🍄”#Trump’s tiny social media empire has seen its extraord stock market rally wiped out by steep sell-off.
Shares in Trump Media & Tech Group, owner of Truth Social, closed below $17 on Wed, reversing all gains since co’s rapid rise took hold in Jan.
TFG prohibited by lock-up agreement from starting to sell shares in firm til late Sept. While his majority stake in firm is still worth some $2bn on paper, its value has fallen dramatically from $4.9bn in March”
https://www.theguardian.com/business/article/2024/sep/04/trump-media-djt-stock?CMP=Share_iOSApp_Other
@AlliFlowers LOL