Posted 4/1/2024, 10:06:54 PM
Trump Media Shares Plummet, Cutting Trump's Net Worth
- Trump Media's stock price plunged 21% on Monday, cutting Trump's net worth by about $1 billion
- Despite the drop, Trump still holds a 57% stake worth over $3 billion
- Trump Media posted just $4.1 million in revenue in 2023 against $58.2 million in losses
- The company's main product is Truth Social, a Twitter rival Trump started after being banned from Twitter
- Trump is locked out from selling shares for 6 months due to an insider trading provision
