Trump Media shares plunge more than 15% after company files to issue additional DJT stock
Publishing timestamp: 2024-04-15 11:53:23
Summary
Shares of Trump Media plunged after company filed to issue millions of additional shares of stock, leading to a dramatic slide as Donald Trump headed to court for his criminal trial. The company's stock price has fallen more than 62% since going public, resulting in a market capitalization slash of nearly $6 billion. Trump Media also disclosed plans to offer more shares and warrants, with Trump himself holding a significant stake in the company. Despite poor financial performance, insiders could potentially receive a windfall worth more than $1 billion if stock price remains high.
Sentiment: NEGATIVE
Tickers: DJT,
Keywords: breaking news: politics, stock markets, donald trump, business news, breaking news: markets, politics, trump media & technology group corp, crime,