Particle.news

Download on the App Store

Trump Media Stock Plummets Amid Conviction Fallout

Shares of Truth Social's parent company have lost nearly half their value since Trump's felony verdict, raising concerns about the company's future.

Supporters of former President and Republican presidential candidate Donald Trump cheer as he arrives to speak at a campaign event in Racine, Wisconsin, on June 18, 2024.
Image
'Staggering Losses!' CNN Reporter Says Trump Media Stock Is 'In Freefall' After Conviction
Truth social

Overview

  • Trump Media & Technology Group's stock has dropped over 40% since early June.
  • The decline accelerated after the SEC approved the resale of additional shares, diluting existing holdings.
  • The company has lost nearly $3 billion in market value, significantly impacting Trump's net worth.
  • Experts warn that the stock remains overvalued despite recent losses.
  • Truth Social continues to struggle with low user engagement and revenue.