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-5.86%Beta
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Nov 13, 2024Recent annual earnings:
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Trump owns nearly 115 million shares and has about a 53% stake in the Truth Social parent.
Trump has a more than 50% stake in Trump Media & Technology, which saw its shares slump this week following his debate with Kamala Harris.
Shares for Trump Media on Wednesday dropped more than 15% in premarket trading, falling to what would be a new record-low for the stock, after Vice President Kamala Harris became the betting favorite to win the election after a debate with former President Donald Trump, the majority stakeholder in the Truth Social parent.
Shares of Trump Media and Technology Group fell below $20 for the first time since the company officially went public through a merger in March, continuing a downward trend for the Truth Social parent company—and sending former President Donald Trump's net worth down about $140 million.
On March 25, 2024, even as former President Donald Trump faced criminal charges and 90 indictments, the Trump Media & Technology Group (NASDAQ: DJT ) merged with the special purpose acquisition company (SPAC) Digital World Acquisition Corp (DWAC) and began trading. This key merger came after months of speculation that the deal wouldn't happen.
Trump Media & Technology Group shares have slid nearly 20% following former President Donald Trump's conviction in his hush money trial last month, extending his company's run of volatile stock movement since it went public through a merger with Digital World Acquisition Corp in March.
Former President Donald Trump has joined the ranks of the biggest billionaires in the world, thanks largely to his stake in a social-media company that just completed a merger with a blank check company.
The board members, including Donald Trump's son and former cabinet members, will make a key decision.
Shares of Digital World Acquisition Corp (DWAC) soared on Monday. On Friday, shareholders approved a deal to merge Digital World and Trump Media.
Trump Media & Technology Group (TMTG), the media company of former president Donald J. Trump and owner of social media network Truth Social, said Monday it completed its merger with blank check company Digital World Acquisition Corp. (DWAC) and will start trading as a combined entity Tuesday.
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