Posted 4/5/2024, 9:22:00 PM
Trump Media Shares Drop 32% in a Week, Losing $4 Billion in Value
- Trump Media shares fell 12% on Friday to close at $40.59, the lowest since the company's Nasdaq debut on March 26
- For the week, Trump Media shares slid more than 32%
- The company has lost about $4 billion in market value in recent weeks
- Wall Street analysts question the company's financial prospects and valuations
- Trump Media CEO expressed confidence despite recent stock drop, noting "no debt and over $200 million in the bank"
