Trump Has Lost Nearly $800 Million in His Own Stock Since the Election

📆 11/14/2024 7:52 PM

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📆 11/14/2024 7:52 PM
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TMTG's stock has seen significant spikes and drops since the company first went public in March.

President-elect Donald Trump has lost nearly $800 million in his own stock since the 2024 election.Trump owns 114.75 million shares of Trump Media & Technology Group , according to Reuters. On Election Day, the stock price closed at $33.94 per share, making Trump's stake in the company, which owns Truth Social, worth close to $3.9 billion.As of Thursday evening at 6:23 p.m. ET, the stock was valued at $26.

TMTG shares also climbed on November 8, when Trump announced that he would not be selling any of his shares in the company.'There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth ,' Trump wrote on his social media platform.'THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!' he added.

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