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Trump Media shares plunge after company files to issue additional DJT stock
- TMTG shares dropped over 15% following a blank-check merger with Trump's media business, losing more than 60% of its value since the merger.
- The stock had surged in anticipation of the merger but started trading publicly as TMTG on March 26.
- The significant decline in TMTG shares indicates market disappointment post-merger completion.
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22 Articles
22 Articles
Trump Media stock drops 18% after filing to sell more shares
Share prices for Trump Media took plunged more than 18% on Monday as its largest shareholder, former President Donald Trump, appeared in court at the start of a historic criminal trial in New York.
·Washington, United States
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Trump Media stock plummets after company files to issue millions more shares
Trump Media & Technology Group's (TMTG) stock price plunged by more than 15% on Monday after the parent company of former President Donald Trump's Truth Social platform filed to sell millions more shares.TMTG, which trades on the Nasdaq under the symbol "DJT," said in an SEC filing it could issue an additional 21.5 million shares in the coming months.The filing showed a potential sale of 146.1 million shares of the social media company, includin…
·United States
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Total News Sources22
Leaning Left4Leaning Right2Center14Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
Factuality
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