Rob Wile is a breaking business news reporter for NBC News Digital.
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month. As of Monday afternoon, the stock was priced at about $36 — down from a high of $66 seen March 27. But experts say it's hard to draw any firm conclusions about what the stock price's movement means.
9 billion. But those figures are largely immaterial for Trump, since he is contractually barred from selling or even borrowing against his shares for six months. In a post on Truth Social earlier this month, Trump called the company's business 'very solid' and said criticisms of its ability to reach a wide audience were 'lies.' But according to company filings, Trump Media lost $58.2 million last year and did not report any user metrics.
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