Truth hurts: Trump has lost billions as social media company makes another stock move

, announced the issuance of 21.5 million new shares on Monday, causing the market to sell off many of its shares en masse as the stock dropped over 15%.CNN. The decline started on April 2, when the stock traded at $51.60. It has since nearly halved its value.

TMTG will not be able to sell those new stocks immediately because they will have to jump through other hoops, including a six-month waiting period, in order to get the move finalized.as $71.93 on March 27 as investors celebrated the company’s merger with Digital World Acquisition Corp., a “blank-check company” or type of business that raises cash to find other companies to merge with.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Breitbart Business Digest: The Truth About Trump’s Truth Social WindfallSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
출처: BreitbartNews - 🏆 610. / 51 더 많은 것을 읽으십시오 »

Trump defends Truth Social as media company's skeptics grow, stock price whipsawsAs critics question Trump Media’s value, the company has become by far the most expensive stock in the U.S. to sell short.
출처: NBCDFW - 🏆 288. / 63 더 많은 것을 읽으십시오 »

Trump defends Truth Social as media company's skeptics grow, stock price whipsawsAs critics question Trump Media’s value, the company has become by far the most expensive stock in the U.S. to sell short.
출처: NBCLA - 🏆 319. / 59 더 많은 것을 읽으십시오 »