**Trump Media & Technology Group Stock Falls 12%**
At Extreme Investor Network, we closely monitor market trends and provide expert analysis on the latest financial news. Recently, shares of Donald Trump’s media and technology firm experienced a significant drop, falling as much as 12% in a single day. This extended selloff has reduced the value of Trump’s stake in Truth Social to $2.9 billion.
Despite a strong debut in late March, investors have started to lose confidence in Trump Media & Technology Group. The company disclosed substantial losses earlier this month and expressed concerns about meeting its financial obligations. As a result, the stock closed 8.4% lower at $37.17 on Monday, a far cry from its record high of $79 during debut.
For former U.S. President Trump, this decline in stock value means a potential setback in his plans to raise funds for his 2024 presidential campaign and legal expenses. Lock-up restrictions for six months could prevent him from selling or leveraging his shareholding, further complicating the situation.
With Trump’s 78.75 million shares now valued at approximately $5.55 billion, the market value of the entire Trump Media & Technology Group has dropped below that figure. Short-sellers, on the other hand, are seeing some relief as the stock’s decline has resulted in market-to-market profits of about $16 million. Though shorting the stock has been challenging this year, Monday’s decline has provided some respite for those betting against it.
As we continue to track developments in the financial markets, it’s crucial to stay informed and make data-driven decisions. At Extreme Investor Network, we strive to provide unique insights and analysis to help our readers navigate the ever-changing world of finance. Stay tuned for more updates and expert commentary on the latest market movements.
