The Guardian - Trump Media shares tank after company reveals plan to sell more stock
15 April 2024
Shares of the former president Donald Trump’s social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.
The filing showed a potential sale of 146.1m shares in Trump Media & Technology Group, including 114.8m shares owned by Trump himself. ...
Shares of the Truth Social parent company have retreated sharply since their market debut on 26 March, falling 60% from the opening price of $70.90.