Trump Media's stock plummeted by 10%, pushing the company's valuation below $5 billion for the first time since its debut. This dramatic decline has also impacted Donald Trump's wealth.
Former President Donald Trump's net worth nosedives by over $1 billion as Truth Social's parent company, Trump Media & Technology Group, reveals a $58 million loss and scant revenue in 2023.
On its second day on the Nasdaq, Trump Media & Technology Group (DJT) experienced a notable 14% surge, following a 16% climb on its debut day. Despite previous financial losses, the company's market cap now approximates $8 billion, riding the wave of meme stock enthusiasm.
Donald Trump's media venture, Trump Media & Technology Group (TMTG), experiences a significant surge in its Nasdaq debut, with shares jumping by 59%. Closing 16% higher, the company's valuation nears $8 billion, despite modest revenues and operational losses, driven by strong supporter enthusiasm.
