Trump Media & Technology Group's stock plunged 12%, reducing former President Trump's stake value.

Trump Media stock plunges 12%, erasing all gains since its March debut. The decline reduces the value of former President Donald Trump's stake in the Truth Social operator to $2.9bn. Trump Media & Technology Group has struggled to meet financial liabilities after revealing millions of dollars in losses. Shares fell 8.4% to $37.17 on Monday, down from a high of $79 on its debut on 26th March.

April 08, 2024
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