filmov
tv
Donald Trump's net worth suffered a $1 billion decline following a sharp drop in DJT stock value
Показать описание
Shares of Trump Media and Technology Group Corp. dropped by 21% in trading on Monday. This decline resulted in around $1 billion in losses for former President Donald Trump, at least on paper.
Trump possesses approximately 78.8 million shares of the parent company of Truth Social, DJT. These shares were valued at about $4.9 billion at the close of trading on Thursday. However, their value decreased to approximately $3.8 billion following Monday's bearish trading activity.
The decrease in Trump's net worth, associated with Trump Media, is considered a paper loss since he still retains his shares in the company. Trump holds a majority stake in Trump Media, which experienced an overall market value drop of $1.8 billion to approximately $6.7 billion on Monday.
Trump Media's shares have been subject to volatile market movements since the completion of the SPAC merger last week. The stock faced pressure on Monday after the company disclosed new financial details in a filing with the Securities and Exchange Commission. Trump Media reported a loss of $58.2 million for the previous year, compared to $50.5 million in the year before. On the other hand, annual revenue increased to $4.1 million from $1.5 million
Sources
Trump possesses approximately 78.8 million shares of the parent company of Truth Social, DJT. These shares were valued at about $4.9 billion at the close of trading on Thursday. However, their value decreased to approximately $3.8 billion following Monday's bearish trading activity.
The decrease in Trump's net worth, associated with Trump Media, is considered a paper loss since he still retains his shares in the company. Trump holds a majority stake in Trump Media, which experienced an overall market value drop of $1.8 billion to approximately $6.7 billion on Monday.
Trump Media's shares have been subject to volatile market movements since the completion of the SPAC merger last week. The stock faced pressure on Monday after the company disclosed new financial details in a filing with the Securities and Exchange Commission. Trump Media reported a loss of $58.2 million for the previous year, compared to $50.5 million in the year before. On the other hand, annual revenue increased to $4.1 million from $1.5 million
Sources
0:00:40
0:00:19
0:00:55
0:01:21
0:04:45
0:02:42
0:00:30
0:00:52
0:00:44
0:02:52
0:11:59
0:05:25
0:48:57
0:00:25
0:11:54
0:00:26
0:00:40
0:10:46
0:01:47
0:06:08
0:20:36
0:00:35
0:02:27
0:01:08