Trump Media Shares Plummet to New Lows as Key Sale Date Approaches
The stock's decline erases 2024 gains, impacting Trump's net worth and raising investor concerns.
- Trump Media shares have fallen over 75% from their March peak, closing below $17.
- The company's market value has dropped significantly, with Trump's stake now worth about $2 billion.
- Investors are wary ahead of the September 19 lock-up expiration, which allows early investors to sell shares.
- Analysts attribute the stock's volatility to its meme-stock behavior and Trump's political fortunes.
- Truth Social's revenue and user growth remain stagnant, further pressuring the stock.