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Share price plummets Trump Media shares fall to lowest level ever

dpa

20.9.2024 - 18:29

Shares in the Trump Media & Technology Group have taken a battering this week.
Shares in the Trump Media & Technology Group have taken a battering this week.
Symbolbild: Andre M. Chang/ZUMA Press Wire/dpa

The shares of the company behind Donald Trump's online platform Truth Social have fallen to their lowest level ever. On Friday morning at the start of the trading day in New York, they were trading at 13.73 dollars, bringing the total value of the Trump Media & Technology Group (TMTG) to less than three billion dollars.

20.09.2024, 18:29

No time? blue News summarizes for you

  • The shares of Trump Media & Technology Group (TMTG) have fallen to their lowest level ever.
  • In New York, they were quoted at 13.73 dollars today.
  • As a result, the total value of the Trump Media & Technology Group (TMTG) fell to less than three billion dollars.
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Trump owns more than half of it. Friday was the first day on which the former US president was allowed to sell shares.

Since TMTG went public in March, there have been repeated wild swings in the share price, often in connection with news about Trump. After the first attempted attack on Trump in July, the share price soared by more than 31%.

Shares in the Trump Media & Technology Group (TMTG) traded at 13.73 dollars at one point today. The stock recovered slightly over the course of the day.
Shares in the Trump Media & Technology Group (TMTG) traded at 13.73 dollars at one point today. The stock recovered slightly over the course of the day.
Screenshot: Marktbericht

Following the televised debate against Democrat Kamala Harris, the share price slumped again. Last week, there was a whopping twelve percent increase when Trump said that he would not sell any of his almost 115 million shares even after the lock-up period expired.

dpa