Aandelen Trump Media kelderen infographic
Graphic shows rise and fall in Donald Trump’s social media fortune.
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BUSINESS

Aandelen Trump Media kelderen

By Duncan Mil

April 4, 2024 - The Wall Street debut of Trump Media -- whose flagship product is Truth Social -- boosted Donald Trump’s stock on paper, but the value of his shares has since plummeted.


Trump’s net worth soared to $5.2 billion -- up $2.3 billion -- after investors approved his social media company’s merger with Digital World.

Trump Media’s stock tanked about 20% in Monday trading, closing at $48.66 per share, a 26.5% drop from its $66.22 close set on its first day as an independently traded public company.

Trump, who owns 78.5 million shares in Trump Media, about 57% of all shares, saw his stake in the social media business fall in value by $1.4 billion.

The plunge came after Trump Media unveiled its full-year 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million.

Sources
PUBLISHED: 04/04/2024; STORY: Graphic News; PICTURES: Getty Images
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