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Trump’s Net Worth Falls by $1 Billion as His Media Company’s Stock Plunges

Posted on AllSides April 1st, 2024
From The Left
Stefani Reynolds/AFP via Getty Images

Trump Media’s inexplicable ascent came crashing down on Monday, as shares of the social media firm plunged more than 21 percent, knocking roughly $1billion off former President Donald Trump’s net worth.

Despite the precipitous drop, his 57 percent stake in the business is still worth over $3 billion.

The firm, which began trading last month after merging with a public shell company, has benefited from so-called “meme stock” investors who have driven up its share price despite its abysmal financial performance. In 2023, the company generated revenues of just $4.1...

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https://www.thedailybeast.com/trump-loses-dollar1-billion-as-his-media-companys-stock-plunges

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