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Stocks Trump media rejected more than 10% in trading within Monday, accelerating the company’s slide from the president Donald Trump took over the office.
The company behind Trump’s preferred Social Media Apps Truth Social traded under $ 20 per share at about 15:00 ET – a drop of about 50% of its final price on January 20, the day Trump swore.
Trump Media (DJT) price price
Monday sale was put on Trump Media in step for her worst day of January 21, when DJT section withdrew from Buying anger This preceded the inauguration of the Republican president.
Since then, the company has suffered a seven -week losing string.
But Trump media are not the only one that feels pain: stocks on Monday fell all over the board because the volatility of the market that withdrawn all three Main indexes He stepped up last week.
Losses of Savament to other media companies with much greater market capitalization than Trump’s media Redditwhich was up to one day ever.
Trump media last month reported loss of $ 400 million 2024, while taking $ 3.6 million in revenue.
The company made his debut on Nasdaq in March 2024. After publicly passing through a long sought-after merger with a special-purpose procure company. The connection sent DJT shares, as the company attracted thousands of investors who want to support Trump’s then candidate, a majority owner.
More than a month after winning the presidential election on November 4 against the former Vice President Kamala HarrisTrump conveyed his entire share – 114.750,000 shares – in confidence recall.
The spokeswoman of Trump’s media did not immediately respond to the CNBC request for comment on Monday.
– CNBC -ov Adrian van Hauwermeiren contributed to this report.
