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Trump’s Net Worth Falls by $1 Billion as His Media Company’s Stock Plunges
Trump Media’s inexplicable ascent came crashing down on Monday‚ as shares of the social media firm plunged more than 21 percent‚ knocking roughly $1billion off former President Donald Trump’s net worth.
Despite the precipitous drop‚ his 57 percent stake in the business is still worth over $3 billion.
The firm‚ which began trading last month after merging with a public shell company‚ has benefited from so-called “meme stock” investors who have driven up its share price despite its abysmal...