success and failure, which is not accurate. Finally, the article contains an informal fallacy when it describes Mary Trump as saying 'there isn't much Donald can do at the moment'. The author should have provided a direct quote from Mary Trump to support this claim.
The appeal to authority:
Bias
(85%)
The article contains examples of religious bias and monetary bias. The author uses language that depicts one side as extreme or unreasonable by saying 'ultimate insult' when referring to the stock drop. Additionally, the author mentions Mary Trump's newsletter on Substack which is a platform for independent writers and psychologists, implying her credibility in discussing financial matters.
Additionally, the author mentions Mary Trump's newsletter on Substack which is a platform for independent writers and psychologists, implying her credibility in discussing financial matters.
The article uses language that depicts one side as extreme or unreasonable by saying 'ultimate insult' when referring to the stock drop.
