Truth Social is Down “Like a Dog” After Florida Judge Drops YUGE Legal Hammer

Well, folks, it looks like the Trump train just hit a pothole—no, scratch that, more like a sinkhole the size of Mar-a-Lago. DJT shares, the crown jewel of Donald Trump’s social media empire, Truth Social, have taken a dip below $20. 

This is the first time that’s happened since their glittering debut on the Nasdaq back in March. If you’re keeping score at home, that’s what we call a steep fall from grace. And of course, the timing couldn’t be more “Trumpian.”

So, what’s behind this sudden drop? Let’s not kid ourselves—this isn’t just another bad hair day for Trump. The six-month lockup period is about to expire on September 25th, and that means Trump and his fellow big-name shareholders can finally start selling their shares. It’s like a high-stakes game of Jenga, and the whole tower is wobbling.

Trump holds around 59% of the company—a stake that was once worth a jaw-dropping $2 billion. But with DJT shares in freefall, based on my calculations (you’re welcome) that figure is down to about $1.22 billion, nearly half. 

The big question on everyone’s mind: Will The Donald cash out? He’s got a campaign to run, legal battles on multiple fronts, and a lifestyle that doesn’t come cheap (gold-plated everything isn’t free, after all). The temptation to sell must be as strong as Trump’s love for tweeting… er, “Truthing.” If he does decide to sell, the market reaction could be brutal.

But let’s not pretend DJT was ever a stable investment. This stock has been about as predictable as a Trump press conference—swinging wildly depending on the latest headlines and not-so-presidential outbursts. One minute, it’s riding high on the MAGA wave, and the next, it’s crashing harder than Trump’s chances at getting another invite to the White House Correspondents' Dinner.

But let’s be real here, DJT is no different from Gamestop or AMC. It’s a meme stock. And we all know what happens to meme stocks: they either soar to ridiculous heights or crash and burn spectacularly. With the stock down roughly 77% from its March highs, it's looking more like the latter. The broader market decline hasn’t helped either, but DJT seems to be carving out its own path to the bottom, with or without the Nasdaq’s help.

And just when you thought the Trump circus couldn’t get any wilder, a Florida judge threw a wrench into Truth Social’s latest desperate move. On Thursday, the company tried to block the sale of 18 million shares by two of its co-founders, claiming it would cause “irreparable harm.” But the judge essentially said, “Tough luck, you’ll have to suck it up.” Translation? When those shares hit the market, it could be a fire sale, and not the good kind.

So, what’s next? I think we all know the truth (no pun intended). When that lockup period ends on September 25th, be ready for a stock crash as Donald would say “to the likes we’ve never seen before.”

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