Shares of Donald Trump's social media company, Trump Media, dropped to their lowest price since April, closing at under $25 per share after a 5% decline. The stock's decline came after the company reported lower-than-expected revenue that was significantly low for its market valuation. The stock’s slump also coincided with Trump’s return to posting on X, a rival platform owned by Elon Musk. The drop reduced Trump’s net worth by an estimated $170 million.
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00:00It's Benzinga, and here's what's on the block.
00:03Shares of Donald Trump's social media company, Trump Media, dropped to their lowest price
00:06since April, closing at under $25 per share after a 5% decline.
00:11The stock's decline came after the company reported lower-than-expected revenue that
00:15was significantly low for its market valuation.
00:18The stock slump also coincided with Trump's return to posting on X, a rival platform owned
00:23by Elon Musk.
00:24The drop reduced Trump's net worth by an estimated $170 million.
00:28For all things money, visit Benzinga.com.