Posted 4/12/2024, 4:57:00 PM
Trump Media Shares Plunge 50%, Costing Trump Billions
- Shares of Trump Media & Technology Group have plummeted nearly 50% from their peak in late March, erasing billions in value
- Anyone who bought at the March 27th closing high has now lost over half their investment
- The steep drop has reduced the value of Trump's large personal stake in the company from $5.2 billion to about $2.4 billion
- Experts cautioned retail investors about the company's high valuation and financial losses
- Billionaire Barry Diller called Trump Media a "scam" and said buyers are "dopes," though the company disputes criticisms