Trump Media shares drop below $30, company sheds more than half of market cap since trading debut
Publishing timestamp: 2024-04-12 13:14:29
Summary
The price of Trump Media shares has fallen significantly since the company began public trading, with a more than 47% drop month-to-date. Former President Donald Trump, the biggest shareholder, is facing a criminal trial while the company's market capitalization has also decreased. Short sellers have shown interest in betting on the company's share price dropping. Trump Media was launched after Trump was banned from Twitter, and he has used the Truth Social app to address legal issues he is facing.
Sentiment: NEGATIVE
Tickers: DJT,
Keywords: trump media & technology group corp, politics, business, breaking news: politics, markets, breaking news: markets, donald trump, business news, social media,