Jonathan Raa|Nurphoto|Getty Images
The share cost of Trump Media closed trading Wednesday down 8.57%, putting the business’s market capitalization listed below $4.7 billion.
DJT shares closed at $3426
That is well listed below the $7090 that the stock opened at on March 26, its very first day as an openly traded business.
And it is almost $2.70 per share lower than the closing cost of the previous shell business, Digital World AcquisitionCorp on March 22, the day that DWAC investors authorized the merger with Trump Media that took that business public days later on.
Omar Marques|Lightrocket|Getty Images
Trump Media’s share cost is down 44.71% month to date.
The business’s greatest investor is previous President Donald Trump, who holds an almost 60% stake. Trump’s shares deserved less than $2.7 billion at Wednesday’s close, a high drop from the more than $5 billion in paper worth they had 2 weeks back.
Trump Media, which owns the Truth Social app, reported income of simply $4.1 million for 2023, and a bottom line of $58 million for the year.
