Trump Media Shares Plunge, Cutting Trump's Net Worth by Over $1 Billion

• Shares of Trump Media fell 26%, reducing Trump's net worth on paper by over $1 billion • Trump Media reported a $58 million net loss last year and revenue of just $4.1 million • When Trump Media went public on March 26, shares rose 59%, increasing Trump's net worth by $4 billion • Trump has a 57% stake in Trump Media but can't sell shares for 6 months due to lock-up period • The rout comes as Trump faces legal debts piling up, including a $175 million appeal bond in his NY civil fraud case