Trump Media Stock Performance

SOURCE www.cnbc.com
Shares of Trump Media fell to their lowest price since the completion of a merger with Digital World Acquisition Corp. The stock has lost nearly half of its value since mid-July, and the company reported a loss of over $16 million for the fiscal quarter ending June 30.

Key Points

  • Trump Media's stock price hit its lowest since the completion of the merger with Digital World Acquisition Corp.
  • Trump owns a significant stake in Trump Media, worth over $2.5 billion.
  • The company reported a loss of over $16 million for the fiscal quarter ending June 30.

Pros

  • Trump Media has a market capitalization of nearly $4.5 billion despite meager revenue.
  • Trump owns nearly 59% of Trump Media's outstanding shares, a stake worth more than $2.5 billion.

Cons

  • The company reported a loss of over $16 million for the fiscal quarter ending June 30.
  • The stock has lost nearly half of its value since mid-July.