Try to guess what happened after TMTG filed to sell more shares

Truth Social parent Trump Media and Technology Group on Monday filed notice with the Securites and Exchange Commission that they’re going to try to issue additional shares of the company.

Well anyone with the most cursory understanding of not just investing but simple economics probably already guessed what happened and the stock is now down 11.51 percent in pre-market trading as of 9:25 AM EDT on Monday morning, per CNBC. Weird how a company founded by a fat autocrat campaigning on fighting inflation is quite literally doing the opposite for the people who bought shares of it. Almost like he’s completely full of shit and is not to be trusted with the economy.

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Random thoughts Friday, Volume CCI

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