Trump has now lost $267M with 'erratic' Truth Social stock: report
Donald Trump has lost more than $267 million as the value of his eponymous media company continues to plummet, according to a new financial analysis.
Trump Media stock values dipped 6.29 percent on Monday and brought share prices to just $34.72 as of Tuesday, Newsweek reported.
Truth Social’s parent company reportedly hit a low point last week not seen since April, the same month news broke about how much money Trump’s social media company actually made — and lost.
Financial filings had revealed 2023 revenues of $4.1 million with a net loss amounting to $58.2 million, Forbes reported at the time.
Trump holds a 65 percent stake with 114.75 million shares, according to Newsweek’s analysis of Securities and Exchange Commission fillings.
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Matthew Tuttle, Tuttle Capital Management CEO, told Newsweek that Trump has so far lost roughly $267 million.
Political science professor Todd Landman, of Nottingham University in the U.K., told Newsweek that Trump Media stock presented a grave risk to its investors — noting its high point had reached nearly $80 and its low $22.55.
"The share price trends have been highly volatile and erratic,” he reportedly said. “A 50-point swing in value appears on the face of it quite risky."