Trump Media shares are in free fall

Truth Social owner Trump Media & Technology Group has gone ice-cold. The conservative social media company has lost roughly half its market value since May 30, the day former President Donald Trump was convicted of 34 felony counts in a hush money trial. Trump Media’s volatile share price tumbled another 5% on Friday , leaving it down by a staggering 50% in the span of just three weeks.

“When a company’s stock drops significantly, you typically start to see value investors take interest, but that’s not the case with meme stocks,” said Kennedy. Trump Media was already having a bad June, and then it got even worse when the company announced the Securities and Exchange Commission approved its registration statement. The green light from regulators clears the way for early investors to exercise warrants they hold in the company to buy more shares.

Source: Tech Daily Report (techdailyreport.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Donald Trump Joins New Social Media Platform Amid Truth Social Stock PlungeThe share price of Trump Media & Technology Group Corp. dropped after Trump was found guilty in his hush money criminal trial.
Source: Newsweek - 🏆 468. / 52 Read more »

Truth Social struggles to grow its U.S. user base, new data on Trump Media app showsTrump Media, which trades under DJT on the Nasdaq, relies on ad sales and acknowledges that a decline in user engagement could hurt its business.
Source: nbcsandiego - 🏆 524. / 51 Read more »

New analysis reveals Donald Trump’s Truth Social media dietDonald Trump can’t quit Fox News.
Source: cnnbrk - 🏆 393. / 55 Read more »

The truth about social media and screen time's impact on young peopleThere are many scary claims about excess time on digital devices for children and teenagers. Here’s a guide to the real risks - and what to do about them
Source: newscientist - 🏆 541. / 51 Read more »

Trump's Truth Social struggles to grow user base: DataFormer President Donald Trump's media company is worth more than $8 billion on the stock market despite making under $800,000 in revenue last quarter.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Donald Trump, once a Bitcoin skeptic, declares support for crypto in Truth Social postTrump once wanted crypto to be regulated 'very, very, highly,' but the 2024 candidate has apparently changed his views.
Source: TheBlock__ - 🏆 464. / 53 Read more »