Monday, April 22, 2024

Donald Trump Media Stock Crashing: Down 26% Since Opening Bell, Reports of $58 Million Loss

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The party’s over for Donald Trump’s media company Truth Social.

The stock price for DJT is crashing. It’s already fallen 24% since the market opened. It’s now 1pm.

There are many reports that the company is insolvent, that it lost $58 million in 2023. Trump himself holds 79% of the stock, which means he’s not having a good day at all.

The stock opened around $60 this morning and is trading around $45 right now at 1:15pm.

Keep refreshing this afternoon. Meanwhile, follow along.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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