Posted 4/8/2024, 10:25:55 PM
Trump Media Company Stock Plummets 40% in April, Wiping Out Billions in Valuation
- Donald Trump's media company stock falls 12%, extending recent selloff
- Stock now down 40% in April, reducing potential windfall for Trump from initial $6B valuation
- Trump's personal stake now valued at $2.9B, whole company at $5.55B
- Decline welcomed by short-sellers, who made $16M on Monday despite being down 69% this year
- Stock rose sharply after March debut but investors have since soured due to losses disclosed this month