How to lose 2 billion in a couple weeks
Posted on: April 5, 2024 at 15:01:50 CT
JayHoaxH8r
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Shares of Truth Social owner Trump Media & Technology Group tumbled 9% on Friday, sinking to their lowest level since the company went public last week.
The selloff has erased nearly $2 billion from the value of former President Donald Trump’s stake in the company this week.
Trump Media shared surged to as high as $79.38 on March 26, the day trading began on the Nasdaq under the ticker symbol “DJT.”
Since then, the Truth Social owner’s share price has plunged by as much as 47% to as low as $41.90 on Friday.
Trump Media’s shares have lost about a quarter of their value this week.