Succes schreef op 9 september 2024 17:09:
Trump has lost $4 billion in Truth Social wipeout
Former President Donald Trump’s social media company is in a deep slump that keeps getting worse, wiping out a huge chunk of his net worth.
Shares of Trump Media & Technology Group (DJT) dropped last week to their lowest level since the merger that brought the owner of Truth Social public this spring.
Trump Media has lost about three-quarters (74%) of its value since peaking at $66.22 on March 27. The selloff has erased significant amounts of wealth for investors — including Trump.
Trump’s dominant stake of 114.75 million shares was valued at $6.2 billion on May 9. It’s now down to about $2 billion, a sharp drop that has knocked Trump off the Bloomberg Billionaires Index of the world’s 500 richest people.
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edition.cnn.com/2024/09/09/business/t...