"Trump's Truth Social Venture Sends Stock Plummeting, Wiping Out Billions"

1 min read
Source: Newsweek
"Trump's Truth Social Venture Sends Stock Plummeting, Wiping Out Billions"
Photo: Newsweek
TL;DR Summary

The value of Donald Trump's company, Trump Media & Technology Group (TMTG), has declined by more than half since going public, with each share now worth $34.26, down from the opening price of $70. The decline has led to concerns and a petition calling for an investigation into potential securities fraud. Despite this, a TMTG spokesperson remains optimistic, citing the company's lack of debt and over $200 million in the bank, while Trump himself expressed confidence in the company's financial stability.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

84%

49381 words

Want the full story? Read the original article

Read on Newsweek