Trump Media shares close down more than 8%, putting market cap under $5 billion
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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
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