Here's How Much Trump Lost After His Newly Listed DJT Stock Erased All Gains Since Public Debut
Portfolio Pulse from Rounak Jain
Former President Donald Trump's net worth declined by over $2 billion after shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) plummeted nearly 44% from their peak. The stock's downturn follows demands for an investigation into its merger with Digital World Acquisition, despite CEO Devin Nunes asserting the company's strong financial position. Trump, holding a 57% stake and unable to sell until the lockup period ends, faces significant losses.
April 09, 2024 | 1:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Trump Media & Technology Group Corp. (NASDAQ:DJT) stock plummeted nearly 44% from its peak, significantly impacting Trump's net worth due to his 57% stake.
The sharp decline in DJT's stock price directly impacts Trump's net worth due to his majority stake. The stock's performance is crucial, especially with the ongoing scrutiny over its merger and the lockup period preventing Trump from selling his shares. The situation is exacerbated by the company's 'going concern' notice from its auditor, despite claims of being debt-free with substantial cash reserves.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100