Anna Barclay | Pictures of getty
Shares of Trump Media Monday fell more than 10% in IntraDay negotiation, accelerating the company’s descending slide from the President Donald Trump took office.
The company behind Trump’s preferred social media application, TRUTH Social, was trading below $ 20 per action around 15:00 ET: 50% of the closing price on January 20, the day Trump was sworn.
Price of Trump Media (DJT) shares
Monday’s sale put Trump Media to the rhythm of his worst day since January 21, when DJT shares retired from Buy frenzy This preceded the inauguration of the Republican President.
Since then, the company has suffered a lost streak of seven weeks.
But Trump Media is not the only one to feel the pain: stocks fell on Monday on the table, as the market volatility that dragged the three Important Indexes Last week he intensified.
Losses harm other media companies with much larger market capitalization than Trump Media, such as Redditethat was to the rhythm of their worst day.
Trump Media last month reported Lose $ 400 million By 2024, while entering income of $ 3.6 million.
The company debuted in the Nasdaq in March 2024 after becoming public through a merger with a special purpose acquisition company. The merger sent DJT actions, as the company attracted thousands of investors seeking to support Trump, the majority owner.
More than a month after winning the November 4 presidential election against former Vice President Kamala HarrisTrump transferred all his participation – 114,750,000 actions: to a revocable confidence.
A Trump media spokeswoman did not immediately respond to CNBC’s comment request on Monday’s movements.
– The report was provided by the report.
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