Trump Media's stock has experienced a significant decline, falling nearly 50% below its peak value just a few weeks ago. The downturn began shortly after the company became publicly traded under the ticker DJT, with the stock setting a local high only to drop almost 40% in a week. This decline has continued, with the stock now more than 50% below its peak level, erasing approximately $2.8 billion in value. The company's performance has been notably poor compared to other SPAC deals, with more than one-fifth of nearly 500 SPAC deals since 2019 trading below $1 each. Despite the initial hype, retail investors who were instrumental in the stock's early gains seem to be losing interest as the stock struggles to maintain its value. Specifically, the stock went from $79 to $36 in the last few weeks, and Trump's stake is down over $3 billion. Additionally, Truth Social is down almost 11% today, marking a significant downturn from its high tick 8 trading days ago.
Former President Donald Trump’s social media company’s stock market slide continued Monday, as the more than $10 billion valuation scored by Trump’s company’s just two weeks ago looks to be fleeting. https://t.co/DyykcTalJ4
The con job Trump media stock is now officially at half of its peak of 12 days ago. Ha. https://t.co/Y9KGOaPhiU
Meanwhile Trump Co. down another 10% today. Has now gone from 79 to 36 in last few weeks. Oh so Trumpian! https://t.co/u2Z13Fku6X
Donald Trump’s social-media company just became the most valuable publicly traded client of an accounting firm that has had a string of regulatory issues, including a 100% deficiency rate on audits. https://t.co/74OIMN7GYs
Trump’s Stock Officially Down 50% Since First-Day Peak —Trump’s Stake Down Over $3 Billion https://t.co/eDW5brXbsg https://t.co/iGqmhDQrJU
Truth Social doing eclipse homage, now lilting toward 11% down for the day.
Truth Social has lots of company: “More than one-fifth of the nearly 500 SPAC deals that have closed since 2019 are trading below $1 each, representing a greater than 90% plunge.” $DJT https://t.co/BEMQKrjWt6
Truth Social is very red again. Down almost 11% today. $DJT. https://t.co/55S0YGLj9X
Trump Media has wiped out some $2.8 billion in value as the meme stock struggles to captivate the retail traders who helped power initial gains https://t.co/o185OH1n26
$DJT shareholders getting service https://t.co/ZpWzu2WGjL
Trump stock is now down by more than 40% from its high last week. The best is yet to come. #ETTD https://t.co/oOjdyvVaWX
Truth Social is down another 10% today. It’s down more then 50% from its peak of $75 a few weeks ago. It’s falling at a rate that’s fast enough for everyone with some sense to know it’s going to near zero, but slow enough for the pumpers to make plenty of money on the way down. https://t.co/MoRbpxV76z
$DJT -53% from high tick 8 trading days ago https://t.co/DvqLtQKSoX
Trump Media stock drops more than 10% to open trading week https://t.co/OmQpV9Jfc5
Trump social-media stock now more than 50% below its peak level https://t.co/aGYuF72lWB
Trump stock down almost 40% in a week after setting a local high only hours after becoming a publicly traded company under DJT. https://t.co/QbBCnZMG4K
Trump stock is down 40% since it's temporary high hours after being publicly listed. https://t.co/L3DIjc11sY
Trump Media CEO highlights retail investor base with DJT stock nearly 50% below peak https://t.co/grkicAOdYr