A social media boast by Donald Trump about a booming stock market early Friday morning was greeted with both alarm and anger by some of his supporters over the faltering value of Trump Media & Technology Group Corp (NASDAQ: DJT) stock.
The Wall Street Journal reported, “Investors around the world are in good spirits this morning, setting the S&P 500 on track to rise for its eighth straight week,” prompting the president to boast on Truth Social: “NEW STOCK MARKET RECORD!”
But mixed in the comments on his Truth Social amongst the usual pro-Trump memes and “AI slop” were some disgruntled supporters of the president wondering why their DJT stock is collapsing instead of surging in the bull market.
With the stock close to a 52-week low, “$DJT stockholder. Retruthed by President Trump” Theresa responded, “What are they doing to $DJT stock?” followed by a sad face emoji.
Army vet Mark H observed, “Not for DJT (TMTG) maybe DJT bottom low record.”
He also asked, “@realDonaldTrump what’s going on with DJT stock? What are the board members doing about this matter?”
Self-described conservative David Monoc lamented, “New highs for the market but sadly a new low for DJT stock and the long suffering shareholders!”
“Mr. President, be careful with this message. The stock prices are going up because of the PROFITS that the corporations are making Their (sic) profits come from the sale of their products. The PEOPLE are paying the higher prices, that are generating the obscene profits. Not all people are in the stock market, and almost NONE have enough of ANY stock that it makes up for the higher prices. Inflation is being caused by CORPORATE GREED, just look at the numbers,” suggested a Trump supporter who calls himself Wilfred of Ivanhoe.
Posting a screenshot showing the stock down to $7.95 down from $100, Greg Ryczek demanded Trump make a move to bolster the value of his stock by proposing, “Help patriots with stock buyback!”
“Truth social keeps going down. It’s literally the lowest it’s ever been. Why????” asked “Freedom loving American” Kjkj.