The share price of Trump Media stock closed at $37.17, an 8.43% drop, leaving its market capitalization hovering just above $5 billion.
Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company.'s bleak start to the trading week on the Nasdaq stock exchange came on the heels of a 12% decline in itsBut it has slumped since then. At times on Monday, the stock's price was down 10% or more.
Trump personally owns 78.75 million shares of its stock, which was worth about $2.93 billion at Monday's close, on paper at least.
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