Trump Media shares close down more than 8%, putting market cap under $5 billion
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Trump Media shares plummet 10 percent — market value drops below $5 billion
Shares for Trump Media have dropped by more than 10 percent this Wednesday, leaving the company with a valuation less than $5 billion, reports show. Share prices dropped to $33.58 from the previous $70.90 that the stock opened with on the first day it went public last month. As NBC News points out, Donald Trump is the biggest shareholder in the company, holding a nearly 60 percent stake. His shares are now worth less than $2.8 billion, a sharp drop from the more than $5 billion it was...
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'Poised to go down': Trump Media's $7.2 billion tumble spurs dire warnings from analysts
Former President Donald Trump's publicly traded media company hit new stock market lows Monday as finance experts warned a recently reported financial could signal the beginning of the end. Forbes Senior Editor Dan Alexander appeared on CNN's "Out Front" hours after news broke Trump Media would put more than 20 million shares up for sale because, as host Erin Burnett put it, "the company's bleeding money.""It is a sad story," Alexander told Burnett. "And the trouble here is that if you look at...
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Even after Trump Media’s $4.5 billion crash, shares would have to tumble a lot more to jeopardize the massive special bonus for insiders
Shares would need to plunge another 46% for the now $1.3 billion paper payday for the former president and his co-founders to be in doubt.