Trump Media Shares Are Down 70% From Their March Peak

[LunchBox50]

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

 

[Huey Grey]

You Rs disappoint me. You promised to keep this junk stock going.

 

[Ree4]

 

[ICHawk-I]

Once Trump has access to his shares he's going to sell and tank what is left of the stock.

 

[artradley]

They are still over-valued at least 100x.

The numbers are paltry. Like, a single local McDonalds franchise kind of revenue.

 

[lucas80]

They are still over-valued at least 100x.

The numbers are paltry. Like, a single local McDonalds franchise kind of revenue.

LOL? His stake is worth $70-80 billion. Some say $100 billion.

 

[mnole03]

People are way too concerned with future earnings and miss what’s actually important.

 

[franklinman]

It may be worth $5. and thats generous.

 

[Chishawk1425]

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

 

[jasonrann]

 

[tarheelbybirth]

Once Trump has access to his shares he's going to sell and tank what is left of the stock.

 

[Bank of Hawk]

what a loser!

 

[bagdropper]

I cannot help but believe that some day this is going to go down as the most infamous business fraud in US history.

 

[artradley]

It may be worth $5. and thats generous.

Last year they lost $380m on $3m in revenue.

So, yeah, $5 is generous. The MAGATS will only prop the price up for so long, eventually they have to actually use his platform or it’s going down like Katy Perry on her dishwasher.

 

[dgordo]

The company is still trading at over 1000x revenue.

 

[MitchLL]

It may be worth $5. and thats generous.

Rico is waiting for it to hit $62, so he can break even.

You saying he might be waiting for awhile?

 

[lucas80]

The company is still trading at over 1000x revenue.

That makes Trump smart. Most CEOs work hard to create revenue and shareholder value. Don took an easier path. Fleecing rubes. Pretty sure he learned that at Wharton, or from his genetically superior uncle that taught at MIT.

 

[TC Nole OX]

Rico…..get ready to buy the dip. Pawn your bike and go all in