Trump Stock Hits New Low On First Day He Can Sell

September 20, 2024 Trump Corruption, Trump Lies

Shares of Trump Media & Technology Group slumped to their lowest level ever Friday, the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform.

Shares of Trump Media, commonly called TMTG, tumbled almost 8% to close at $13.55, putting the value of the company at less than $3 billion. Trump owns more than half of it.

When the company made its debut on the Nasdaq in March, the shares hit a high of $79.38. Friday’s closing price represents a decline of 83% from that peak. It lost nearly $58.2 million last year while generating only $4.1 million in revenue.

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How you doing there, chief? pic.twitter.com/RvtoEppWbV

— Rick Wilson (@TheRickWilson) September 20, 2024

Trump’s stock has been tanking for 6 months, down from $79.38 and the entire time he has ABSOLUTELY NO PLAN to demonstrate how his company will turn a profit other than promising people it will be great.

Exactly like his presidential campaign. pic.twitter.com/IrEzi1GhBS

— Ron Filipkowski (@RonFilipkowski) September 20, 2024