Trump Media shares drop by more than 10%, putting market cap under $5 billion

DJT shares were selling for $34.07 at 1:27 p.m. ET, well below the $70.90 that the stock opened trading at on March 26, its first day as a publicly traded company.

Shares fell slightly under the $36.94 per share closing price of the former shell company, Digital World Acquisition Corp. on March 22, the day DWAC shareholders approved the merger with Trump Media that took that company public days later.On Wednesday shares fell below the $36.94 closing price of the former shell company, Digital World Acquisition Corp. on March 22, the day, who holds a nearly 60% stake in the company. Trump's shares were worth less than $2.

Trump Media, which owns the Truth Social app, reported revenue of just $4.1 million for 2023, and a net loss of $58 million for the year. This simple move ‘takes minutes' to file a free federal tax extension, tax pro says — here's what to know Biden's new student loan forgiveness plan could start eliminating debts before the 2024 presidential electionTrump slams Biden for 'raging' inflation after hotter-than-expected CPI report

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