Business Magazine

Trump’s Truth Social Has Already Lost Its Stock Shine

Posted on the 09 April 2024 by Phil's Stock World @philstockworld

Truth Social is a meme stock, but its investors don't have diamond hands.

By the numbers: Shares of parent company Trump Media & Technology Group fell another 8.4% on Monday, closing at $37.17.

  • That represents a whopping 53% decline from its intra-day high just two weeks ago, which was when it began trading after merging with a SPAC.
  • Donald Trump's personal stake at Monday's close was worth $2.93 billion, down $3.32 billion from the initial pop...

This post was originally published on this site


Back to Featured Articles on Logo Paperblog