Here's what users on Truth Social are saying about the Trump media stock crash

• The plunge in Trump media company stock has shocked some Truth Social users.

• Some people on the social media site claimed that the company's stock had been artificially devalued.

• Shares of Trump Media are down about 30% in the last week.

Truth Social users are frustrated by Trump Media's plummeting stock price.

Since Trump Media went public in late March, users of the social media platform, known as "Truthsayers" on the site, have been buzzing about its plummeting stock price. Shares of Trump Media have fallen more than 50% since March 27, and another 18% this week after the company allowed insider shareholders to sell their shares before the end of a six-month lockup period. shares fell further on Tuesday after the company announced it would be launching a streaming media platform.

Reaction to the plunge on social media sites was mixed, with some users expressing shock and frustration, while others acknowledged that the stock may not regain its lost value. Some said the sell-off was evidence of a conspiracy to discredit the former president and reduce his fortune.

"What happened to DJT's stock?" said one user in response to a post on Donald Trump's official account. Please do something about Avalanche Rock."

More Conspiracy Theory "Truthers" accuse short sellers of playing games by claiming that stock prices are somehow being artificially depressed.

One user wrote, "Stay calm," on April 15, when Trump Media shares plummeted 18%." The only thing that happened was that someone sold 140,000 shares in the 10 minutes before rock. This is at best 耑 manipulation. It wasn't a massive sell-off. It was just one man or a few men trying to cause a panic."

"They will defame Trump's Artefacts by any means necessary," another user replied." God has a different plan and will save the nations at his perfect time."

Other users blamed the SEC for the regulator's failure to suspend trading during the stock's decline. If the SEC believes that suspending trading protects the public when a company fails to fulfill its obligations to shareholders, then the SEC can suspend trading for up to 10 days. However, this is not the same as a suspension ordered by an exchange to protect investors from excessive volatility.

"DWAC has dropped over 30% in the last few trading days, but they haven't stopped trading. They don't like @realDonaldTrump Arism and his policies, especially Truth Social, which he created, so they are trying to destroy his company DJT," one user claimed.

A handful of users are still touting the stock as it plummets. Some Truthsayers have written that buying the stock is a "great" way to support Trump's Aristocrat campaign and an investment in "uncensored free speech."

Trump, who owns about 58% of Truth Social's parent company, has been fiercely defending the site from criticism. In a recent post on the site, the former president of Massachusetts called his social media platform "amazing," saying he had $200 million in cash on hand and no debt on his balance sheet.

Truth Social is also trying to shirk responsibility for the recent damage to its business. Shortly after its stock price plummeted, Trump Media Inc. filed a lawsuit against two of Truth Social's founders, claiming that they "failed miserably" at their jobs and caused "significant damage" to the company ahead of its high-profile public debut. ".

"I think Papa Trump is going to surprise us with something, we just have to be patient," a Truther recently wrote on Trump Media Stock." NFA, but I'll buy more tomorrow. Gotta love the price."

Read the original article on Business Insider