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https://www.theguardian.com/business/art...-djt-stock

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Trump has lost $4 billion in Truth Social wipeout
Updated Mon September 9, 2024

Donald Trump owns nearly 15 million shares in Truth Social. Experts warned company generates no revenue. Company remains a small player. He owns 15 mil shares in Truth Social Media, is in a deep slump keeps getting worse.

Shares of Trump Media & Technology Group (DJT) dropped for week to their lowest level since the merger who brought owner of Truth Social public this spring. Despite a 7% rebound on Monday, Trump Media has lost nearly 3/4 (72%) of its value since peaking at $66.22 on March 27.

Selloff erased significant wealth for investors — including his dominant stake 114.75 mil shares valued $6.2 bil on May 9 is down to $2.1 bil, a sharp knocked him off Bloomberg Billionaires Index world’s 500 richest people. Wipeout reinforces experts repeatedly warn thing would trading $1,” Matthew Tuttle, CEO of Tuttle Capital Management, told CNN in phone interview.