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Monday, May 27, 2024

Trump’s Truth Social has already lost its stock shine

Trump’s Truth Social has already lost its stock shine

By Dan Primack, Axios Pro Rata

Truth Social is a meme stock, but its investors don’t have diamond hands.

By the numbers: Shares of parent company Trump Media & Technology Group fell another 8.4% on Monday, closing at $37.17.

  • That represents a whopping 53% decline from its intra-day high just two weeks ago, which was when it began trading after merging with a SPAC.
  • Donald Trump’s personal stake at Monday’s close was worth $2.93 billion, down $3.32 billion from the initial pop…

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