Trump Social Stock Closes Week In Continuing Nosedive

April 5, 2024 Trump Corruption, Trump Lies

CNN Business reports:

Shares of Truth Social owner Trump Media & Technology Group tumbled 9% on Friday, sinking to their lowest level since the company went public last week.

The selloff has erased nearly $2 billion from the value of former President Donald Trump’s stake in the company this week.

Trump Media shared surged to as high as $79.38 on March 26, the day trading began on the Nasdaq under the ticker symbol “DJT.” Since then, the Truth Social owner’s share price has plunged by as much as 47% to as low as $41.90 on Friday.

Yahoo Finance reports:



Even after bragging about his assets and businesses got him in legal trouble, Donald Trump just can’t stop. After a rough week for his new social media venture, Trump Media & Technology Group, or TMTG, the former president ranted on his Truth Social account Thursday about how great the platform is doing—at least, in his opinion.

But Trump may have broken some Securities and Exchange Commission rules in the process.The Truth Social posts in question could be seen as the former president trying to talk up his company to increase its stock price after a rough week.

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