Trump Loses $1 Billion in a Day as Trump Media Shares Plummet 26%

Benzinga
Benzinga
  • last month
Donald Trump's net worth dropped by over $1 billion as Trump Media's share value declined by up to 26% on Monday. Trump Media & Technology Group reported a net loss of $58 million in 2023 and revenue of just $4.1 million. Trump owns 57% of Trump Media but can't sell any shares until a six-month lock-up period expires. Last week, Trump's net worth increased by $4 billion after Trump Media's stock market debut. Truth Social has far fewer users than Facebook and Twitter and appeals mainly to Trump supporters.

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