Shares of former President Donald J. Trump’s social media company have fallen so much that his onetime $6 billion stake is now worth about $2 billion.
The stock price of Trump Media & Technology Group, at about $17.40 a share in early trading on Wednesday, is down more than 70 percent from the high-water mark it hit after Trump Media’s merger in March with a publicly traded shell company.
Mr. Trump is the single largest shareholder of Trump Media, the parent company of Truth Social, owning 115 million shares — a roughly 60 percent stake.
MORE: The New York Times
The stock price of Trump Media & Technology Group, at about $17.40 a share in early trading on Wednesday, is down more than 70 percent from the high-water mark it hit after Trump Media’s merger in March with a publicly traded shell company.
Mr. Trump is the single largest shareholder of Trump Media, the parent company of Truth Social, owning 115 million shares — a roughly 60 percent stake.
MORE: The New York Times